UAE a safe haven for global investors and entrepreneurs

Inayat-ur-Rahman

Bold decisions and an ambitious economic vision have boosted the competitiveness landscape of the nation, transforming the UAE into a key global investment destination.

Buoyed by the strength of its robust economic growth, the UAE is today considered to be a safe haven for investors and entrepreneurs and is seen as the strategic gateway to expand in the region and beyond to the emerging markets of Asia and Africa.

Over the past 48 years, the UAE’s progressive policy of economic diversification has established the fundamentals of a business-friendly environment for global economic partnerships to guarantee long-term prosperity for its citizens.  

This was stated by Dr Yaqoub Mousa Mohammed, Chairman of Bu Abdullah Group of Companies, during an exclusive interview with Gulf Today, adding that the UAE is currently one of the most dynamic and exciting real estate markets in which to do business.

“There is no country like UAE in the world; developed by such a growth mindset, top class infrastructure, safety, internationalism, and no income, capital or inheritance tax environment. Dubai has been recently ranked 8th top global financial centre in the Global Financial Centres Index (GFCI).”

Dr Yaqoub showed his great confidence in the effects of new laws and regulations that stimulate the real estate sector in the country during the past few years, which will support the real estate sector, and accelerate its growth during the next year.

“UAE gets the global limelight among investors. Dubai is the New York of GCC. 177 nationalities are expected to attend the mega expo 2020 event. Hotel industry and tourism are witnessing lot of booking and excitement of the event .”

“Dubai Land Department reports show that real estate transactions in Dubai rose by 12% in 2019, compared to the same period last year.”

Dr Yaqoub  noted that the much-anticipated Expo 2020 is adding considerable momentum to the economy, apart from being the perfect platform to showcase the UAE as a progressive and technology driven nation, on the world stage. The theme selected for the event is “Connecting Minds, Creating the Future”, with the sub-themes being Sustainability, Mobility and Opportunity. “Although emerging technologies have been the calling card of world expos since their inception, what stands out about the next edition in Dubai is its focus on a people-centric vision of the future.”

“The creation of smart cities, and the related suite of technologies, is at a nascent stage of adoption in most parts of the world,”  Dr Yaqoub  added.

“However, commercial real estate businesses in the UAE have been some of the most proactive, in deploying these state of the art technologies at a portfolio-wide scale. “

“It’s interesting that the UAE is unique in the world for having Ministers of State for Artificial Intelligence as well as Happiness”, he noted. “Technologies like IoT, AI and Machine Learning will transform every aspect of human life and the UAE is one of the nations leading a holistic exploration of this potential. Most importantly this vision is shared by the business community, and is not just limited to government policy”.

Dr Yaqoub mentioned that UAE was founded on the universal human values of love and tolerance, and today, is a role model of peaceful co-existence in the Arab world. “Along with being a comforting home to over 200 nationalities who live and work together sharing friendship and goodwill, the UAE has taken this humanitarian spirit worldwide by offering help and aid to those who need it the most.”

“These values that embody our Emirati identity and are at the core of the existence of all our institutions,”  Dr Yaqoub concluded.

Dr. Yaqoub Mousa is highly qualified person and got various awards and prizes from govt and other organizations.

He was awarded as the Young Emarati Entrepreneur by Sheikh Nahyan Mubarak Al Nahyan at the 1st Tolerance and Humanitarian Awards. He was also crowned with ‘Dynamic Emarati Entrepreneur 2019 Award’ at the Indo Arab Awards by Ramdas Bandu Minister of state for social justice and Empowerment.

He also clinched the most iconic emarati business personality of the year 2019 award at the UAE - India summit and awards by K C Tyagi, indian politician and member of rajya sabha. Global Triumph Virtual University  India recently awarded him with Honoury Doctorate in Dubai.

The Indian government recently awarded him at the 6th Atal Awards Ceremony( To pay homage to late Indian PM Atal Bihari Vajpayee) at the  Lok Sabha (Parliament House) in New Delhi.

BU Abdullah Group is famous business panel which consists of more than 200 companies, including Bu Abdullah real estate and Bu Abdullah Business consultancy are top of the list.