The UAE ranked 19th globally in the confidence index in foreign direct investment 2020 issued by the company «Kearney», up from the 21st position achieved in the last version of the index in 2017. The UAE’s rating reflects the positive feeling among investors based on the strong government commitment with diversification, innovation, infrastructure, ease of doing business, and more.
According to the index, positive government policies implemented in 2019, such as the approval of foreign ownership, contributed 100% in 13 economic sectors, including manufacturing, agriculture, and renewable energy, as well as strong activity in the technology sector, which ranks next after Uber American to share vehicles that acquired the "Karim Networks" service to book cars online, for $3.1 billion. This has made the UAE one of the most attractive foreign destinations for FDI in the world. According to the confidence in foreign direct investment index, global foreign direct investment will decrease in the next year as a result of the Coronavirus (Covid-19) pandemic, while the nature of the economic recovery and the timetable for it are still highly uncertain.
Source (Al-Khaleej Newspaper-UAE, Edited)
