UAE is most stable Arab nation
the years, the UAE has built an island of opportunities through developing a range of growth sectors such as airlines, trade, hospitality, financial services, real estate, construction, logistics, among others,” Khan said.
“The rapid progress in these sectors not only enabled the country to attract global talents, it also proved successful in putting a brake on young Arab brains migrating to other countries in search for better opportunities,” he added.
“The UAE government is continuously adopting forward-looking changes to make the environment even more stable and sustainable for the expat population to thrive in this country. With Expo 2020 Dubai, a year away we will see the current infrastructure with new changes resulting in a bigger population calling the UAE as their home,” Khan added.
Billy FitzHerbert, regional editor for the Middle East at Oxford Business Group, said economic stability and growth in the UAE continues to be underpinned by a strong regulatory framework, good doing-business indicators and an environment conducive to foreign investment.
“Higher oil prices in 2019 will provide a firm footing from which the government can continue the progress made in recent years to diversify the economy, with strategic investments set to continue in nascent as well as long established sectors such as technology and financial services,” he said.
“Looking ahead, the Expo 2020 Dubai will provide the opportunity to showcase many of these developments, with the main challenge there being to ensure that the various infrastructure developments being rolled out in preparation for the event continue to feed into economic growth after 2020,” said FitzHerbert.
When it comes to investing in the UAE to enjoy good returns in the region’s safest country, Issam Kassabieh, senior financial analyst, Menacorp, believes that there is a variety of investment vehicles here in the UAE that suit different investor preferences whether it is risk appetite, religious etc.
“There is a developing regulatory frame work that aims to protect investors and help them generate higher returns from their investments as well,” he said.
Moreover, global travel portal Far & Wide has also advised travellers to explore the UAE as it is extremely safe, with some of the strictest laws to keep crime to a minimum.