{"id":11241,"date":"2021-04-04T10:32:54","date_gmt":"2021-04-04T06:32:54","guid":{"rendered":"https:\/\/pressreleasenetwork.com\/site\/?p=11241"},"modified":"2021-04-04T10:33:01","modified_gmt":"2021-04-04T06:33:01","slug":"the-uae-ranks-first-regionally-15th-globally-in-kearneys-2021-fdi-confidence-index","status":"publish","type":"post","link":"https:\/\/pressreleasenetwork.com\/site\/2021\/04\/04\/the-uae-ranks-first-regionally-15th-globally-in-kearneys-2021-fdi-confidence-index\/","title":{"rendered":"The UAE Ranks First Regionally, 15th Globally In Kearney\u2019s 2021 FDI Confidence\u00ae Index"},"content":{"rendered":"\n

The United Arab Emirates (UAE) ranks 15th<\/sup> globally in Kearney\u2019s 2021 Foreign Direct Investment (FDI) Confidence Index<\/a>, up from 19th<\/sup>place in 2020. The UAE business environment demonstrates continued strengths in factors most important to investors, including government incentives for investors. The country\u2019s strong enabling environment, featuring advanced technological infrastructure and high innovation levels, is also central to its FDI attractiveness. The UAE is one of only five countries globally that achieved a higher ranking this year in an increasingly competitive global FDI attraction environment.<\/p>\n\n\n\n

According to the new report from the global strategy and management consulting firm, investors say they are more cautious regarding FDI globally as they gear up for a long-haul economic recovery.The ranking reveals a significant fall in overall optimism about the global economy since pre- and early-pandemic levels last year; however, investor optimism about the Middle East & North Africa generally remained stable. Optimism levels regarding the economic outlook for the UAE scored higher in relative terms than those documented last year, placing it among the top5 countries in terms of net optimism.<\/p>\n\n\n\n

\u201cThe UAE\u2019s striking rise in the rankings again this year speaks to the power of consistency and momentum. Specifically, the score is likely related to its continued investment in advanced technological infrastructure, high levels of innovation, and to the intensity and discipline of its response to the pandemic,\u201d says Rudolph Lohmeyer, Partner, National Transformations Institute, Kearney Middle East.<\/strong> \u201cThe UAE was among the first countries to approve a COVID-19 vaccine, andit has embarked on an extremely ambitious campaign to vaccinate its whole population by the end of 2021.Behind only Israel and the Seychelles, the UAE has vaccinated the highest portion of their population (per 100 people), which can be expected to boost economic and investment prospects further. In addition, the UAE continued to engage beyond its borders this year \u2013 with the signing of the Abraham Accords in August signaling the UAE\u2019s commitment to regional stability and economic integration. Expo 2020, which was postponed to October 2021, should further contribute to the resurgence in tourism, including from Israel, in the latter part of the year.\u201d<\/p>\n\n\n\n

Commenting on the 2021 FDI Confidence Index,Paul A. Laudicina<\/a>, founder of the index and Kearney\u2019s Global Business Policy Council<\/a> says:\u201cA year into the pandemic and its severe disruption to the global economy, investors understandably appear chastened. In last year\u2019s survey,investors displayed a strong level of optimism about the global economy and their investment outlook, and many were caught flat-footed by the COVID-19 disruption that brought the world to an economic standstill.\u201d<\/p>\n\n\n\n

This year\u2019s rankings point to continued apprehension and uncertainty about how quickly the global economy will recover post-COVID. In addition to the fall in confidence about the economy, most of the overall scores for the top-25 countries have fallen compared with previous years. Only 57 percent of investors are optimistic about the three-year global economic outlook, which is much lower than the corresponding figure last year of 72 percent(prior to and at the onset of the pandemic).<\/p>\n\n\n\n

Reflecting investors\u2019 increased caution this year, developed economies account for the lion\u2019s share of the top-25 list for two primary reasons. \u201cFirst, established markets represent more safety and stability to business leaders whose strategies and bottom lines have been shaken by the pandemic,\u201d said Erik Peterson<\/a>, managing director of the Global Business Policy Council and co-author of the study. \u201cAnd, second, investors continue to prioritize destinations with strong infrastructure, strong governance, investment in technology and innovation, and macroeconomic stability\u2014natural strengths of most developed markets.\u201d<\/p>\n\n\n\n

Only three emerging markets are on this year\u2019s Index: China, the United Arab Emirates, and Brazil. China remains the highest-ranked emerging market, a distinction the country has held consistently since 1999. However, concern over escalating US\u2013China trade tensions and a more general corporate rethink of international supply chains could explain its drop to 12th<\/sup>place.<\/p>\n\n\n\n

\u201cBeyond these findings, the biggest risk that international investors will continue to face will be the pandemic itself,\u201d Peterson adds. \u201cOvercoming COVID-19 will be key to global economic recovery and the improvement in FDI flows as the two go hand in hand. And economic growth in the near term will be determined in large part by the duration of the global pandemic, the effectiveness of fiscal and monetary responses, and the success of vaccination efforts.\u201d<\/p>\n\n\n\n

Laudicina adds, \u201cDespite persistent macroeconomic challenges, investors continue to perceive FDI as vital to corporate profitability and competitiveness over the next three years. And even with investors\u2019 increased caution this year, the FDI plunge in 2020 will likely not become a permanent feature of the global economy.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The United Arab Emirates (UAE) ranks 15th globally in Kearney\u2019s 2021 Foreign Direct Investment (FDI) Confidence Index, up from 19thplace in 2020. The UAE business environment demonstrates continued strengths in factors most important to investors, including government incentives for investors. The country\u2019s strong enabling environment, featuring advanced technological infrastructure and high innovation levels, is also central […]<\/p>\n","protected":false},"author":1,"featured_media":11242,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-11241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/11241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/comments?post=11241"}],"version-history":[{"count":1,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/11241\/revisions"}],"predecessor-version":[{"id":11243,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/11241\/revisions\/11243"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/media\/11242"}],"wp:attachment":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/media?parent=11241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/categories?post=11241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/tags?post=11241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}