Dubai is one of the world’s fastest-growing business centers, with one of the world’s most well-connected and investment-ready economies. It is the ideal site for many big businesses’ worldwide and regional head offices, as well as a destination for highly skilled workers from all over the world. Dubai’s economy has a country’s total output (GDP) of 102.67 billion dollars as of 2018

In its 2022 investment report, the United Nations Conference on Trade and Development (UNCTAD) ranked the UAE as 17th country globally and first Arab country in the world in terms of FDI outflows that totaled $22.5 billion USD in 2021, reflecting a 19% growth compared to their 2020 records which clearly underlines the growing interest among UAE entities in investing in foreign markets and the positive effects that these entities experience from outward FDI.  According to a 2021 report and survey commissioned by the Dubai Chamber of Commerce, sectors including Fintech, agriculture, health tech and e-commerce display great potential in African markets, provided companies can access the necessary investments to address challenges such as weak digital infrastructure, limited public amenities and unfamiliar regulations. The same survey from Dubai Chamber found that among business leaders in Africa, Fintech is expected to see the most growth in 2022 of up to 89 per cent, followed by agriculture and food processing, by 89 and 87 per cent, respectively. These figures indicate Africa’s position as an attractive investment destination with the potential to generate higher returns on investment in the long term.