The UAE is expected to occupy first place globally this year in attracting emerging projects, according to the Entrepreneur magazine, as there are several pillars that support the country's attainment of that global position.

> The magazine pointed out that the UAE is a friend of emerging projects, and that as more projects flow to it, due to economic incentives, the growth momentum in general will increase, which will be reflected on emerging projects. Noting that the IMF raised its expectations for the growth of the UAE last year to 2.9% and 3.7% this year, as the economic recovery helps new projects to grow quickly and attract skills and talents.

The pillars of growth include implementing a law that gives aliens the right to reside in the country after their retirement, as of this year, and this represents an incentive for retired expatriates and workers to remain in the Emirates, she added. And setting up companies in the country.

The magazine pointed out that with the Expo 2020 approaching Dubai, there will be a rise in demand for companies that provide services for the largest exhibition on the face of the earth.

Ann & Play, one of the largest innovation platforms for financial technology in the world, announces the start of financing the establishment of startups and small projects in the UAE, as of the first quarter of Year 2019, according to Omid Mirnvar, the company’s managing director.

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