We invite promising Irish SMEs to invest in the UAE and support them throughout the whole process.
Here under, you will find information in a nutshell about investment in the UAE.
At the crossroads of major growth centres across the Middle East, South Asia and East Africa, the UAE offers opportunities to quickly scale-up operations to serve local, regional and international markets. Foreign investors can benefit from the UAE’s expertise and role as a regional trade hub for the Middle East, underpinned by its strong network of economic agreements, including 101 Avoidance of Double Taxation Agreements and some 67 Bilateral Investment Treaties. Investment in the UAE ensures sustainable future growth for private individuals, SMEs, and multinational corporations alike.
With a vibrant culture, investor-friendly legislation and a stable, secure environment, the UAE is truly an ideal destination for investment. The UAE offers a low-tax environment and new opportunities for investment across both mainland and free zone jurisdictions. By 2030, the UAE is striving to attract USD 150 billion of inward foreign investment, aspiring to become one of the 10 biggest global investment destinations by 2030.
Over the past few years, the country has managed to achieve the following:
- USD 20.7 billion Inward FDI (2021)
- 19th globally in FDI inflows; 1st in the Arab world
- USD 406 billion nominal GDP
- 2nd largest economy in the GCC and the Arab World (2021)
- 9th globally
- CAGR 11%
- 6th globally - Oil and gas reserves
- 15th Globally - Kearney FDI Confidence Index (2021)
- Aa2 Moody's credit rating
- Strongest sovereign rating in the region
- 7th globally for GDP per Capita
- 2nd highest GDP per capita in the Arab world (2021)
- 1st in West Asia for FDI inflows
- UAE accounts for 37% of the total FDI inflow to the region
- 1st in MENA for FDI inflows
- UAE accounts for 31% of the total FDI inflow to the region
- 10th globally - IMD Digital Competitiveness Index (2021)
- 7th globally in talent attraction - INSEAD Global Talent Competitiveness Index (2021)
- 9th globally in embracing new technology - Soft Power Index (2021)
For further information, you may check out the invest emirates website, at this link.
I will be glad to provide support for any member of the Drogheda and District Chamber of Commerce interested to explore the potential of expanding his/her business within the UAE.
Humaid Alnaqbi, Head of the Economic Section, United Arab Embassy in Dublin