Dubai: To attract the top cyber-tech companies, the UAE has opened its doors to foreign direct investment. The country is also open to digital experts. To make the UAE a hub for operations, 300 IT companies are being offered assistance by the country.
Direct investment is possible for data scientists, software developers and coding specialists. It welcomes IT professionals and has simplified the process of entering the market. The country will provide assistance to expedite license procedures, obtain visas together for employees, arrange housing and banking services, and assist with immigration.
Country Companies Welcomes Next Gen FDI scheme
Seven companies have already signed MoUs to direct invest. India is expected to respond positively to the investment-friendly Next Gen FDI scheme. Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Seyodi stated. He stated that the Next Gen scheme for FDI is also intended to make the UAE a center for innovation. The UAE is open to any organization with a great idea. Minister said that everything was in place to make that happen.
According to the International Monetary Fund, the country’s economy will grow by 4.2% in the coming year. The UAE’s economic situation will likely improve as more countries face economic recession. In April, the UAE was ranked as the best place to start new ventures. One lakh coding experts were offered golden visas as part of investment-friendly programmes. The program aims to create 1000 new companies and attract foreign investment of 10000 crore rupees. https://www.pinterest.com/newsgulfin/