The UAE embraces the spirit of entrepreneurship: Al Naqi
With the embracing of the spirit of entrepreneurship in the UAE, the nation remains flexible and rapid, fulfilling the obligations meant to enhance growth and roping in investors from different countries.
“The nation is changing its global footprint with these changes and encouraging pumping in of investments, and in this case entrepreneurs” said Ismail Al Naqi.
“In a short period of time, the UAE is turning into one of the global economic centers due to a number of unique and extraordinary revolutionary steps which are radically changing the business conditions in the country. The UAE has the giant developmental programs which seek to strengthen and broaden the country’s economy thus luring foreign investors and promoting groundbreaking changes in various industries” said Al Naqi.
Attracting FDIs
The challenges and obligations, but also the opportunities, of FDI are evident as Al Naqi set forth the measures and actions that the United Arab Emirates has taken in regard to improving its business climate and encouraging investment.
Of the controversial measures that were touched on by the subjects, mention should be made of the Foreign Direct Investment (FDI) Law, which in its essence provides permission to establish 100 percent foreign business
‘Thanks to this law as well, our investors shift from one point to another and back with ease; therefore this is beneficial for the economy,’ he said.
He also described how the Golden Visa, which was implemented two years ago, provided more opportunities for the growth of the UAE by allowing long-term residency to investors and specialist talents.
‘These initiatives assist in providing a round the clock safe zone for investment,’ he observed.
Enhancing its manufacturing potential
He indicated that the coherence of the UAE – thanks to an effective regulatory environment and sound leadership – illustrates the way in which higher and lower levels of government work together with the business establishment to facilitate development.
“We cannot imagine any other way of executing such a complex task where so many organizations and stakeholders are involved, therefore it would not be easy to reproduce this model of successful and swift operation in any other country,” he emphasized.
Secret recipe of the UAE’s growth story
Dwelling on the competence of the United Arab Emirates, which is fortified by a very effective regulatory regime and leadership, he observed that the federal and local governments move in line with the business environment for faster development.
Such an interpersonal integration serves as our ‘secret ingredient’ to tackle the troubles and devise quick and effective solutions that makes this a model which is not easily replicated anywhere in the globe.
A global gateway
The Director General of the Free Zones Authority of Ajman elaborated on how the UAE has transformed into a global hub as well as a springboard for the world.
“I urge you and your business people to consider the UAE as a doorway to the scenery of the whole market opposed to the market as a little region. From this place, businesses can seek out investment to all possible places.”
He also appealed to the participants that they should utilize the multifaceted approach of the UAE which has made it emerge as an investment and technologic base.
“Therefore, what we have achieved has not only stimulated the growth of the economy here, but it also attract international players in need of an innovative, stable base and long-term investment opportunities. With such ahead, what is good for businesses is actually good for the UAE. Our vision is to create the framework for success and cooperate with enterprises in the growth.”
Comments