The UAE ranked first in the Middle East, and 15th in the world, on the Foreign Direct Investment Confidence Index for 2021, 4 ranks higher than last year's classification issued by the American consulting firm Kearney.
The UAE rating reflects the positive sentiment among investors, based on the government's strong commitment to economic diversification, innovation, infrastructure, and ease of doing business. While the United States topped the ranking, followed by Canada in second place, then Germany in third, the United Kingdom in fourth place, and Japan in the fifth place.
The report showed that the remarkable rise in the UAE's ranking in this world’s index was a result of its advanced technological infrastructure, high levels of innovation, as well as its effective response to the "Covid-19" pandemic. The UAE was the first country to approve "Covid-19" vaccines last December, and it embarked on a very ambitious campaign to vaccinate all of its residents by the end of 2021. All these efforts would enhance the economic and investment prospects in the country further.
It is noteworthy that the Foreign Direct Investment Confidence Index is an annual survey issued by Kearney that includes global business managers and assesses the markets that are likely to attract the most investment in the next three years. It also provides a unique forward-looking analysis of the markets that investors intend to target in the coming years.
Source (Al Khaleej Newspaper-UAE, Edited)
