If you think it’s hot now, you’re in for a rude awakeningMay 25, 2015 9:00
UAE’s obstacles to attracting investment
Can you guess what they are? You can probably name a few, but we’d be mighty impressed if you listed 14. Yes, apparently there are 14.
January 12, 2011 1:43 by Samuel Potter
Plus, the UAE has been the best of a bad bunch, really. Think about it, in this region, where would you invest your cash up until now? The stable, peaceful, relatively liberal UAE, which has invested heavily in infrastructure and worked hard to become a hub for the whole region, or one of its less liberal, less stable neighbours?
But things are changing, and with the downturn and a general slowdown in the UAE economy’s growth greedy investors are looking elsewhere. And they don’t have far to look – perhaps inspired by the UAE’s rapid development or driven by the growing populations, countries across the Middle East are getting their acts together and are beginning to look far more appealing. If the UAE wants to compete, it should begin to address these 14 concerns.
Just so you’re clued up, here are some numbers: The UAE is the most attractive destination for foreign direct investment (FDI) in the region after Saudi. FDI in 2008 was around $13.7 billion, but in 2009 it plunged to $4 billion. Despite this, and the vast amounts of capital exported from the UAE, the country remains a net capital importer, with a total net surplus position of $19.9 billion over its history.
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