UAE Tops Region for FDI in Biotechnology Sector Published February 17th, 2021 - 11:00 GMT
Over the past years, the UAE has succeeded in consolidating its position as an attractive destination for investments and business, and today, it is reinforcing its position as a regional and global hub for investment in the sectors of the new economy. (Shutterstock)
Highlights
UAE government is continuing its efforts to enhance the policies that attract foreign investments and expand the scope of incentives and facilities for companies and investors.
The UAE has been ranked first in the Middle East and Africa region in terms of the number of new foreign direct investment (FDI) projects in the country’s biotechnology sector. The UAE was also ranked third in the region in terms of the volume of capital invested in these projects during the period from 2003 to 2020, according to a
UAE leads Mideast and Africa in terms of FDI in Biotech sector
16 Feb 2021
Business Bureau, Gulf Today
The UAE has been ranked first in the Middle East and Africa region in terms of the number of new foreign direct investment (FDI) projects in the country’s Biotechnology sector. The UAE was also ranked third in the region in terms of the volume of capital invested in these projects during the period from 2003 to 2020.
The rankings were revealed by the FDI Markets Index, which was recently issued by the Financial Times’s FDI Intelligence magazine, which specializes in foreign investment trends around the world. The index monitors capital flows and new foreign direct investment projects around the world and identifies the best FDI destinations in the world through reference comparisons.
UAE ranked as most innovative Arab nation of 2020
Wam/Dubai
Wam
The UAE has continually strengthened its sustainable development capacities.
The UAE has been ranked first in the Arab region and 34th globally in the Global Innovation Index (GII) 2020.
The UAE has made innovation a way of life and an administrative approach to modernising government work and strengthening sustainable economic development based on clear plans and strategies. Starting today is Innovation Month 2021, a national occasion for consolidating the country’s position as a global hub of innovation and capacity building, and a catalyst for public and private sectors and individuals to adopt innovative practices.
WAM The UAE has strengthened sustainable economic development based on clear plans and strategies, enabling the country to be ranked first in the Arab region and 34th globally in the Global Innovation Index (GII) 2020.
Since the start of the COVID-19 crisis, innovation has become the key weapon used by the UAE to address emerging challenges and turn them into opportunities, ensuring business continuity in all vital sectors, upon the highest standards of health and public safety.
The UAE has utilised scientific innovation to consolidate its efforts to counter the pandemic, including by analysing the genome sequence of the virus, launching the largest lab in the world outside China to conduct coronavirus tests and established drive-through testing centres.