UAE reforms win investors vote of confidence
The UAE was one of only five countries globally that achieved a higher ranking in 2021 in an investor confidence index.
Nation to have more measures to strengthen investment landscape, priority sectors
The UAE’s reform-driven advancement as a future-ready international investor hotspot received a reassuring vote of confidence as the nation bucked bleak global trends to record a phenomenal jump in foreign direct investment through 2020.
Economists and analysts believe that a 44.2 per cent FDI surge to Dh73 billion year-on-year, notwithstanding the headwinds during a pandemic-ravaged year, is an eloquent testimony to the Emirates’ growing appeal to global investors subsequent to a series of region-first reforms, including a landmark 100 per cent business ownership law and the 10-year golden visa rule.
The tweet “Good Crisis management is a guaranteed investment,” of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai, on Saturday encapsulates the pragmatic and pioneering measures the nation’s visionary leadership had taken to achieve such a remarkable feat.
The record FDI jump not only proves that the UAE could buck the global FDI decline of 42 per cent estimated by the UN due to Covid-19 but also testifies to the nation’s growing status as one of the most sought-after global investor hubs.
As UAE Minister of Economy Abdullah bin Touq Al Mari noted, the investment landscape of the UAE has been steadily developing over the past years with the introduction of progressive measures that have earned the nation a coveted position internationally while leading regionally. Going forward, the UAE will have more measures to strengthen the investment landscape and grow investor confidence in priority sectors, he said.
According to US-based consultancy firm Kearney, the UAE jumped four places in an index that measures the confidence of foreign investors.