The UAE has stirred up to become the world’s 11th most sought-after foreign direct in-vestment destination, emphasizing the growing
worldwide investor buoyancy in the Arab world’s second largest economy.
The enhanced ranking, up from the 14th place in 2013, comes close on the heels of a prestigious tribute that ranked the UAE as number one in the world for its most competent government, the strongest decision-making process and the lightest administration.
In the extensively renowned Foreign Direct Investment Confidence Index 2014 issued that the UAE is the lone country from the Middle East to figure in the top 25 attractive FDI destinations in the world.
The UAE has risen progressively in the index since 2012 after a minor drop in confidence experienced after the worldwide financial crisis a few years ago.
The UAE’s traditional strengths of intense strategic location, infrastructure, talent vase and ease of doing business offer international investors effortless access to many of the world’s fastest-growing markets.
Dubai acquiring Expo 2020 and Abu Dhabi’s 2030 plan being concrete examples of worth proposition the country has presented to international industrial and investment societies. Constant progression of this strategy could see the UAE progress even further on its upward trend in international confidence.
The UAE is also placed 19th overall on the Global Competitiveness Index out of 148 countries by World Economic Forum’s Global Competitiveness report.
The United Nations Conference on Trade and Development forecasts that international FDI flows, which rose 11% to $1.46 trillion in 2013, will go up increasingly in 2014 and 2015, to $1.6 trillion and $1.8 trillion correspondingly, as international economic development expands momentum which may punctual investors to twist their cash holdings into new investments.