The UAE has been rated ahead of USA, Canada, and the UK for being one of the top 3 most attractive countries for infrastructure investment earlier this year.
The Global Infrastructure Investment Index is published every two years and ranks 41 countries by their attractiveness to investors in infrastructure.
According to Arcadis, a global design, and consultancy firm, UAE provides better investment opportunities as compared to the US, UK, and Canada. The reason for this is the seamless operation and maintenance of the infrastructure as opposed to the construction of infrastructure as in the other countries.
The other reason for its high investment attractiveness quotient is the fact that it has a secure business environment and a stable financial sector.
However, the report also pointed out some of the short-term niggling issues like currency devaluations, commodity prices and security issues that could be a barrier for investment.
Responding to the above finding, Ben Khan, Middle East Client Development Director at Arcadis, said: “Infrastructure is an increasingly popular asset class for private sector investors, particularly in times of increased risk and uncertainty. Whilst opportunities have been limited in the region due to falling export revenues, as we see more GCC countries opening up to private finance, this can create opportunities for investors in the short to medium term.”
This is certainly good news for investors and businesses alike who want to start their business in Dubai, UAE.