UN names UAE in top 20 of investment friendly destinations
UAE named the 13th Most Promising Home Economy for Investment in 2017-19 according to a survey conducted by the United Nations Council for Trade and Development (UNCTAD)
The UAE has been named the 13th Most Promising Home Economy for Investment in 2017-19 according to a survey conducted by the United Nations Council for Trade and Development (UNCTAD) and Investment Promotion Agency (IPA) Observer.
The ranking, published in the UNCTAD’s recently released annual World Investment Report (WIR) 2017, reflects the UAE’s liberal and investment-friendly business policies as the country also moves up in the World Bank’s Doing Business ranking for 2018 to 21.
According to the World Investment Report 2017, global investment flow declined 2% to US$1.75 trillion in 2016.
“Flows to developing economies reached $646 billion in 2016, UNCTAD report shows. The flow of outward investment from developing economies registered a 1 per cent decline to $383 billion, despite a surge of outflows from China, now the second largest investing country in the world,” said the World Investment Report 2017.
“A modest recovery in global FDI flows is forecast for 2017, although flows are expected to remain well below their peak of 2007. A combined upturn of economic growth in major regions and improved corporate profits will boost business confidence, and consequently MNEs’ appetite to invest.”
The UAEIIC takes firm steps to be the voice of the UAE to invest abroad, as it represents a national umbrella of great importance for the development of national investments issued in view of its role in communication and coordination with government agencies to support, protect, promote and expand the interests and objectives of UAE investors abroad and in the interest of the national economy, according to Jamal Al Jarwan, Secretary-General of the UAEIIC.
“The current global economic situation offers a greater opportunity for international investors when asset prices become very attractive making acquisition less costly and help investors attain a higher and faster return on investment,” l Jarwan said.
