The UAE succeeded in emerging from the repercussions of the Corona pandemic due to the strategic vision set by the leadership of the UAE, led by Sheikh Mohammed bin Zayed, who believed in the capabilities of his country and its youth, and with that vision that he set in transforming from an oil economy to one that is not dependent on oil, within years the UAE became a leading country in economic diversification, especially in the knowledge economy, alternative and clean energy, and also in space’s investment technology.
The UAE has become the best environment for investment and a point of attraction for foreign investment. The latest report issued by UNCTAD mentioned that the United Nations Conference on Trade and Development revealed a noticeable growth in new foreign investment projects in the UAE in 2023. The report indicated that these projects increased by 28% compared to 2022. According to the report, the UAE recorded the second-highest increase in new foreign investment projects worldwide, while the United States of America ranked first.
The UNCTAD report, titled “A Look at Investment Trends 2023,” also confirmed that the UAE has maintained its global attractiveness in attracting foreign direct investment despite declining investments in many countries.
The Minister of State for Foreign Trade in the UAE, Dr. Thani bin Ahmed Al Zeyoudi,confirmed that the UAE continues to reap the fruits of the forward-looking vision of its rational and wise leadership through more significant investment and trade openness to countries of the world, supporting innovation and sustainable economic growth.
In a related context that confirms the strength of the Emirati economy, a group of businessmen and investors in the Emirates declared that the business growth rates of emerging companies are among the highest and fastest in the world, due to the favorable and attractive investment environment that the Emirates has worked to provide based on the directives of its leadership to attract entrepreneurs and innovators from all over the world.
Over the past years, the UAE has succeeded in becoming a global incubator for emerging companies in all economic fields and sectors, especially those related to the knowledge economy, which is considered the economy of the future, not to mention investments in the field of alternative energy, technology, artificial intelligence, and investment in space.
Based on the expectations of entrepreneurs, the UAE economy will record steady growth during 2024, based on the UAE strategy, not to mention the global competitiveness that the UAE economy enjoys, especially since it ranks among the top ten economies in many indicators of economic competitiveness worldwide.
The UAE is considered one of the best investment destinations in the world due to what it provides to international and local investors. It has the highest investment standards and attractive elements in addition to the advantages that investors seek.
The UAE is a land of investment opportunities as a result of the strategic vision of the UAE leadership and its care for the diversification of the economy and the transition to a non-oil economy, as the UAE is considered a pioneering country in this field and it is to be reckoned with.