UAE – Mubasher: The Foreign Direct Investment Transparency Index in Abu Dhabi for 2019 has marked 73.8 points a 100-point scale, revealing that foreign investors in the emirate are highly aware of the level of transparency in the policies of the Abu Dhabi Government.
The latest score was issued by the research department of the Abu Dhabi Department of Economic Development (ADDED) along with the Statistics Centre - Abu Dhabi (SCAD), according to a press release.
This score reflects views of the respondents regarding seven key topics including the efficiency of government policies in Abu Dhabi to attract and bolster foreign direct investments (FDIs), the federal and local governments’ role in managing policies, and the incentives provided to foreign investors, the ADDED indicated.
Saif Mohamed Al Hajeri, chairman of ADDED, said that the Abu Dhabi Government is keen to encourage investments of foreign capital to the local economy by collaborating with relevant government entities and supporting them to improve the quality of government services and boost the level of performance of institutional, legal, and procedural structures.
In accordance with the goals of Abu Dhabi Economic Vision 2030, the ADDED works on enabling the private sector to effectively contributing to various economic activities and on providing investors with transparent data and information about the investment environment in the emirate, Al Hajeri added.
Moreover, the results showed that most of the respondents do not face any problem regarding licensing registration procedures with 65.4% ratings, compared to 34.6% who consider these procedures as an obstacle to varying degrees.
Furthermore, the survey showed that 97.7% of investors consider the effectiveness of the ‘Single-Platform service’ as “effective and enough”, compared to 2.4% who see it as “ineffective and insufficient”.
