UAE’s global appeal as FDI destination grows rapidly

UAE’s global appeal as FDI destination grows rapidly

The UAE was ranked first in the Middle East region and jumped four places to 15th position globally in the latest Kearney's 2021 Foreign Direct Investment (FDI) Confidence Index, as the country's business environment demonstrates continued strengths in factors that are key to investors, including government incentives.

The country's strong enabling environment, featuring advanced technological infrastructure and high innovation levels, is also central to its FDI attractiveness.

The UAE is one of only five countries globally that achieved a higher ranking this year in an increasingly competitive global FDI attraction environment.

The Kearney report found that investors are more cautious regarding FDI globally, as they gear up for a long-haul economic recovery.

The ranking reveals a significant dip in overall optimism about the global economy since pre- and early-Covid-19 pandemic levels last year.

However, investor optimism about the Middle East & North Africa (MENA) region remained stable.

Optimism levels regarding the economic outlook for the UAE scored higher in relative terms than those documented last year, placing it among the top five countries in terms of net optimism.

“The UAE's striking rise in the rankings again this year speaks to the power of consistency and