Internationalization foreign investment in the UAE

The emirates were one of the first countries to open their doors to international visitors, while other countries are still debating how to deal with the pandemic.  

Dubai is already set. The economy started looking up and, in a matter of months since the global health crisis downturn, started closing the gaps between growth forecasts and reality. The data showed in the report by the Dubai Statistic Center (DSC) the significant economic leap was between the second and third quarters of 2021. The Emirate’s GDP registered a constant growth at 17.8 percent in the second quarter and a growth of 6.3 percent, increasing in the third quarter over the corresponding periods in 2020.

UAE’s growth can be seen not only in the tourism sector but also in the blend of the flow of targeted investment that came by foreign investors and from the government in the last year.

The review of business environment laws such as the Commercial Companies Law has resulted in boosting investor appetite in the UAE and making it one of the destinations of choice for international investors.

According to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2021, the value of foreign direct investment inflows to the UAE increased in 2020 by $2.01 billion (AED 7.38 billion), at a growth rate of 11.24%. At these growth rates, UAE has joined the top 20 countries considered trustworthy, ranking 15th in Kearney’s 2021 Foreign Direct Investment Confidence Index.

The government has pumped investments and capital into major public transport and renewable energy projects that have become key pillars in the new economic milieu. At present the UAE has 10 major airports, 12 seaports, an impressive network of roads and bridges, and 6 national carriers connecting to over 200 cities worldwide.
This enables 33% of the world’s population to reach the UAE within 4 hours, and 66% to access the country within 8 hours.

Dubai remains one of the best destinations for entrepreneurs who desire to develop their business in a dynamic and attractive context filled with opportunities.