eseoulpost
BusinessUAE
UAE tops investment destinations in Middle East, North Africa: Minister of Economy
min  |  min
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
승인 2017.04.03  
트위터 페이스북 미투데이 요즘 네이버 구글 msn
   

ABU DHABI, 2nd April, 2017 (WAM) -- The UAE tops investment destinations in the Middle East and North Africa, MENA, region, Sultan bin Saeed Al Mansouri, Minister of Economy has stated.
Addressing the inaugural session of the Annual Investment Meeting, AIM 2017, which opened in Dubai today, Sultan Al Mansouri highlighted the recently released UNCTAD's Global Investment Report 2016 where, the minister added, the UAE ranked 16th, making the country the most competitive position and the largest investment-attracting nation in the Middle East and North Africa region.
"FDI is a major driver of economic growth and sustainability. The world economy has seen a surge in FDI flows over the past decades, and it is clear that both developed and developing countries are working hard to develop favourable policies and incentives to attract more foreign investments. On a national level, however, we must pay greater attention to the desired outcomes and the potential gains that can be achieved, by developing improved FDI strategies, to increase productivity and enhance national competitiveness," Al Mansouri said.

"In 2015, global FDI inflows increased by about 40 percent to US$1.8 trillion. However, this growth did not indicate to a similar increase in productive capacity in other countries. To accomplish the positive outcomes that can be achieved through FDI, such as job creation, skills and knowledge transfer, nations must create a clear vision and concrete agendas for a more competitive economy," he said.

"In contrast to 2015, FDI inflows in 2016 have shrunk to $1.5 trillion. This decline was more pronounced in emerging markets than in developed economies. As a result, emerging markets face increasing challenges to attract global FDI. To succeed in our efforts, decision-makers in emerging markets must recognise the different motivations and incentives of foreign investments in various sectors, which require a mix of differentiated policies to maximise the potential benefits of FDI," Al Mansouri added.

The minister continued, "According to the ambitious economic policies adopted by the UAE and expressed by the 2021 vision of the UAE to build a competitive economy based on knowledge and innovation, the UAE has become a regional and global centre for investment and business, as well as a source of huge investment flows to a large number of countries in the world."

"This competitive position has not been achieved by chance, but instead through determination and hard work. Achieving it also required a clear vision of leadership, strategies, teams, performance indicators, continuous follow-up, learning and benefiting from the experiences of other countries, and through interaction and cooperation of the private sector in building sustainable partnerships. This is what makes the UAE the second largest Arab economy and the most diversified economy in the region," he said.
The minister emphasised the need to continue to create innovative ideas and to always manufacture solutions for challenges in order to witness sustainable economic growth.
"Today, the world is highly interconnected and affected by any changes happening in any part of the world. Therefore, causing some societies to stand still and feel unable to cope with these rapid changes. Thus, collective and collaborative efforts between governments and private sectors are essential to overcome the challenges and to build a secure, stable and prosperous future for the citizens of the world to live in," he said.
"Economic openness and free markets have been an incentive for the growth of economies. Trade protectionism policies have always served short-term objectives, but their long-term implications are negative. Today, we meet to emphasise that FDI has always been a contributing factor in the development of the economies of receiving and exporting countries and that protectionist policies would only undermine the growth of investments and would negatively impact the prosperity of the global economy," Al Mansouri concluded.

< 저작권자 © eseoulpost 무단전재 및 재배포금지 >
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
트위터 페이스북 미투데이 요즘 네이버 구글 msn 뒤로가기 위로가기
이 기사에 대한 댓글 이야기 (0)
자동등록방지용 코드를 입력하세요!   
확인
- 200자까지 쓰실 수 있습니다. (현재 0 byte / 최대 400byte)
- 욕설등 인신공격성 글은 삭제 합니다. [운영원칙]
이 기사에 대한 댓글 이야기 (0)
Most Read
1
Sharjah Museums Authority, Institut Francais in UAE celebrate 40 years of UAE-French archaeological cooperation
2
Marawi liberation proves gov’t working to make PH safe: DOT
3
Two Koreas' diplomats to attend Russian forum this week
4
DOT ‘Bring Home a Friend to the PH’ now accepting entries
5
PHL Tourism Sec. Teo revives BHAF to increase inbound tourist traffic
6
UAE to participate in 122nd Autumn Canton Fair 2017
7
UAE / Healthcare
8
Biggest non-OPEC oil producers look to Abu Dhabi for new business
9
NMC, SGMB discuss joint media cooperation
10
8.6 million passengers, 21,000 aircraft passed through Sharjah International Airport in 9 months
Photo News Green Biz
Global platform for smart & sustainable cities officially  launched in Seoul
Global platform for smart & sustai...
min
Global platform for smart & sustainable cities to be launched by World Green Economy Organisation (WGEO) in Seoul on May 23
Global platform for smart & sustai...
min
50 successfully rehabilitated sea turtles released for Endangered Species Day
50 successfully rehabilitated sea ...
min
UAE is well placed to take lead in renewable energy storage
UAE is well placed to take lead in...
min
Bee’ah’s campaign for ‘Recycling Just Got Easier’ sparks community action
Bee’ah’s campaign for ‘Recycling J...
min
Photo News Sports
Emirates becomes official partner of 2018 Ryder Cup
Emirates becomes official partner ...
min
DOT in talks for staging of Pacquiao-Horn rematch in PH
DOT in talks for staging of Pacqui...
min
Mohammed bin Rashid attends endurance race in Euston Park, UK
Mohammed bin Rashid attends endura...
min
Cebu to host Ironman 70.3 Asia-Pacific C’ship anew   in 2018
Cebu to host Ironman 70.3 Asia-Pac...
min
PyeongChang Olympics wins new strongest ally -- the president
PyeongChang Olympics wins new stro...
min
Official mascot of FIFA Club World Cup UAE 2017 unveiled
Official mascot of FIFA Club World...
min
Official FIFA Club World Cup UAE 2017 mascot to be unveiled Tuesday
Official FIFA Club World Cup UAE 2...
min
Badminton tournament opens for multicultural families
Badminton tournament opens for mul...
min
Photo News World
Emirates becomes official partner of 2018 Ryder Cup
Emirates becomes official partner ...
min
DOT in talks for staging of Pacquiao-Horn rematch in PH
DOT in talks for staging of Pacqui...
min
Mohammed bin Rashid attends endurance race in Euston Park, UK
Mohammed bin Rashid attends endura...
min
Cebu to host Ironman 70.3 Asia-Pacific C’ship anew   in 2018
Cebu to host Ironman 70.3 Asia-Pac...
min
PyeongChang Olympics wins new strongest ally -- the president
PyeongChang Olympics wins new stro...
min
Official mascot of FIFA Club World Cup UAE 2017 unveiled
Official mascot of FIFA Club World...
min
Official FIFA Club World Cup UAE 2017 mascot to be unveiled Tuesday
Official FIFA Club World Cup UAE 2...
min
Badminton tournament opens for multicultural families
Badminton tournament opens for mul...
min
Photo News Opinion
Moon reiterates call for bipartisan efforts to deal with security issues
Moon reiterates call for bipartisa...
min
Moon says promulgation of Korean alphabet connects with spirit of democracy
Moon says promulgation of Korean a...
min
Unification minister urges N. Korea to allow family reunions
Unification minister urges N. Kore...
min
Korea celebrates National Foundation Day on October 3 in ceremonies nationwide
Korea celebrates National Foundati...
min
S. Korea's exports soar 35 pct in Sept. reach all-time high
S. Korea's exports soar 35 pct in ...
min
S. Korean president meets former POWs marking Armed Forces Day
S. Korean president meets former P...
min
Moon calls for increased deterrence against N. Korean nuclear provocations
Moon calls for increased deterrenc...
min
Moon urges bipartisan efforts to overcome N. Korean nuclear threat, ensure growth
Moon urges bipartisan efforts to o...
min
Newspaper AboutNews ReportAdvertiseComplaintsPrivacy PolicyJuvenile protectionRejection of E-mail Collection
Gangnam-gu, Teheran 52 street in Tehran Bldg, 616(Yeoksam-dong)  |  Main Phone: 02) 563-0604  |  Fax: 02) 538-5665
Chairman : jeong-woo Lee  |  Advisor : byung-il Min  |  Publisher: jae-mo Kah  |  Editors: il-hong Kim
Registration Number 1928 Seoul ah  |  eseoulpost.com / eseoulpost.net / Global Korea.,Ltd
Copyright © 2011 eseoulpost. All rights reserved. mail to jaemokah@daum.com , kih10kr@empas.com/ www.globalkorea.info
arabafrica.net / UAE Interract / Emirtes News Agency(WAM)/ http://wam.org.ae / www.uaeinteract.com