The UAE ranked first in the MENA region and 3rd in the world among the best countries in doing business and commercial investment for non-European investors, as it enjoys the best regulatory legislation and an ideal location in the heart of the Middle East, according to the latest classification issued by the "CIO World" magazine.
The European countries dominated the top ranks, with 9 countries in the first 20 ranks, and Denmark topped the world ranking, followed by Norway in second place, while Sweden ranked fourth, after the UAE, and Spain in fifth place.
The UAE has made great steps in attracting investment and is now in an excellent position to expand its business with non-European investors. The UAE scored 9.7 points in the criteria for openness to business and legal and social integration, while it obtained 9.5 points in the efficiency of skilled labor and the economic environment that attracts non-European investments, and it also scored 9.5 points in the quality of life standard. The magazine counted on 17 different factors to classify the 155 countries, including openness to business, cost of projects, skilled labor, quality of life, economic climate, innovation and technology, personal, commercial and monetary freedom, anti-corruption efforts, infrastructure, and market size.
Source (Al Khaleej Newspaper-UAE, Edited)
