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DUBAI – Al Tamimi Investments expects strong investment flows to the UAE in the coming years, due to the country’s continued strong economic performance, steady growth and ambitious development plans over the next 50 years.
“The Arab region’s second-largest economy enjoys positive market sentiment and a bullish economic outlook, making it a magnet for investment. It shows, inter alia, how its economic diversification efforts have attracted and continue to attract global attention over the years, This translates into significant gains,” said Dani Tabbara, chief operating officer at Al Tamimi Investments.
The statement came after the UAE Central Bank released a report showing that the country will grow by 8.20% in the first three months (3M) of 2022. In 2021, the country’s non-oil foreign trade will increase by 27% to approximately AED 1.90 trillion.
“As part of our commitment to nurturing home-grown brands, Al Tamimi Investments leverages our extensive expertise to develop and license the next generation of Emirati brands, contributing to shaping the future of the national economy,” Tabbara noted.
The increase in investment in the UAE has been attributed to strong oil prices and higher oil production, as well as the country’s relentless efforts to combat the impact of the outbreak.
Tabara added: “These developments have brought the UAE to pre-pandemic levels. As the country is still achieving its economic goals, especially in key sectors such as construction, e-commerce, manufacturing, healthcare, education and advanced technology, An influx of investment is expected. Sustainability and innovation will also spur more growth opportunities.”
The UAE aims to become one of the top 10 investment destinations in the world by 2030. In 2020, the United Nations Conference on Trade and Development (UNCTD) ranked the UAE as the 15th largest recipient of foreign direct investment (FDI) in the world.
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