UAE creates integrated platform for investment in vital sectors

UAE creates integrated platform for investment in vital sectors

The UAE cabinet has approved the creation of an integrated national platform, a quantum leap to bring investments in vital sectors, such as financial technology, tourism, manufacturing and renewable energy.

Dubbed the foreign investor compass project, it represents one of the transformative projects of the Ministry of Economy, aimed at promoting the investment environment in the UAE, highlighting the country's capabilities in the targeted sectors a WAM report said.

The new project includes an electronic platform, guides and promotional tools that highlight various opportunities for foreign investors in the sectors of financial technology, agricultural technology, healthcare, education, communications and information technology, media and entertainment, e-commerce, tourism, space, logistics, manufacturing, medical tourism, renewable energy, creative industries, games and smart cities.

Under MoE supervision

“The platform, will be supervised by the Ministry of Economy,” said His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, who chaired the UAE Cabinet meeting at Al Zorah Natural Reserve in Ajman, in the presence of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance; and Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior.

He added: “Also,