The capital outflow from Russia to the United Arab Emirates has doubled, reaching $2.8 billion. This is due to several factors, including:
- Simplification of the procedure for opening accounts in the UAE.
- Stable economic situation.
- High interest in real estate.
As a result:
The UAE will invest the finances in the country’s development, for instance, they can use the capital for building new roads, bridges, airports, and other infrastructure projects.
The influx of capital can stimulate the UAE’s economy by creating new jobs and increasing demand for goods and services. Additionally, it would be wise to use the capital to support research and development in new technologies.
The UAE will become a more attractive place for investments. In terms of business, the influx of funds increases the possibility of providing loans and grants.
What other opportunities can be identified?