The United Arab Emirates has ranked 15th globally in Kearney’s 2021 Foreign Direct Investment (FDI) Confidence Index. This is a positive indicator of net optimism. The Emirates business environment showed continued strengths in factors most important to investors.
Optimism levels regarding the economic outlook for the UAE scored higher in relative terms than those documented last year, placing it among the top 5 countries in terms of net optimism.
“This global ranking confirms the efficiency of the approach that the UAE adopts, in line with the vision and directives of the wise leadership, regarding the development of the national business environment and the attractiveness of the state to investments and various commercial activities to achieve country’s strategic objectives and the UAE Centennial 2071 by diversifying the sources of the national economy to enhance Non-oil GDP growth,” Al Zeyoudi indicated.
“The UAE’s striking rise in the rankings again this year speaks to the power of consistency and momentum. Specifically, the score is likely related to its continued investment in advanced technological infrastructure, high levels of innovation, and to the intensity and discipline of its response to the pandemic,” said Rudolph Lohmeyer, Partner, National Transformations Institute, Kearney Middle East.
“The UAE was among the first countries to approve a COVID-19 vaccine, and it has embarked on an extremely ambitious campaign to vaccinate its whole population by the end of 2021. Behind only Israel and the Seychelles, the UAE has vaccinated the highest portion of their population (per 100 people), which can be expected to boost economic and investment prospects further. In addition, the UAE continued to engage beyond its borders this year — with the signing of the Abraham Accords in August signaling the UAE’s commitment to regional stability and economic integration. Expo 2020, which was postponed to October 2021, should further contribute to the resurgence in tourism, including from Israel, in the latter part of the year.”