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Backed by the UAE’s continued strong economic performance, steady growth and ambitious development plans over the next 50 years, strong investment flows to the UAE are expected in the coming years, an expert said.
“A growing number of investors continue to take a keen interest in the country and its path of economic expansion. The Arab region’s second-largest economy enjoys positive market sentiment and an upbeat economic outlook, making it a magnet for investment. It demonstrates, inter alia, how its economic diversification efforts have attracted and continue to attract global attention over the years, translating into significant gains,” said Dani Tabbara, Chief Operating Officer of Al Tamimi Investments, one of Dubai’s leading venture capital firms.
The statement came after the UAE Central Bank released a report showing that the country will grow by 8.2% in the first three months of 2022. The country’s non-oil foreign trade will also perform well in 2021, growing by 27% to nearly AED 1.9 trillion (US$ 520 billion).
rich specialized knowledge
“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, higher oil production, and the country’s relentless efforts to combat the impact of the pandemic. The successful hosting of Expo 2020 Dubai has also contributed to its strong economic performance, with the event helping to boost activity in key sectors such as tourism, hospitality, logistics and real estate.
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, Expect an influx of investment. Sustainability and innovation will also spur more growth opportunities, especially in promising areas such as climate, transport technology, food and energy.”
investor friendly
In addition, the COO of Al Tamimi Investments noted that the government’s investment-friendly programs and policies, increasing private sector participation, and ongoing infrastructure modernization and development initiatives will further improve the country’s investment prospects and its presence on the international stage position above.
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. — trade arab news agency
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