What Makes The UAE The Region’s Fastest-Growing Investment

 To begin with UAE economy facts, it ranked first in West Asia and ninth worldwide in the Global Competitiveness Report 2021. In the last few decades, the country has built a modern and diverse economy with due respect to its strategic location at a global crossroads, financial reserves and infrastructure projects.  

UAE comes with a straightforward priority of accelerating the economy, unraveling opportunities, fostering entrepreneurship and instilling a diverse & dynamic culture. The UAE has always been driven about moving forward and expanding the nation’s horizons. 

Facts & Figures: 

• UAE economy is fifth largest in the Middle East

• UAE has witnessed 44% growth in inward FDI flows in 2020; reached Dh 73 million. 

• As per statistics, in 2022 UAE has attracted an estimated $22 billion in FDIs.

• UAE ranks 15th globally in terms of its capability to attract FDIs.

• Despite a global slowdown, the first half of 2022 recorded an unparalleled growth of about 8.5%.

What Makes The UAE The Region’s Fastest-Growing Investment

• Solid economy

The UAE government plans to double the economy this decade and touch a whooping figure of AED 3 trillion by 2031. A real GDP non-oil growth of 3.9% is projected in the coming years. Also, the policy of economic diversification has led to progression in sectors such as tourism, trade, air transport and tourism. Thanks to UAE’s strategic location between Africa, Asia and Europe; Chinese businesses use Dubai as a hub for trading. While, Western nationals use Dubai as a hub for Middle East Latin Americans see UAE as a launching platform into South Asia.

• Projects of the 50

Undoubtedly, UAE is ready to take on the next 50 years.

‘Projects of the 50’ is a key initiative by the nation to determine its success by focussing on economic development, constant innovation, strengthening bilateral relations with international partners and reforming legal frameworks.  

The ‘Project Of the 50’ aims at boosting social and economic development by advancing more than 50% of government spending to the national economy by 2031. Also, the comprehensive blueprint plan to unveil the capabilities of UAE to investors of different nationalities. 

• Global talent and capital

UAE is highly ambitious and plans to expand soon in wide ranging technologies like artificial intelligence, Internet of Things, high-speed transportation, Blockchain, innovative medical technologies, robotics, augmented virtual reality, self-driving cars and robotics. UAE has set its foot in most domains and plans to thrive in them in the near future. 

Despite the global pandemic, UAE’s GDP totalled to $421 billion in 2020 . Also, its per capita GDP rose to $ 43,100 - more than Spain, France and the UK. Thanks to the UAE business environment, the country depicts continuous capital inflows and a positive outlook throughout.

• A global industrial base

In the last few decades, the UAE has endured a complete economic transformation. The Arab world represents a digital infrastructure like no other in the world. The UAE has also become a global headquarter for more than 500 largest investment companies in Dubai. UAE is also a foremost investment destination for foreign capital and many leading projects in tourism, infrastructure, renewable energy and more.

At present, the UAE is the most advanced country in the world in creating an investor-friendly environment by providing a competitive and flexible procedure in this fast changing world.                         

Furthermore, the UAE industrial sector gains from a solid and consistent support structure boosted by strategic location, economic stability and steady government investment. The country has more than 28 businesses and logistic zones that contribute to the environment significantly.

In addition, UAE’s shipping lanes connect over 400 cities with the most efficient transportation network. UAE has 10 commercial airports, 105 shipping firms, 310 marina berths, 12 sea and commercial ports. 

• A gateway to the world for startups

UAE is a gateway to the world for startups. It is a global destination for innovative expansions, financial upliftment and technological advancement. These dynamics not just promote growth but also attract people from across the globe to start a business in the country. Some strong reasons that depict UAE as a hub for startups are dynamic business opportunities, low cost of operations, open trade system and 100% ownership to SMEs.

The UAE has encountered solid transformation only to realize that it's an ideal platform for sustainable growth and economic development. The nation's desire to extend its horizons has ensured that the UAE continues to be a global beacon for innovation, entrepreneurship, endeavor and so much more.

Considering the whole situation, the UAE is a platform for people all over the globe to realize all their goals and achieve the impossible.