Global investors’ buoyant outlook for UAE due to business-friendly policies

Global investors’ buoyant outlook for UAE due to business-friendly policies

Kashif Ansari speaks to the media in Dubai.

Inayat-ur-Rahman,Deputy Business Editor

COVID-19 has brought new opportunities and challenges for the governments and markets to navigate within the coming quarters.

GCC continues to remain resilient with solid macroeconomic fundamentals amid opportunities in various industries to cash upon. UAE has positioned herself globally as a tourist hub, modern infrastructure and landscape, tech-savvy government and people, transparency with good governance.

This was stated by Kashif Ansari, Group CEO, Juwai IQI, during an exclusive interview with Gulf Today, adding that the global investors with long- term view and investment strategy have a buoyant outlook for UAE.“

"Because of its investor-friendly policies, growth potential and profit landscape can buttress the economic progression, at the macro level,“ he added.

The official mentioned that investors would like to move to countries which have effectively dealt with COVID-19 and maintained income levels to move to higher living standards.“

He noted that recently he has shared in his macroeconomic forecast that three key industries would support the growth trajectory for UAE, which are tourism, energy and technology.“

"With the recently signed Abraham accord, a lot of tourists are coming back into the market. The tourism sector, a pillar of the UAE non-oil economy, accounts for approximately 16