Robust investment flows to the UAE are expected in the coming years thanks to the country’s continued strong economic performance, steady growth and ambitious development plans over the next 50 years, an expert says .
“More and more investors continue to take a keen interest in the country and its path of economic expansion. The second largest economy in the Arab region enjoys a positive market climate and optimistic economic outlook, making it a magnet for investment. This shows, among other things, how his economic diversification efforts over the years have attracted and continue to attract global attention, resulting in significant gains,” said Dani Tabbara, COO of Al Tamimi Investments, one of Dubai’s leading venture capital firms.
The statement came after the UAE Central Bank released its report showing the country’s 8.2% growth in the first three months of 2022. In 2021, non-oil domestic foreign trade also performed well, increasing by 27% to almost AED 1.9 trillion ($520 billion).
Wealth of know-how
“As part of our commitment to cultivating local brands, Al Tamimi Investments leverages our vast expertise to develop and empower the next generation of Emirati brands to help shape the future of the national economy,” Tabbara noted. .
The increase in investment in the UAE has been attributed to high oil prices, improved oil production and the country’s continued efforts to combat the effects of the pandemic. The successful hosting of Expo 2020 Dubai also played a role in its strong economic performance, with the big event helping to boost business in key sectors such as tourism, hospitality, logistics and real estate.
Tabbara added, “These developments have taken the UAE to its pre-pandemic levels. An influx of investment is expected as the country remains on track to achieve its economic goals, particularly in key sectors such as construction, e-commerce, manufacturing, healthcare, education and technology. point. Sustainability and innovation will also drive more growth opportunities, especially in promising sectors such as climate, transport technology, food and energy.
In addition, the COO of Al Tamimi Investments noted that the government’s investment-friendly programs and policies, growing private sector participation and relentless infrastructure upgrading and development initiatives will further improve the investment landscape in the sector. country and its position on the international scene.
The UAE aims to become one of the top 10 global investment destinations by 2030. In 2020, the United Nations Conference on Trade and Development (UNCTD) named the UAE as the 15th largest recipient of foreign direct investment (FDI) in the world.– TradeArabia Press Office