UAE is world's 11th most popular FDI destination

(EB FILE)

International investors are showing an increasing preference for the Middle East, and the UAE is the 11th top foreign direct investment (FDI) destination in the world when it comes to investor confidence, a latest survey has said.

Investor confidence in Middle East economies has grown despite global crisis and the UAE is well placed to attract FDI in 2010, Dr Dirk Buchta, Managing Director, At Kearney, told Emirates Business.

"The decision-makers we surveyed placed UAE among the top preferred destinations based on ease of doing business, infrastructure quality and access to consumer market and various other criterion," said Dr Buchta.

FDI flows worldwide appear disappointing but UAE being one of the top destinations is quite well positioned to attract FDI flows, he said, adding: "This ranking indicates that investors have both grasped the importance of the Mena with its 500 million consumers, and that they expect the UAE in general, with Dubai as the preferred entry point."

 

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