UAE’s exemplary journey from an average oil-driven economy has shown the World how to manage change and grow stronger. UAE has been a model for many on how to create a winning product for the end-users in a true sense. ‘Change for Better’ has been the bedrock of growth, steering the country to the global leadership position of today. The timely execution of decisions of its great visionary leaders has completely altered the growth trajectory.
From allowing expatriates to buy property to building affordable real estate to new categories of 10 years Golden and 5-year Retirement, visas worked wonders for the real estate industry and drew huge inward investments besides boosting the consumption cycle.
UAE demonstrated how to be resilient in the face of crisis, to remain as the future-ready springboard of growth. The Covid 19 vaccination rate has catapulted UAE to the list of top countries, besides its target to vaccinate the entire population by the end of 2021 free of cost is exemplary. It demonstrates the UAE’s commitment to the wellbeing of its people and the economy. Thanks to the vision of the top leadership, UAE stands at the vanguard of promoting regional and international inclusiveness, fostering cross border business opportunities and capital inflows between the two countries. The resumption of diplomatic ties with Israel and Qatar will also go a long way in promoting peace in the region and support the business growth and prosperity for the region.
Thrust on the quality of international standard education and healthcare in the past two decades has made it one of the more sought-after places for expatriates and people around the World. The country’s safety, security and efficiency in limiting disruption has always attracted people from across the globe. By creating an ideal ecosystem to foster innovation, built on some visionary and radical changes like enabling a 100% ownership clause on the mainland, the country stands out in attracting entrepreneurs from around the globe. The flourishing Fintech industry of UAE is just the tip of the iceberg of more success stories to unfold.
The resultant overall prosperity has grown significantly, propelling the country to 1st position in the Arab World and 15th globally in Kearney’s 2021 Foreign Direct Investment (FDI) Confidence Index.
Keep calm as there are more to come, which would soon catapult UAE to the top quartile of the World Happiness Report of countries.
For more info, please write to the author, Mr Tapas Majumder, CEO of https://finsightpro.com, at mailto:tapas@finsightpro.com.
Vijay Singh
