Egypt, UAE, Saudi Arabia boast compelling investment pillars – Freezoner

Egypt, the UAE, and Saudi Arabia boast compelling investment pillars, with the North African country drawing around $10 billion investments, said an official in Freezoner on Tuesday.

“Egypt, the UAE, and Saudi Arabia exhibit pivotal qualities conducive to enhancing investment and development in the Middle East. These nations boast compelling investment pillars, with Egypt drawing approximately $10 billion in investments and making notable strides in the World Bank’s Ease of Doing Business Index in recent years,” said Ramy Amin, co-founder and managing director of Freezoner, a leading facilitator of investor services for emerging businesses.

For the UAE, Amin said Dubai is “hosting over 40 per cent of Middle East-based companies.” Meanwhile, Saudi Arabia has attracted foreign investments amounting to around SAR11 billion (around $3 billion) and has become the base for over 180 companies.

Freezoner partnered with the International Free Zone Authority based in Dubai (IFZA) to host the Investing in the Golden Triangle conference. The event aimed to explore investment prospects in the Arab region and assess the feasibility of establishing companies in Egypt, the UAE, and Saudi Arabia.