Brazil, China, India and Russia (BRIC countries) are bringing bigger capital inflow into the UAE, surpassing inflows from the Mena region, according to a leading investment firms in the region.

Hamed Mokhtar, managing director at Fortress Investments, said: “The UAE is becoming more important on a global scale, in addition to emerging as an unparalleled investment hotspot.

“The capital invested in the UAE from Mena region is more in the form of individual property assets, whereas UAE’s role in attracting capital flow from BRIC countries is the result of progressive government measures and global partnerships.”

India commanded the lion’s share of BRIC capital coming into the UAE, with the UAE being a net importer of capital mainly from emerging markets and regional markets, where capital inflow from developed markets is low, he said.

“Financial robustness of the UAE financial markets, specifically Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM), not only spells financial gains but also stronger economic sentiment that boosts the image of the UAE as a global powerhouse that is much valued by groups like BRIC,” said Mokhtar.

“Finance is playing an important role in enhancing the global standing of the UAE. In flashback, Dubai hosting of the annual meeting of the World Bank and the International Monetary Fund in 2003 provided the first spark to catapulting the emirate on the global stage,” he said.

“Financial advisors are needed today more than ever in the UAE to help clients make smart investment decisions, as the capital inflows are bigger and competition among investment hotspots is higher.”

“This is where financial advisors can fit in to formulate the most feasible and profitable investments schemes for their clients,” he added. - TradeArabia News Service