The UAE Ministry of Investment has joined the World Association of Investment Promotion Agencies (WAIPA), a Geneva-based organization that facilitates knowledge exchange, capacity building, and policy advocacy to enhance global foreign direct investment (FDI) flows.
This marks a key step in the Ministry’s commitment to forging fruitful partnerships and driving economic growth. The accession protocol was signed by Mohammad Abdulrahman Alhawi, Undersecretary of the UAE Ministry of Investment and Ismail Ersahin, Executive Director and CEO of WAIPA.
Mohamed Hassan Al Suwaidi UAE Minister of Investment
“The Ministry of Investment’s membership in the World Association of Investment Promotion Agencies (WAIPA) marks a significant milestone in our ongoing commitment to building meaningful partnerships and creating opportunities for mutually beneficial investments with international allies. This step will also enable us to realize the goals outlined in the National Investment Strategy 2031. We look forward to sharing knowledge with and learning from government entities across the world on investment strategies, best practices, and joint sectors of interest.”
WAIPA, established in 1995 by the United Nations Conference on Trade and Development (UNCTAD), now includes notable members such as the United Kingdom’s Department for International Trade, Oman’s Ministry of Commerce, Industry and Investment Promotion, and China’s Investment Promotion Agency of the Ministry of Commerce.
Other members from the UAE include the Abu Dhabi Investment Office (ADIO), Dubai FDI, and Invest in Sharjah, though the Ministry of Investment is the first federal-level entity to join.
Launched in 2024, the National Investment Strategy 2031 aims to boost FDI stock to $353.8 billion (AED1.3 trillion) and triple the cumulative FDI balance to $598.4 billion (AED2.2 trillion) by 2031.
