Why is this nation’s economy outperforming the United States with a projected growth of 6.7% by 2025?

Kevin O’Learyknown for grilling entrepreneurs on Shark Tank, is making headlines for an investment of a different kind. In a surprise development, the sharp-tongued investor revealed in 2023 that he was now a citizen of the UAE. The news broke on LinkedIn, where O’Leary shared his excitement.

But why would a Canadian-American businessman with a net worth of $400 million make such a move? It turns out that the UAE is not just about luxury skyscrapers and desert safaris, it is a hotbed of global innovation, business and finance.

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“Abu Dhabi is rapidly becoming a hub for innovation, finance and entrepreneurship,” O’Leary explained. “And I wanted to be part of that.”

Growth in the UAE shows no signs of slowing, with KPMG forecasting an economic expansion of 6.7% in 2025, far outpacing the United States, which the International Monetary Fund expects to grow by 2.2%.

Strategic investments in the field of renewable energy, artificial intelligence Financial technology is driving this economic boom. Initiatives such as the UAE National Artificial Intelligence Strategy 2031 are designed to position the country as a leader in emerging technologies.

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Dubai, one of the most vibrant cities in the UAE, has also attracted global attention as a financial centre. More than 60 hedge funds have established operations there, taking advantage of the city’s tax-free policies and world-class infrastructure.

This influx of investment underscores the business-friendly environment of the UAE, where foreign investors can enjoy benefits such as 100% ownership in free trade zones and exemption from income taxes.

In addition to these financial advantages, the UAE’s geographical location is a major asset. Strategically located between Europe, Asia and Africa, it offers unparalleled access to some of the world’s fastest growing markets. For O’Leary, it’s not about abandoning North America, but about expanding opportunities.

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“You talk about financial services and how fast it’s growing, it’s so huge. You have to go there because that’s where the money is,” he said in a speech. Latest YouTube video.

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