UAE government announced that foreign cumulative investment of more than USD 100 billion in 2014 rose to USD$111 billion in 2015, according to the results of the economic indicators that chart the nation’s accomplishments in foreign investment, innovation and entrepreneurship, development, competitiveness and the per capita gross national product (GNP), which reflect the UAE 2021 Vision to become among the best countries in the world during its 50th anniversary.
The ratio of net foreign direct investment is based on the annual report of UNCTAD. The indicator rose from 2.66% in 2014 to 2.96% in 2015.
The competitiveness indicator is published on an annual basis as part of the Economic Forum Report and covers 138 countries. UAE topped Arab countries in the 2016-2017 report, and moved from 17th in 2015 to 16th in 2016.
Competitiveness indicator is measured based on the following factors: institutions, infrastructure, economy environment, health, primary education, higher education, training, efficiency of commodities’ market, development of financial market, technical readiness, market size, business development and innovation.
UAE also occupied an advanced position among 15 countries throughout the world in 5 out of the 10 indicators covered by the reports: the first position in ease of paying taxes, fourth in the ease of obtaining construction permits and ease of connecting electricity, ninth in the protection of minor investors and eleventh in the ease of registration of properties.
As for Global Entrepreneurship Index, UAE progressed from 20 to 19 in 2015-2016 – the index measures the way “citizens view businessmen and projects organization in addition to pioneering activity, abilities and ambitions.”
Asharq Al-Awsat
11 January
