UAE ranked top global FDI destination for investors
The United Arab Emirates has ranked 15th globally in Kearney’s 2021 Foreign Direct Investment (FDI) Confidence Index, up from 19th place in 2020. The UAE business environment demonstrated continued strengths in factors most important to investors, including government incentives for investors.
The country’s strong enabling environment, featuring advanced technological infrastructure and high innovation levels, is also central to its FDI attractiveness. The UAE is one of only five countries globally that achieved a higher ranking this year in an increasingly competitive global FDI attraction environment.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, affirmed that UAE’s first place in the Arab world and 15th globally on Kearney’s 2021 Foreign Direct Investment (FDI) Confidence Index is a new achievement that is added to the multiple and successive achievements of the UAE.
“This global ranking confirms the efficiency of the approach that the UAE adopts, in line with the vision and directives of the wise leadership, regarding the development of the national business environment and the attractiveness of the state to investments and various commercial activities to achieve country’s strategic objectives and the UAE Centennial 2071 by diversifying the sources of the national economy to enhance Non-oil GDP growth,” Al Zeyoudi indicated.
He went on to say that progress made by the UAE in this vital and important indicator confirms the positive sentiment among investors, which is based on the government’s strong commitment to economic diversity, innovation, infrastructure and ease of doing business, and it is new evidence of the strength and durability of the country’s economy and its ability to overcome the challenges that permeate the global economic scene today. It also shows the country’s efficiency in coping with and facing emergencies, crises and global changes and achieving rapid response by adopting modern technology to explore the future economy.
source: Gulf news
