Why Abu Dhabi? - Reason to Invest
Strong Economic Growth
The United Arab Emirates’ economy is the second-largest, best-managed economy in the Middle East with a Gross Domestic Product (GDP) of $405.771 billion (as of 2019), ticking the appropriate boxes for investors. Here, the government has long been investing heavily in the economy to reduce and diversify the country’s reliance on oil revenue, which continues to play a crucial role in the country’s economy, especially in Abu Dhabi.
Reason To Invest
Abu Dhabi is a very promising market in the Middle East region, which has been showing steady growth and expansion for several years. To attract foreign investors’ attention, the UAE government takes various initiatives every year to keep the country’s economy at top gear. UAE has a liberal policy that encourages foreign investors to invest and participate in mutual growth processes. There are numerous reasons for investing in the country’s economy, including a specially designed plan for modernizing and reforming the economy, innovations in the field of business promotion, and lots more to stimulate local economic growth and development.
Ease of Business
The UAE has continued to lead in the Middle East and Arab region in the 2020 ranking of the World Bank’s Ease of Doing Business with 16th position in the 190 countries world ranking. UAE has been catapulted to the global stage by its long-standing foreign perspective, liberal economic policies, good governance, and willingness to meet the needs of the business community. In an effort to promote competitiveness, the UAE is working on several reforms to achieve its goal of topping the annual ease of doing business ranking by the World Bank in 2021, progressing from the 16th position it currently occupies. It has demonstrated to offer a secure, efficient, and forward-looking network eco-system for increased growth.
Infrastructure
The UAE government has built an adequate infrastructure for the Emirates population in the last 40 years, including electricity, transportation, telecommunications, housing, and hospitals. All of these are largely subsidized. Significant infrastructural development is vital to a country’s long-term economic progress, and in this regard, the Abu Dhabi is becoming more cautiously optimistic for investors. The country places great emphasis on building infrastructure and sees it as the foundation of economic and social growth. Overall, the UAE was ranked 1st regionally and 25th worldwide, keeping its leading position among the world’s competitive economies.
Quality of life
The standard of living and services the Abu Dhabi offers are incomparable. Abu Dhabi is consistently preferred by ex-pats as a country to live because of the outstanding quality of life with modern housing and medical facilities, highly developed infrastructures, and excellent private schools. Most significantly, the trust, stability, and leadership qualities imparted by the country’s government help maintain faith in the country’s long-term future and its capacity to deliver on its ever more ambitious goals. The Abu Dhabi also provides its residents with extensive infrastructure, security and safety, world-class healthcare facilities at an attractive cost, a favorable business climate, and a vibrant job market.
Talent Acquisition
The UAE was ranked highest in the region and 19th in the world among 119 countries in a recently published Global Talent Competitiveness Index in competition for entrepreneurial talent. The UAE has always embraced talent from various regions and is open to other ideas from diverse people across the globe. The country aims to empower and drive local innovation through the development of young local talent and luring international talent with a firm reliance on engineering, science, technology, entrepreneurship, and mathematics. Our top-notch higher-education facilities offer the perfect atmosphere for cultivating promising young talent and leading innovators and the next generation.