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UAE Establishes New Ministry of Investment

  • Publish date: Tuesday، 04 July 2023
UAE Establishes New Ministry of Investment

The UAE has announced the establishment of a new Ministry of Investment, aimed at boosting the country’s competitiveness in the global market and its investment vision.

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Mohammed Alsuwaidi, managing director and chief executive of Abu Dhabi-based investment and holding company ADQ, has been named as the UAE's Minister of Investment.

“The aim of the new ministry is to develop the country's investment vision, stimulate the investment environment internally and continuously enhance the competitiveness of our procedures and legislation to ensure that the country remains a global destination for investment and a major player in the global investment movement,” Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, wrote on Twitter.

The ministry's primary duties will be to suggest investment policies, develop laws and strategies, and carry out national initiatives to improve the investment climate and its competitiveness.

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