Investments to UAE expected to rise by 20% in 2019
Saturday, 04 06 2019, Category: Economy, Country: U.A.E
The UAE Government’s new foreign direct investment, FDI, law passed in 2018 could accelerate FDI flows by up to 20 percent this year, from the eight percent average growth rate, as per the recent estimates of the Ministry of Economy.
The landmark law is predicted to further strengthen the already business-friendly climate in the country.
The law is going to take a prominent spot in the upcoming global FDI discussions at the Annual Investment Meeting 2019 in Dubai happening from 8th to 10th April, 2019. High-level representatives from the country are expected to present the key provisions of the law before a global audience alongside other factors that make the Emirate a preferred FDI destination in the Arab region.
"Attracting international investments is critical to the sustainable development of any country, and in the case of the UAE, to its economic diversification strategy. Higher FDI results in more job opportunities and stronger international ties and can lead to the faster realisation of the objectives of both UAE Vision 2021 and UN Sustainable Development Goals 2030," Dawood Al Shezawi, CEO of Annual Investment Organising Committee, said.
Source: Emirates News Agency