In recent years, United Arab Emirates has experienced a new boom after having the first one at the time of oil discovery in its territories. The new boom is represented by the remarkable economic growth that affected the pan-economic sectors of the country and helped to set up free zones in the different emirates.
The geographic nature of the state has significantly contributed in enhancing the state’s economy in terms of entry and exit, and this naturally encouraged the re-export process and boosted the position of some of emirates, which are now considered as a transit route for various goods, and this has activated the navy and air ports in the country as well as it has encouraged many international companies to take Emirates as a regional base, raising the proportion of the issuance of professional or business licenses.
During the past years, the UAE turned into a very fertile and collective environment in various investment sectors and was able to give an added value for the local and international investments that it hosted due to the country’s political stability, legislative economic well-developed environment, strong logistic infrastructure, distinct geographical location, as well as the adoption of electronic smart management services and the disposal of routine administrative methods, the thing that facilitate and speed up the procedures for investors.
The success of the UAE in winning the global bid to host the World Expo 2020 has increased the factors of attraction of the state to magnetize foreign direct investment (FDI), especially that the UAE is considered as a model of the attractive environment for FDI in light of the large advancement that has been achieved in the area of attracting investments using the above mentioned factors of attraction.
All these factors besides the safe-haven investment that provides a relatively high level of economic security and lucrative opportunities in the region make the UAE the best investment climate in the world that motivates the investors to take decisions of residence and investment in the country over the next years
UAE Economy at a Glance