HONG KONG: The UAE has become an attractive and safe destination for global investment due to its ease of doing business, cultural diversity, safety, and stability. Investors and entrepreneurs are encouraged to live and work in the country, benefiting from its business-friendly environment.
During a session on Middle East and North Africa markets, held on the sidelines of the second day of the 9th Belt and Road Summit in Hong Kong, which highlighted Abu Dhabi’s strategic role in the Belt and Road Initiative as a gateway to the Middle East and beyond, Mansoor Al Marar, Vice President, Industrial Business Development at Khalifa Economic Zones Abu Dhabi (KEZAD Group), highlighted the UAE’s commitment to diversifying income sources and investing in various sectors beyond oil and gas.
The UAE boasts world-class infrastructure that supports the growth of industries, especially in maritime transport. The country operates over 300 ships that connect the East and West through efficient routes. Additionally, the UAE’s extensive logistics network spans across more than 40 countries, making it a reliable partner for international companies in transporting goods and services.
Abu Dhabi has developed integrated industrial zones, covering 550 square kilometres and supporting more than 3,000 industrial projects. These zones are equipped with cutting-edge infrastructure, allowing companies to thrive. A digital platform has also been created to ease global trade and connect markets.
The UAE’s “Operation 300bn” is a key initiative aiming to boost the industrial sector and raise its contribution to the economy by 2031. This project is a major part of the country’s plan to expand its non-oil sectors.
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Investors are drawn to the UAE due to its flexible business environment, offering more than 1,000 business activities and favourable trade agreements. The UAE’s economic partnerships with several countries provide significant benefits, such as reduced or no customs duties. The UAE remains committed to supporting investor growth and providing the tools needed to achieve their goals.
