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UAE Embarks On 2031 National Investment Strategy To Boost Annual Foreign Inflows

The UAE has set a bold vision with its National Investment Strategy 2031, targeting an elevation in annual foreign investment inflows from AED112 billion ($30.5 billion) in 2023 to AED240 billion ($65.4 billion) by 2031. His Highness Sheikh Mohammed bin Rashid Al Maktoum highlighted the strategy’s goal to transform the UAE into a premier global investment hub. Aiming to swell the foreign direct investment stock from AED800 billion to AED2.2 trillion, this strategy focuses on key sectors: industry, financial services, transport and logistics, renewable energy, and telecommunications.

Key Initiatives And Economic Contributions

The approved strategy includes 12 new programs and 30 distinct initiatives, such as the Financial Sector Development and the Investment Offices Promotion Incubator. Currently, foreign direct investment contributes significantly to the GDP, with predictions to increase its share to over 30% of the total investments by 2031.

Dive deeper into the global market shifts in Wall Street Tumbles Amid Trade Tensions.

Technological And Digital Advancements

The strategy outlines the UAE’s vision to become a digital economy powerhouse by 2031, intending to enhance the digital economy’s current contribution to GDP from 9.7% to 19.4%. The Industrial Technology Transformation Index (ITTI) will also play a pivotal role in gauging technological advances and sustainability practices.

The introduction of a remote work system and the launch of the National Green Certificates Program further highlight the UAE’s efforts to harness global talent and promote sustainable development.

Cyprus Aquaculture Production Highlights Resilience Amid EU Downturn

New data from Eurostat reveals a notable contraction in European Union aquaculture production, with overall volumes and values declining even as Cyprus continues to maintain its engagement in the sector.

Overview Of EU Aquaculture Production

EU aquaculture reached 1 million tonnes of fish, molluscs, algae and crustaceans in 2024, with a total value of €4.6 billion. Compared with 2023, production declined by 3.7% in volume and 3.6% in value, reflecting weaker sector performance.

Cyprus’ Role In European Aquaculture

Among the European nations, Cyprus produced 9,053.9 tonnes of farmed aquatic organisms, a modest yet steady contribution that underscores its role as an active participant in the region’s diversified aquaculture network.

Leading Contributors To EU Aquaculture

Production remains concentrated among a small group of countries. Spain led with 246,137 tonnes, representing 24.3% of total EU output. France followed with 181,434 tonnes, or 17.9%, and Greece with 127,493 tonnes, or 12.6%. Italy produced 98,051 tonnes, or 9.7%, while Poland accounted for 43,554 tonnes, or 4.3%. Together, these five countries generated more than two-thirds of total EU aquaculture output.

Species Breakdown And Economic Impact

Mussels emerged as the most produced species by live weight, accounting for 32.8% of the total EU output. In contrast, when assessed by economic value, trout led with 17.9%, followed by seabass (14.5%) and gilthead seabream (13.5%). These figures highlight the varying dynamics of species-specific production and their corresponding market impacts.

Sectorial Outlook

The 2024 data indicate a contraction in EU aquaculture, with declines in both output and value. Cyprus and other smaller producers continue to contribute to the overall supply as the sector adjusts to changing market conditions.

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