Media ININ Economy We Trust
09-04-2019 Media in\ Dubai
The Ministry of Economy organized a session entitled “Invest in the UAE” during the ninth session of the Annual Investment Forum 2019 held in Dubai to introduce the national economy and highlight the business climate in the country, as well as investment opportunities and partnership at the local level in each emirate. Works from visiting delegations and participation in the Forum.
The session was opened by Jumaa Mohammed Al Kait, Assistant Undersecretary for the Foreign Trade Sector at the Ministry. He stressed that the annual investment forum has proved its role as a leading platform to enhance investment cooperation both at the governmental level and in terms of linking investors and companies to build productive and sustainable partnerships at the regional and international levels. To facilitate the exchange of knowledge and knowledge of best practice in the field of FDI.
Al Kait reviewed the most important elements of the investment environment in the UAE, stressing that it adopted innovative policies to create an attractive and friendly environment for the investor, making it a preferred destination for many companies, foundations and international funds to benefit from their investment opportunities and expansion in the region’s markets. Laws, incentives and facilities that support the growth of business and investments, as well as the diversity and specificity of the investment environment in each emirate, thus enriching the investment climate at the national level.
And highlighted the most prominent indicators of investment achieved by the State, noting that it recorded in 2018 about 10.4 billion dollars in foreign direct investment inflows into the country, according to the Central Bank estimates .. In 2017 ranked first in the Arab world and 30 in terms of attractiveness to foreign direct investment, Accounting for about 40% of the total investments received in Arab countries and West Asia, and 23% of the MENA region. The average annual growth of foreign direct investment in the country between 1990 and 2017 was about 28%, compared with 12% Arab region and 11% average And the world during the same period.
Al Kait pointed out that these indicators reflect the position of the State as an influential player in the field of investment at the regional and global levels, thanks to the ambitious development vision adopted by the State under the guidance of its wise leadership, succeeded in developing effective policies and legislation in improving the investment environment. Provides foreign ownership of up to 100 projects in a number of selected sectors, as well as state incentives in visa and economic support packages in a number of UAE countries.
He added that the UAE is adopting a vision that focuses on investing in knowledge, innovation, technology and advanced industries, directing opportunities and investments towards the applications of the digital economy and the fourth industrial revolution. It has become a regional leader in this field by launching effective and ambitious initiatives to keep abreast of technological developments and its impact on the investment structure. Is reflected in many examples and success stories in this aspect of a number of start-ups that launched from the state and reached the world thanks to the system and infrastructure and electronic encouraging the smart trade and digital economy.
The session included a number of presentations on the local investment environment in a number of emirates.
