UAE represents 'the perfect hub' for investors operating in the Middle East
The United Arab Emirates (UAE) represents the "perfect hub" for investors looking for a base in the region, according to a US business official.
The comments from Daeman Harris, an executive from the US Chamber of Commerce, came during a meeting with representatives from the UAE designed to foster trade and investment between the two countries.
With increased US investment, the UAE economy could stand to gain significantly and Michele Sison, the US ambassador to the UAE, explained that there are already 750 US companies "thriving" in the country, the Middle East Online news provider reports.
Explaining the international appeal of the UAE as an investment destination, Ms Sison said there is "no red tape" and a "very efficient" business environment.
She concluded by saying that the country is very business friendly as the ruling sheikhs attempt to increase the diversity of the economy away from oil revenues and into other services.
According to a recent report from the World Economic Forum, the UAE has the most competitive economy in the Arab world, making it an attractive place to invest and potentially generate returns from property.
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