AIM

Investment flows to UAE expected to go up by 20 percent in 2019 due to new FDI law

April 7, 2019 UAE Business 0
  • Country’s non-oil GDP forecasted to grow 3.4 per cent this year
  • High-level UAE representatives to tackle new law at Annual Investment Meeting 2019  

The UAE Government’s enactment of the foreign direct investment (FDI) law in 2018 is seen to help accelerate FDI flows by up to 20 percent this year, from the eight percent average growth rate, as per the recent estimates of the Ministry of Economy. The landmark law is predicted to further strengthen the already business-friendly climate in the country. Read more

Dubai

Dubai ranks first globally in attracting foreign direct investments (FDI) for artificial intelligence and robotics

March 17, 2019 UAE Business 0

  • The emirate has attracted from 2015 to 2018 $21.6 billion worth of FDI in high-end technology transfers with the most from the European Union and the U.S. — $5.7 billion and $3.9 billion, respectively
  • Annual Investment Meeting (AIM 2019) to highlight strategies and mechanisms for enhancing tech solutions to draw FDIs

Dubai ranked first globally in attracting foreign direct investments (FDIs) for artificial intelligence and robotics; while the UAE ranked sixth in the global Smart Service Index, surpassing the US, UK and South Korea. The Emirate has attracted from 2015 to 2018 $21.6 billion worth of FDI in high-end technology transfers, with the most from the European Union and the U.S. — $5.7 billion and $3.9 billion, respectively. Read more

Abdullah Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade

With US $70 billion non-oil trade with UAE by 2020. China looking to expand its investment through participation in Annual Investment Meeting

January 31, 2019 UAE Business 0

The United Arab Emirates has managed to achieve a qualitative leap in its economy during the recent years due to the adoption of forward-looking strategy and in anticipation of strategic plans for the future. This move has strengthened UAE’s position on the map of world economy. Read more