UAE/ A prosperous business environment that derives its strength from the approach of coexistence and tolerance

Abu Dhabi, 15 November / WAM / The UAE has established its position as one of the most attractive destinations for investment and business in the world, thanks to its open economic system that provides a safe and comprehensive work environment that attracts talent and capital from different nationalities, within the framework of the country’s approach based on coexistence, openness and equal opportunities.

Official data confirm that the UAE has become the world’s premier destination for wealthy individuals and investors, driven by a package of pioneering legislative and economic reforms that have strengthened the business climate and provided high levels of confidence and stability.

Since the issuance of the federal law that allowed foreigners to own 100% of commercial companies, the country has witnessed unprecedented growth in the number of operating companies. Its number has increased over the past five years by 235%, reaching more than 1.3 million companies by the end of the first half of this year, after it was only about 400,000 companies in the same period in 2020.

Updating more than 80% of economic legislation during the past three years has contributed to making qualitative leaps in the areas of business development and sector diversification, in line with the country’s trends towards a knowledge economy, innovation and advanced technologies.

The impact of the open economic system is evident in the increase in the number of registered trademarks, national and international, which by the end of September 2025 amounted to about 402,311 trademarks, which reflects global confidence in the UAE investment environment.

A number of senior officials and investors in the country confirmed, in statements to the Emirates News Agency, WAM, that the UAE system based on tolerance constitutes one of the components of economic success, as its effects extend to the various productive and service sectors, and contribute to enhancing the country’s attractiveness in attracting international companies, entrepreneurs, and innovative talents.

Saeed Al Gergawi, Vice President of the Dubai Chamber for Digital Economy, said that the UAE provides an integrated environment for companies, including startups, to expand their business and opens the doors of growth for them to experiment and test new technologies in the fields of artificial intelligence, services, devices and systems, in cooperation with the government sector, explaining that this government support enhances the growth of companies and contributes to continuing to attract safe and effective partnerships and innovations in the country.

He stressed that the government always seeks to involve the private sector in formulating legislation that affects the business environment and promotes the growth of companies’ businesses, pointing to the role of international exhibitions as well, such as “Expand North Star”, which is the largest exhibition for emerging companies and investors, and which recently attracted the participation of more than 2,000 companies from 180 countries and 1,200 investors who manage assets exceeding $1.1 trillion, in enabling companies and investors to discover the local market in Dubai and the Emirates, in addition to investing in various global markets.

For his part, Yusuf Ali, Chairman of the Board of Directors of Lulu International Group, explained that his experience, which spanned more than fifty years in the UAE, gave him a clear vision of the country’s position as a global model of tolerance, coexistence and mutual respect. Over the decades, it has succeeded in consolidating the values ​​of compassion, inclusion, and unity from the time of the founding fathers to the current generation of leadership.

He pointed out that the UAE today embraces more than 200 nationalities that live and work in complete harmony, which reflects a solid leadership vision that believes in the importance of diversity and building bridges between cultures instead of barriers, considering that this diversity represents a major source of strength for the country’s renaissance and its global standing.

He pointed out that the Lulu Group represents a model of this environment, in which employees from more than 47 nationalities work side by side in a spirit of understanding and appreciation, stressing that tolerance in the country is a way of life rooted in society and represents a humanitarian message to the world.

In turn, Dr. Brian Shigar, Honorary Chairman and Senior Advisor to the UAE-Singapore Business Council, said that the ease of the business environment in the UAE, and the development of its economic systems and legislation, represent the main factor that drives Singaporean companies to choose it as a first destination to expand their business in the region.

He explained that close cooperation with government agencies in the Emirates contributed to enhancing the presence of Singaporean companies in the fields of infrastructure, real estate, engineering and design. About 700 Singaporean companies use the country as their regional business headquarters, a clear indication of the great confidence in the UAE investment climate, praising the ambitious economic vision that has made the UAE a major partner for Singapore in the region, and a pivotal center for business and trade between Asia and the Middle East.

Sam Armani, Senior Vice President of Business Development at Memic, a global company specialized in artificial intelligence, confirmed that the economic environment in the UAE represents a global model of openness and ease of doing business, noting that this was a pivotal factor in the company’s decision to expand its operations in the country by establishing a new entity in the capital, Abu Dhabi.

Armani pointed out that Memic chose Abu Dhabi to be a regional center for its activities thanks to the advanced digital infrastructure it provides, flexible economic policies, and integrated government support for innovative companies in the fields of technology and artificial intelligence, which makes it an ideal environment for developing advanced solutions in the fields of autonomous mobility and smart systems management in sectors such as oil and gas, ports, and shipyards.

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