Monday 30 September 2013

Dubai, Abu Dhabi strong policies lure investors, experts say | GulfNews.com

Dubai, Abu Dhabi strong policies lure investors, experts say | GulfNews.com:

"There are many factors that make Dubai and Abu Dhabi attractive to investors, and chief among them are strong government policies, proximity to major markets and world-class infrastructure.
The country’s reputation as a tax-free haven, or the business-friendly and pro-investment approach of the government, has attracted investments from the world over.
According to Giyas Gokkent, group chief economist and head of research at the National Bank of Abu Dhabi, the top foreign direct investment (FDI) drivers also include the UAE’s cheap or relatively abundant energy and “elastic” labour supply.
Other comparative advantages of the two cities are the abundant sun and the sea, as well as the range of shopping centres and lifestyle facilities. With regards to foreign portfolio investments, Gokkent said, the main influences are solid economic growth, government support to major listed companies and inclusion in the MSCI emerging market index, among others."

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