UAE’s global appeal rises, as it emerges leading FDI destination in the region – MENAFN.COM

UAE’s global appeal rises, as it emerges leading FDI destination in the region – MENAFN.COM

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. 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 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