The UAE ranked first in the Arab world and third internationally in terms of achieving the highest growth rates for investment, while Russia came in fifth place globally.
A study by Global “American Express” about the Global Business Trends and Global Expenditure of 2018 showed that China topped the list of countries with the highest growth rates of investment in the world by 90 percent, followed by Japan by 87 percent, then the UAE by 84 percent, Saudi Arabia by 83 percent, followed by Russia by 80 percent.
The study indicated that senior financial and executive officials in the Middle East were highly confident in the prospects for economic growth in 2018 where the vast majority of officials surveyed predicted that their countries would experience economic growth.
According to the study, this positive climate indicates companies' readiness to grow, where nearly three quarters of the region's financial officials (74%) plan to increase their spending and investment levels by 6% or more, while 73% plan for moderate spending and investment.