全球投资者转向海湾地区，阿联酋资本市场有望增长

Group 1 - The UAE, particularly Dubai and Abu Dhabi, is becoming a new hub for international capital due to increasing global trade barriers and macroeconomic uncertainties [1] - As of the end of 2024, the total market capitalization of the UAE capital market is projected to reach $1 trillion, with the allocation of UAE assets in global emerging market funds nearly doubling from 35% to 65% since mid-2021 [1] - The CEO of Dubai Financial Market (DFM) indicated that by June 2025, the DFM market capitalization is expected to reach 951 billion dirhams, highlighting the influx of international capital and confidence in Dubai's long-term growth [1] Group 2 - The Abu Dhabi Securities Exchange (ADX) has also shown strong performance, with foreign net inflows reaching 11 billion dirhams in the first five months of 2025, a 78% year-on-year increase, and foreign trading volume growing over 347% in the past five years [1] - Despite a slowdown in global IPO activities, the GCC region's IPO financing increased by 33% year-on-year in Q1 2025, with the UAE and Saudi Arabia leading the contributions through government-led privatization and regulatory reforms [1] - The UAE's bond market and private credit platforms are expanding, providing investors with a wider range of investment tools, supported by strong fiscal buffers and stable credit ratings [2] Group 3 - The Central Bank forecasts a 5.3% growth in the UAE's non-oil GDP by 2025, with sectors such as technology, green energy, infrastructure, and hospitality attracting capital amid a shift towards a knowledge-based economy [2] - HSBC predicts that the UAE's GDP growth will continue to outperform most emerging markets over the next three years, offering a relatively safe investment window in the current unstable global environment [2] - Structural reforms, strategic IPOs, and a diversifying industrial composition are expected to further solidify the UAE's position in global capital markets [2]