The UAE is one of only five countries globally that achieved a higher ranking this year in an increasingly competitive global FDI attraction environment. The Kearney report found that investors are more cautious regarding FDI globally, as they gear up for a long-haul economic recovery. The ranking reveals a significant dip in overall optimism about the global economy since pre- and early-Covid-19 pandemic levels last year. Paul Laudicina, founder and chairman emeritus of Kearney’s Global Business Policy Council, said a year into the pandemic and its severe disruption to the global economy, investors understandably appear chastened. “Overcoming Covid-19 will be key to global economic recovery and the improvement in FDI flows as the two go hand in hand.

Source: The North Africa Journal April 04, 2021 07:34 UTC