Recently, a delegation from the United Arab Emirates (UAE) took over a floor at The St. Regis in midtown Manhattan to pitch Western investors on the benefits of setting up shop in the UAE. Abdulla bin Touqal Marri, the country’s economy minister, led the delegation and emphasized that this was his third trip to the US since taking on his role in 2020. He no longer needs to convince people about the advantages of investing in the UAE.
When asked about geopolitical changes in the Middle East affecting investor perceptions, Marri highlighted several key selling points. He emphasized the UAE’s openness, stability, and visionary leadership as crucial factors for investors to consider. He also pointed out that investments must align with the UAE’s economic vision for the future.
One of Marri’s main goals is to diversify the economy away from oil and gas. He stressed that investments should not only bring financial returns but also contribute to economic growth by creating new opportunities for businesses. This will help position the UAE as a leader in emerging industries and create new job opportunities for its citizens.
The Emirates are also focused on becoming a global hub for artificial intelligence (AI). Marri highlighted that their advantage lies in their language accessibility, which allows companies to tap into markets across North Africa and Arabic-speaking countries. By focusing on breaking down language barriers in AI development, they aim to position themselves as leaders in this emerging technology sector.
Overall, Marri believes that investing in the UAE is a smart move for Western investors looking for new opportunities and growth potential. With its stable environment, strategic location, diverse economy, and focus on emerging technologies like AI, he sees great potential for foreign investment and economic development in his country.
In conclusion, an Emirati delegation recently pitched Western investors on setting up shop in the UAE at The St. Regis in midtown Manhattan. Abdulla bin Touqal Marri emphasized several key selling points such as openness, stability, visionary leadership
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