UAE is a key regional investment hub: Al Sarkal

  • Sunday 16, June 2019 08:23 PM
  • UAE is a key regional investment hub: Al Sarkal
Sharjah24: The UAE climbed three positions to rank 27th globally in attracting FDI flows in 2018, according to the United Nations Conference on Trade and Development's World Investment Report 2019, three positions up from its 2017's classification by UNCTAD.
Commenting on the new ranking, Marwan bin Jassim Al Sarkal, Executive Chairman of Shurooq noted that the UAE has become an “obvious choice” for foreign investors across sectors.
“The fact that our economic diversification efforts are the best in the region and are setting a global example, has been reinforced by the United Nations Conference on Trade and Development's World Investment Report 2019. Despite a consecutive third year annual decline in global FDI percentages, the UAE’s numbers continue to be strong, which is a solid reflection of investor confidence in our great nation,” he added

Shurooq chairman also noted that the UAE and Sharjah have established a great balance in matching internal market requirements with investor expectations. “We have introduced laws and regulations to support and protect foreign investors, kept competition healthy, introduced free zones to offer a level playing field to smaller businesses, readily involved ourselves with seemingly ‘higher-risk’ enterprises like start-ups and venture capitalists, and really embraced technology in doing business. This has ensured our economy’s chief goals of innovation and sustainability have been met, always,” he said.

He concluded, “All these qualities and more contribute to growing the UAE’s importance as a key regional investment hub. As the UAE continues strategic efforts to improve global ratings to be among the top choices for foreign investors in coming years, the, UNCTAD Report has come at an opportune time. This is a proud moment for our leadership.’