UAE - Mubasher: The UAE has been placed in the 14th position globally and first regionally in Kearney’s 2022 Foreign Direct Investment (FDI) Confidence Index.
Recording a higher ranking in a competitive global FDI attraction environment this year, the UAE is one of only four emerging markets on the index along with Qatar, China, and Brazil, according to a press release on Tuesday.
This performance reflects the country's commitment to policy innovation, accelerating investment in innovation capabilities and digital infrastructure, and opening of Expo 2020 in the fourth (Q4) of 2021.
The consulting company expects strong average growth of 5.4% over the next three years, driven by institutional reforms to promote trade and investment and improve the ease of doing business in the UAE.
The Partner of the National Transformations Institute at Kearney Middle East, Rudolph Lohmeyer, said: "The UAE’s steady rise in the rankings in the past years speaks to the power of consistency and momentum. With Expo 2020 opening in Q4 of 2021, the country has had a surge of tourism and new businesses opportunities."
Meanwhile, the Founder of the index and Kearney’s Global Business Policy Council, Paul A. Laudicina, commented: "Focusing on investing in key sectors such as infrastructure and implementing ESG strategies sooner rather than later at home and abroad will provide a solid path forward for investors and companies, and ultimately help to build a stronger, more enduring investment environment consistent with fundamental changes evolving in global business conditions."
