Kevin O'Leary Bets Big On UAE Growth: Why This Nation's Economy Is Outpacing The U.S. With A Projected 6.7% Growth By 2025

Dubai, United Arab Emirates - In a surprising twist, Canadian-American business tycoon Kevin O'Leary has invested his time and money in the UAE, citing its thriving economy as a major draw for entrepreneurs and investors alike.

The sharp-tongued investor, known for his confrontational style on Shark Tank, revealed in 2023 that he had become a citizen of the UAE. His decision comes as the country gears up to surpass other major economies in growth, projecting a staggering 6.7% economic expansion by 2025, far outpacing the US's projected 2.2%.

O'Leary pinpointed strategic investments in renewable energy, artificial intelligence, and fintech as key drivers of this economic boom. Initiatives like the UAE National Artificial Intelligence Strategy 2031 aim to position the nation at the forefront of emerging technologies.

The financial hub of Dubai has already drawn significant international attention with over 60 hedge funds establishing operations due to its tax-free policies and world-class infrastructure. This influx of investment underscores the UAE's business-friendly environment, offering benefits like 100% ownership in free trade zones and zero income taxes.

Geographically positioned strategically between Europe, Asia, and Africa, the UAE provides unparalleled access to some of the world's fastest-growing markets, according to O'Leary.

With its commitment to economic diversification evident through substantial investments in emerging sectors, the UAE is set to remain a magnet for high-net-worth individuals and companies. In 2023, foreign direct investment in the country reached $30.688 billion, compared to $22.737 billion the previous year.

O'Leary's decision highlights a broader trend of the UAE's growing attractiveness as an investment destination. As the country seeks to drive innovation and entrepreneurship, it is poised to solidify its position as a major player on the global economic stage.

For O'Leary, who holds a net worth of $400 million, this shift represents a major opportunity to expand his business horizons while remaining invested in North America. The economist sees the UAE's growth as "absolutely huge" and forecasts significant returns for investors.

This article will be updated with further developments on the UAE's economic growth as more news becomes available