Massimo Falcioni, Chief Competitiveness Officer (CCO) of the UAE, says that the UAE is attracting an increasing flow of foreign direct investment (FDI).

According to Amac News: Massimo Falcioni said during the AIM meeting at the Abu Dhabi National Exhibition Center (ADNEC) that the position of the United Arab Emirates, the focus on digitalization and forward-looking industries also complement this favorable trend.
He emphasized that CEPAs play an important role in making the UAE an attractive business destination.
He explained that these agreements act as a "passport" for foreign businesses, allowing them to access a wider market for their goods and services, reduce trade barriers, simplify customs procedures and streamline supply chains. .
The UAE launched CEPA in 2021 with the aim of creating more open, sustainable and mutually beneficial trade relations. CEPA has been signed with India, Israel, Indonesia, Turkey, Cambodia, Georgia, Costa Rica and Colombia.
The United Arab Emirates ranked first in the West Asia region as it received 47.1% of the total FDI inflows to the region, amounting to 48.3 billion US dollars.
The UAE also ranked first in the MENA region as it accounted for 32.4% of total FDI inflows to the region, amounting to US$70.2 billion.
The ADIO official noted that the UAE's digital economy is one of the key drivers of growth and the Abu Dhabi Global Market (ADGM), a financial hub, is actively attracting fintech companies and providing platforms for easy access to finance for businesses based in Abu Dhabi. Creates.
Looking ahead, he said, the UAE has prioritized investment in Industry 4.0 and 5.0, focusing on automation, robotics and increasing productivity.
Falcioni explained that the Ministry of Industry and Advanced Technology (MOIAT), in collaboration with the Abu Dhabi Department of Economic Development, is actively working with businesses to facilitate this change.
With all these factors, the UAE is well positioned to become a major global investment hub, the CEO stressed.