UAE: The Initiative to Boost and Safeguard Investments

The UAE pledged to support Emirati investors overseas by adopting key initiatives that “would safeguard their interests and serve the nation’s economic guidelines and vision,” the country’s economy minister said Sunday. Abdulla bin Touq Al Mari said the government will help open new markets for Emirati investors and facilitate them to find ideal opportunities and projects, “especially in the priority sectors that serve the country’s efforts in the food security sector”. The government will also encourage Emirati investors to attract and locate advanced technologies, as well as support digital transformation, he added. The minister, in a virtual speech at the 25th meeting of the United Arab Emirates International Investors Council (UAEIIC), said the government is determined to initiate a clear plan that outlines the council’s future goals in line with the Emirati economic vision. United Arabs.
Dr Al Zeyoudi said Emirati investments overseas have played an important role in enhancing the reputation and competitiveness of the national economy, particularly in vital economic and industrial sectors such as the aviation industry, aviation services , logistics, ports, financial and banking sectors, information on real estate, telecommunications and technology. “The UAE is considered today as the largest Arab investor overseas, and has over 34 percent of total investments exported abroad from Middle Eastern countries, ranking first out of all Arab countries and one of the top 20 global countries investing overseas during 2019, “he said. The value of outbound investments from the UAE reached $ 155.5 billion in 2019, an increase of 11% compared to 2018. The 2019 World Investment Report of the United Nations Conference on Trade and Development (Unctad) revealed that outflows of foreign direct investment from the UAE increased by $ 1 billion year-on-year to $ 15 billion in 2018, making the country the 19th largest foreign direct investor in 2018, improving one place. “The UAE will continue to play a leading economic role in the Middle East region with Dubai as a pivotal hub in the global economy and center for business. The UAE is also expected to continue to continuously improve strategic business factors such as the facilitation of investment, services and cost of doing business to have world-class standards in the UAE and compete with other major business destinations, ”said Fahad Al Gergawi, CEO of Dubai FDI.

Elaboration by IICUAE on source: Khaleej Times