UAE’s Strong Economy to Pull in More Foreign Investments in Coming Years

• Country’s efforts to diversify economic system yielding important dividends.

Robust funding flows to the UAE are anticipated within the coming years on the again of the nation’s constant sturdy financial efficiency, regular development and bold growth plans within the subsequent 50 years, Al Tamimi Investments, considered one of Dubai’s main enterprise capital companies, projected not too long ago.  

“More investors continue to take a keen interest in the country and its economic expansion path. The Arab region’s second-largest economy enjoys positive market sentiments and a bullish economic outlook, making it a magnet for investments. It shows, among others, how its economic diversification efforts over the years have been attracting and continue to draw global attention, which translates into significant gains,” stated Dani Tabbara, COO of Al Tamimi Investments.

The assertion got here after the UAE Central Bank launched its report exhibiting the nation’s 8.2 per cent development through the first three months of 2022. In 2021, the nationwide non-oil overseas commerce additionally carried out effectively, rising 27 per cent to succeed in nearly AED 1.9 trillion.

“As part of our commitment to cultivating homegrown brands, Al Tamimi Investments leverages our wealth of expertise to develop and empower the next generation of Emirati brands to contribute to shaping the future of the national economy,” Tabbara identified.

The enhance of investments to the UAE was attributed to sturdy oil costs, improved oil manufacturing and the nation’s steady efforts to fight the pandemic’s results. Its profitable internet hosting of the Expo 2020 Dubai additionally performed an element in its sturdy financial efficiency, with the grand occasion serving to increase actions in key industries corresponding to tourism, hospitality, logistics, and actual property.

Tabbara added: “These developments have allowed the UAE to reach its pre-pandemic levels. Investment influx is expected as the country remains on track with its economic goals, especially in key sectors such as construction, e-commerce, manufacturing, healthcare, education and advanced technology. Sustainability and innovation will also spur more growth opportunities, especially in promising sectors such as climate, transport technology, food and energy.”

Moreover, the COO of Al Tamimi Investments famous that the federal government’s investment-friendly packages and insurance policies, the non-public sector’s growing participation and continuous infrastructural modernization and growth initiatives will additional enhance the funding panorama within the nation and its standing on the worldwide stage. 

The UAE targets to develop into one of many 10 greatest world funding locations by 2030. In 2020, the United Conference on Trade and Development (UNCTD) named the UAE the world’s fifteenth greatest recipient of overseas direct investments (FDIs).