The "50 Projects" establishes a new cycle of attracting foreign investments

UAE.. A global environment for investment and competitive privileges for investors

The announcement of the "50 projects" enhances the state's investment advantages and gives more impetus to internal investments.

archival

The UAE is ideally located between Europe, Asia and Africa, and at the heart of a large and diversified market that includes the largest investments in the economy and international trade lines, as it is an eight-hour flight away from four billion people who make up more than half of the world's population.

The UAE pursues investment policies that have given it a distinguished position globally and made it a destination for foreign direct investments looking for an integrated investment environment and growth opportunities based on its policies based on flexibility and openness to foreign investment, and the search for emerging markets to invest in, where foreign investors and entrepreneurs can establish companies with full ownership. In most sectors in the UAE.

The announcement of the “50 projects” comes at this time, to enhance these investment advantages, give more impetus to internal investments, and attract more foreign investments, as the UAE is witnessing additional new legislative changes and facilities, in support of investments, with the change of a set of laws and the provision of more Advantages for investors, in addition to a global media development campaign to consolidate the UAE's position among the world's successful economies, in the context of consolidating the country's reputation as an attractive country for global investments.

With the allocation of 58 billion dirhams within the general budget of the Union in 2021 as expenditures in order to complete vital national projects and create a legislative environment conducive to growth and economic prosperity, the UAE enjoys great economic stability and a promising investment environment, due to its strategic location, strong financial reserves, and large sovereign wealth funds. Strong and continuous government spending, in addition to providing energy at competitive prices.

Incoming foreign direct investments to the UAE achieved a growth of 44.2% during the past year 2020, compared to 2019, reaching $19.88 billion, despite the repercussions of the “Covid-19” pandemic that affected the volume of investment, trade and world economies, and the cumulative balance of investment flows increased Foreign direct incoming to about 174 billion dollars, achieving a growth of 12.9% during the same period.

The balance of foreign direct investments incoming to the UAE until the beginning of 2020 was distributed according to the continents, according to their size, as follows: Asia, from which the largest proportion of investments came, then Europe, followed by North America, then Africa. At the level of countries, the United Kingdom and Northern Ireland came at the forefront of countries, followed by India, third, China, British Virgin Islands, Saudi Arabia fifth, Switzerland, France, Holland, America and Japan.

As for the sectors in which the balance of direct investments received by the state is distributed until the beginning of 2020, wholesale and retail trade and vehicles came in the first place, real estate activities ranked second, while financial and insurance activities ranked third, mining and quarrying ranked fourth, then industry. Transformation ranked fifth, followed by the construction sector, then professional, scientific and technical activities, then the sectors of electricity, gas and air conditioning supply, transportation and storage, then information and communications.

The UAE encourages inward foreign direct investment by creating an encouraging business environment with global competitiveness that possesses all the elements of attraction and empowerment, and working to develop and promote investment opportunities and capabilities to increase the volume of foreign investments, and attract them from specific countries and in specific sectors, in order to ensure their sustainability and achieve an added value to the economy. the National.

The UAE adopts a future perspective in which the UAE economy will be a global economy based on knowledge and innovation, led by highly qualified national competencies, skills and expertise, and enjoy the highest standards of excellence and competitiveness to attract the best investments from all over the world, within an approach based on enabling and consolidating the economic system of the UAE and expanding its horizons. And move it to unprecedented levels, to be the fastest growing and developing in the region, the most stable and sustainable, the most flexible and attractive, locally, regionally and internationally, so that the national economy is in the ranks of the major economies with influence in the world, through the activation of plans, policies, incentives and legislation to create an economic environment Attracting investments, so that economic diversification is one of the most important pillars of the productive economic system, and the backbone of its national strategy within the UAE Centennial 2071.

Since the establishment of its union 50 years ago, the UAE has been distinguished as the country that opens the way for investors to enter regional markets, and has always been a major regional and international destination for foreign investment, thanks to the endless opportunities it provides to investors in various sectors, and thanks to its active, prosperous and attractive business environment for foreign investments. Direct has all the ingredients for sustainability, and it relies on the most effective and flexible legislative and legal system in the region.

The "fifty projects" contribute to achieving qualitative leaps for the national economy, which is a top national priority for the UAE government, and the main factor to ensure a decent life for its people and future generations. The projects target all members of society, both citizens and residents, and the public and private sectors. investment in the United Arab Emirates, and it will attract more foreign investments, during the next few years, thanks to projects and initiatives.

The "50 projects" cover a number of vital sectors, including economy, entrepreneurship, investment, advanced skills, digital economy, space and advanced technology, among others.

The infrastructure and economic sector in the country received 4.5 billion dirhams from the 2021 budget, and the UAE advanced five ranks in the infrastructure axis, and ranked 28th globally in the World Competitiveness Yearbook 2020 report issued by the Global Competitiveness Center of the International Institute for Management Development, in Lausanne. Swiss.

The UAE ranked third globally, and first regionally, in the strength of investment in infrastructure projects and investment in facilities facilities over the past years, as part of the Infrastructure Index 2020.

status

The UAE ranked first in the Arab world and 15th globally in the Kearney FDI Confidence Index for the current year 2021, advancing four places compared to last year 2020, and thus outperforming a number of major global economies.

According to the Global Foreign Direct Investment Report 2021 (UNCTAD), the UAE ranked first in the Arab world and 15th globally in terms of its ability to attract foreign direct investment, according to the results of the World Foreign Direct Investment Report 2021 issued by the United Nations Conference on Trade and Development (UNCTAD). Which monitors the results of foreign direct investment for the year 2020 in the countries of the world compared to 2019.

full ownership

Foreign direct investment in the UAE is subject to Federal Decree-Law No. (19) of 2018 regarding foreign direct investment, which aims to enhance the investment environment, promote attracting foreign investment to the UAE, expand and diversify the production base, transfer and attract advanced technology, knowledge and development.

In 2021, the country witnessed a major step in developing the investment environment, as it allowed 100% foreign ownership of companies in most sectors.

The Foreign Direct Investment Law allows foreign companies direct ownership of up to 100% in certain sectors included in the “list of positive sectors” for the foreign investor.

Allocating 58 billion dirhams within the Union’s budget as expenses in order to complete vital national projects.

Incoming foreign direct investments to the UAE achieved a growth of 44.2% during the past year 2020.

Follow our latest local and sports news and the latest political and economic developments via Google news