Report: Business leaders in the country believe that "strategies of integration" will play a decisive role within 3 years

92% of CEOs in the UAE are confident of growth opportunities

Investors' perception of the local market has improved a lot thanks to government updates.

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The UAE CEO Insights Report 2021, prepared by KPMG, showed that 92% of CEOs in the country are confident in the growth opportunities currently available, compared to 82% of their counterparts around the world, while 88% of local business leaders indicated to their optimism about the growth of their companies.

The report found that business leaders in the UAE believe that inorganic growth strategies (based on consolidation) will play a critical role in developing their businesses over the next three years.

According to a statement issued yesterday, seven out of 10 CEOs (about 68%) indicated that they would focus primarily on mergers and acquisitions (36%), strategic alliances with third parties (20%) and joint ventures (12%) to achieve growth.

Moreover, partnerships and collaboration between different sectors will be important factors to stimulate digital innovation.

The positive future aspirations are attributed to the effective response strategy to the “Covid-19” pandemic, which was adopted by the UAE by imposing preventive measures and emphasizing the importance of the vaccination program, in addition to the efforts to spread awareness and the incentive measures taken by the government, as these measures contributed to enabling the country to overcome the crisis.

As a result, investors' perception of the local market has improved a lot thanks to the recent updates made by the government, including new and long-term visas.

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