The UAE has once again proven its position as a global economic leader, ranking as the top emerging market across the Middle East and North Africa region and third globally in Kearney’s 2023 FDICI. This is an impressive achievement for the UAE, given that it faces stiff competition from the likes of China and India, two of the world's fastest-growing economies.
The FDICI ranking provides valuable insights into emerging markets that are most appealing to investors, highlighting the UAE's position as a business-friendly destination. The country's policies and initiatives are continuously attracting investors, and the exclusive ranking for emerging markets included in this year's FDICI further solidifies the UAE's position as a key player in the global economic arena.
Other Middle East economies that feature in the top 25 emerging markets include Qatar, Saudi Arabia, Egypt, Turkey, and Morocco. These countries have made significant strides in creating favourable business environments and attracting foreign investment, but the UAE's ranking as the top emerging market in the region is a testament to its visionary leadership and strong economic policies.
The launch of the Dubai Economic Agenda (D33) is a clear indication of the UAE's commitment to economic growth and innovation. The $8.7 trillion economic plan aims to boost trade and investment, as well as promote the UAE's status as a global hub. The D33 strategy's ultimate goal is to catapult Dubai into the world's top cities by economic strength in the next decade.
One of the notable aspects of the D33 strategy is the programme to help 30 private companies achieve unicorn status - companies worth more than $1 billion. This is an excellent opportunity for these companies to access the necessary resources and support to expand their operations and contribute to the UAE's economic growth.
The UAE's vision for economic growth and diversification has made it an exceptionally attractive destination for investors. The country's resilience and commitment to creating a business-friendly environment have paid off, even amidst the challenges of the past year. The FDICI ranking is a clear indication that the UAE remains a top destination for investment, and its economic policies and initiatives are attracting investors from around the world.
In conclusion, the UAE's ranking as the top emerging market in the MENA region and third globally is a testament to its visionary leadership and strong economic policies. The launch of the D33 strategy and its commitment to economic growth and diversification solidify the UAE's position as a global economic leader. The country's business-friendly environment and policies will continue to attract investors, and the future looks bright for the UAE's economic growth and development.
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