The UAE ranked first in the region and the 19th in the world in the foreign direct investment index for 2020 issued by Kearney.
According to Al-Ittihad, the UAE jumped two places in its current year ranking, compared to its ranking on the index in 2017.
The UAE rating reflects the positive feeling among investors, based on a strong government commitment to economic diversification, innovation, infrastructure, ease of doing business, etc.
Positive government policies implemented in 2019, such as the approval of foreign ownership, contributed 100% in 13 economic sectors, including manufacturing, agriculture, and renewable energy, as well as strong activity in the technology sector, which ranks next after Uber to share vehicles that have acquired Carem Networks should book online car service, for $ 3.1 billion. This has made the UAE one of the most attractive foreign destinations for foreign direct investment in the world.
According to the FDI Confidence Index, global foreign direct investment will decrease in the next year, as a result of the Corona Corvid-19 pandemic, while the nature and timetable of the economic recovery and recovery remains highly uncertain.
"The UAE's commitment to good governance, innovation, infrastructure and the business environment is currently generating clear profits in terms of its attractiveness to foreign investment," said Rudolf Lemerre, partner at the National Transition Institute at Kearney Middle East. Investors clearly expect that these fundamental factors, along with the highly effective response to the crisis, will cause the UAE to overcome the Corona pandemic crisis.
It is also expected that the UAE will benefit from the entry of the African Free Trade Agreement (AfCFTA) into effect through the availability of new commercial opportunities with African countries, but the Corona pandemic has delayed the time frame of the agreement. He added: The Expo Dubai 2021 is also expected to boost growth and stimulate foreign investment, after overcoming the Corona pandemic crisis.
