According to the new report, the UAE Ranked top global FDI region for entrepreneurs. UAE is one of the only five countries worldwide that achieved ranking this year. Kearney’s 2021 Foreign Direct Investment (FDI) confidence index has ranked UAE the 15th globally, up from 19th place in 2020. The UAE business atmosphere manifested continued strength between investors’ most critical circumstances, comprising government purposes for traders.
The country’s highly empowered environment, coupled with the latest technological support and great change levels, is also important for FDI allure. The UAE is one of just five nations worldwide to have achieved a high ranking this year in a frequently contentious worldwide FDI allure environment.
Minister of state for foreign trade DrThani bin Ahmed Al Zeyoudi confirmed that UAE’s first position in the Arab world and 15th globally, Kearney’s 2021 FDI confidence index is a new success added to the UAE with many more successive achievements.
This world ranking proves the effectiveness of the strategy adopted by the UAE, which is consistent with the revelation and instructions of creative leadership, the attractiveness of the state, and the strategic objectives of the country for the development and investment of the national business environment is about various business activities to do. Al Zeyoudi indicated that in the UAE century 2071, non-oil development would be enhanced by diversifying the national economy sources.
He further noted that UAE’s progress with this essential and great sign proves the positive opinion among traders, as per the strong commitment of the government to economic difference, infrastructure innovation, and efficiency of doing business. The economic strength of a country and its ability to overcome challenges that advance the global economic landscape. It also demonstrates the country’s performance in dealing with crises, disasters, and worldwide change and receiving a rapid response, using advanced technology to examine the future economy.
As per the new release by the worldwide policy and management consulting company, traders say they are more careful about FDI globally as they prepare for a long economic recovery. The ranking revealed a significant drop in overall optimism regarding the world economy since pre and early pandemic levels last year; but, investors confidence about the Middle East and North Africa was generally stable. The level of optimism about the economic opportunity for the UAE was higher than those documented last year, putting it amongst the top five countries in terms of net buoyancy.
The UAE’s striking growth this year again speaks for stability and the power of momentum. Rudolf Lohmeyer, a partner at the National Transformation Institute, Kearney Middle East, says the score relates primarily to his continued investment in superior technological support, high levels of innovation, and intensification and discipline about the response to the pandemic.
The United Arab Emirates was one of the first nations to establish a COVID-19 vaccine and has started a highly energetic drive to vaccinate the entire population by the end of 2021. Behind only Israel and Seychelles, the UAE has, for the most part, vaccinated their populations, which can be demanded to further promote business and financing possibilities. Besides, the UAE extended to involve beyond its boundaries this year, a sign of the UAE’s commitment to regional stability and economic integration with the signing of the Abraham Accords in August. The expo 2020, which was postponed until October 2021, should contribute to a revival in tourism, including Israel in the latter part of the year.
Paul A. Laudicina, a founder of the index and Kearney’s Global business policy council, said: one year in the pandemic of the world economy and reverence for it, investors seem to be disciplined to understand. In last year’s survey, traders displayed a great degree of confidence about the global market and their investment prospects. The disintegration of many COVID-19 was caught off guard that brought the world into an economic stalemate.
This year’s ranking remains about how soon the world economy will recover after COVID. Along with declining confidence regarding the economy, overall scores for the top 25 countries have fallen compared to previous years. Only 57 per cent of traders are confident about the three-year worldwide economic opportunity, which is significantly lower than the 72 per cent figure for the previous year.
Due to increasing investors caution this year, advanced markets rank 25 for the most part for two main purposes. Eric Peterson, Managing Director of the Global Business Policy Council and co-author of the study, said earlier, built markets represent greater security and stability for business leaders whose strategy and key points have been shaken by the pandemic. And another, traders proceed to prioritize places with a solid foundation, effective governance, investment in technology and change, and macroeconomic durability, the strength of most advanced markets.
China, UAE, and Brazil are the only three developing markets on this year’s index. While China remains the highest-ranked developing market, a gap has persisted across the country since 1999. US-China trade tensions and concerns over the more general corporate reconsideration of international supply chains explain its decline to 12th place.
Beyond this conclusion, the biggest pandemic itself is the biggest risk facing international investors, Peterson said. Overcoming COVID-19 will be the key to world economic recovery, and reforms in FDI will go hand in hand with both. Economic growth will be determined largely by the continuation of the worldwide pandemic, the effectiveness of economic and financial acknowledgements, and the completion of vaccination efforts. Despite determined macroeconomic difficulties, traders consider FDI essential for corporate profitability and competitiveness over the next three years. And with more caution from