Monday, June 27, 2022
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What are the top challenges facing the growth of FDI in the UAE and how can they be overcome?

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Source : Arabian Business

Remaining at the forefront of business-friendly reforms is critical for sustaining strong FDI performance, experts told Arabian Business.

With more than 50 percent of all of Dubai’s announced FDI projects classified as greenfield FDI, the emirate has consolidated its status as a smart and sustainable city of the future, a gateway to regional growth markets, and a leading global business hub in 2020, but there are still certain challenges that need to be overcome, experts told Arabian Business.

Dubai achieved the top ranking in the world in attracting foreign direct investment (FDI) during 2021, with a record number of 418 greenfield FDI projects. However, challenges rising from an unprecedented health pandemic, geopolitical conflicts, disruptions in value chains, and bank financing, among others need to be addressed to maintain sustainable investments.

“While we take pride in Dubai’s achievements as a leading FDI Global City of the Future 2021/2022, we also take inspiration from the hundreds of investors that choose to invest in Dubai to grow their future business sustainably, despite the unprecedented global challenges of 2020,” Mohammed Shaheen, the CEO of Seven Capitals, said.

 

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