The new decisions reflect the sharp insight of our leadership, led by President H.H. Sheikh Khalifa bin Zayed Al Nahyan, and cater for market needs. They also highlight the approach that our wise government, led by H.H. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister, and Ruler of Dubai, adopts to introduce new channels to stimulate economic growth and grease the wheels of economic and sustainable development, driven by skilled and qualified human resources and specialized experts from different sectors.
Unarguably, these decisions contribute to enhancing the competitiveness of the national economy, thus making it more attractive to global businesses and investors by offering them further incentives, attracting more foreign investment, and offering more assurances to investors.
Enhancing the investment climate and boosting investor confidence in the economy will have a great impact on the realization of the UAE Vision 2021; they will increase foreign investment’s contribution to the GDP and will be instrumental in supporting the efforts to achieve a high ease of doing business ranking, thus adding momentum to all sectors, including the banking and real estate sectors.
The UAE has unique elements. It pursues an open economy policy, has an advanced infrastructure and free zones that facilitate investment, offers facilities to foreign investors, and occupies a strategic geographic location, connecting East and West.
Of course, these decisions will emphasize economic and social stability and will result in a new wave of investment inflows, making investors abroad think of the UAE first as a safe haven for their funds and assets. Thus, the UAE will become a hub for foreign investment, will increase its competitiveness, and will dominate the economic and investment landscapes, especially when bearing in mind that a considerable percentage of the world’s largest 500 businesses are based in the UAE.