UAE grabs 1st position in middle east in growth potential – Reports

The United Arab Emirates has grabbed the first position among all the countries in the Middle East and North Africa and has been placed 12th in the world in terms of growth potential, as per a recent study.

The United Arab Emirates has grabbed the first position among all the countries in the Middle East and North Africa and has been placed 12th in the world in terms of growth potential, as per a recent study.

The survey conducted by Frost & Sullivans, an American consulting firm, observed the best available growth opportunities in the coming future in different nations in the world, as per criteria related in their entirety to the potential given by the government of every nation for growth in the ground, like policies which strive to facilitate trade and lure more foreign direct investment.

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The United States grabbed the first position in the study, followed by Norway, and the third position was taken by the United Kingdom.

As per the UNCTAD World Investment Report 2022, the value of FDI inflows in the UAE acquired a growth rate of 4%. The total inflows of foreign direct investment in 2021

The total inflows of foreign investment in 2021 amounted to $20.7 billion (Dh76 billion), compared to $19.884 billion (Dh73.04 billion) in 2020, in spite of the repercussions of the Covid-19 pandemic that has cast a shade on the volume of investment, trade and world economies.

The FDI inflow’s cumulative value rose, amounting to around $171.6 billion. The UAE has signed 106 agreements with its trading partners to safeguard and encourage investments.

The United Arab Emirates was placed 1st in the West Asia region regarding Foreign Direct Investment (FDI), accounting for 37% of the total inflow to the Emirates, which is valued at $55.5 billion.

The UAE ranked first in the Mena region regarding Foreign Direct Investment (FDI), accounting for 31% percent of the total FDI inflow to the area, which amounted to $66.6 billion.

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Tariq Saeed

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