UAE Business: UAE’s strong economy to pull in ‘more foreign investments’ – Gulf Digital News

UAE Business: UAE’s strong economy to pull in ‘more foreign investments’ – Gulf Digital News

Robust investment flows to the UAE are expected in the coming years on the back of the country’s consistent strong economic performance, steady growth and ambitious development plans in the next 50 years, said an expert.

“More investors continue to take a keen interest in the country and its economic expansion path. The Arab region’s second-largest economy enjoys positive market sentiments and a bullish economic outlook, making it a magnet for investments. It shows, among others, how its economic diversification efforts over the years have been attracting and continue to draw global attention, which translates into significant gains,” said Dani Tabbara, COO of Al Tamimi Investments, one of Dubai’s leading venture capital firms.

The statement came after the UAE Central Bank released its report showing the country’s 8.2% growth during the first three months of 2022. In 2021, the national non-oil foreign trade also performed well, rising 27% to reach almost AED1.9 trillion ($520 billion).

Wealth of expertise

“As part of our commitment to cultivating homegrown brands, Al Tamimi Investments leverages our wealth of expertise to develop and empower the next generation of Emirati brands to contribute to shaping the future of the national economy,” Tabbara pointed out.

The increase of investments to the UAE