UAE Vice-President Sheikh Mohammed bin Rashid Al Maktoum has announced the establishment of the National Investment Fund with an initial capital of Dh36.7 billion, subject to increase and review. The announcement was made after the Dubai Ruler attended a meeting of the Cabinet at the Dubai Airshow 2025 on Wednesday.

"The objective of the fund is to encourage incoming foreign direct investments to the country through incentive financial packages and to achieve our targets by raising them from Dh115 billion annually to Dh240 billion annually in 2031, and increasing its accumulated balance from Dh800 billion to Dh2.2 trillion dirhams in the same year," Sheikh Mohammed said in a post on X.

"Our message is clear to all investors around the world... the United Arab Emirates welcomes you, it will provide the best environment for your investments and will support your future growth and success," he added.

Stay up to date with the latest news. Follow KT on WhatsApp Channels.

Sheikh Mohammed bin Rashid confirmed,“We reviewed progress in the National Strategy for Industry. National industrial spending has exceeded Dh110 billion, an increase of 244 per cent over the past five years. Industrial exports reached Dh197 billion. Today, the industrial sector contributes Dh210 billion to our GDP. Our target is Dh300 billion by 2031. We will continue to support this vital sector and its rapid growth."

During the meeting, the Cabinet reviewed the year 2024 achievements of the UAE civil aviation sector, which contributed Dh340 billion, or 18.2 per cent, to the UAE's GDP for the year. The country's airports handled approximately 148 million passengers, a 10 per cent increase compared to 2023, through more than one million air traffic operations, an 11 per cent increase compared to 2023.

MENAFN19112025000049011007ID1110369205