Kevin O’Leary Bets On UAE Growth: Why The Nation’s Economy Outpaces U.S. With 6.7% Projected Growth By 2025

Kevin O’Leary, famed for his sharp critique on Shark Tank, is now making waves with a surprising personal investment. In 2023, the Canadian-American entrepreneur and investor announced he had obtained citizenship in the United Arab Emirates (UAE), sharing his excitement via LinkedIn.

But why would a business tycoon with a $400 million net worth pivot to the UAE? O’Leary sees more than luxury skyscrapers and desert attractions—he sees an economic powerhouse poised for innovation and global finance leadership.

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

UAE’s Economic Boom Leaves the U.S. Behind

The UAE’s economy is thriving, with KPMG forecasting an impressive 6.7% growth in 2025, far surpassing the U.S.’s projected 2.2% expansion, according to the International Monetary Fund (IMF).

Driving this boom are strategic investments in renewable energy, artificial intelligence (AI), and financial technology (fintech). Initiatives like the UAE National Artificial Intelligence Strategy 2031 highlight the nation’s ambition to lead in emerging technologies.

Dubai, in particular, is cementing its status as a financial hub. More than 60 hedge funds have established operations in the city, drawn by its tax-free policies and world-class infrastructure.

Why Investors Are Flocking to the UAE

The UAE’s appeal lies in its business-friendly policies. Foreign investors enjoy 100% ownership in free trade zones and benefit from zero personal income taxes. Additionally, the nation’s geographic position, connecting Europe, Asia, and Africa, offers access to some of the world’s fastest-growing markets.

For O’Leary, moving to the UAE isn’t about leaving North America behind but expanding his opportunities.

“You talk about financial services and just the scale of how fast it’s growing, it’s absolutely huge. You got to go there because that’s where the money is,” the tycoon said in a YouTube video.

Attracting Global Wealth and Talent

O’Leary’s move reflects a broader trend of high-net-worth individuals and companies relocating to the UAE. The nation reported $30.7 billion in foreign direct investment (FDI) in 2023, up from $22.7 billion in 2022.

Diversifying for a Sustainable Future

The UAE’s dedication to economic diversification is evident. Massive investments in renewable energy, fintech, and AI have solidified its position as a forward-thinking economy. Initiatives like Masdar City, a sustainable urban development project, attract international investors eager to explore opportunities in these sectors.

The entrepreneur’s decision underscores the UAE’s growing influence in global finance and innovation, positioning the nation as a magnet for ambitious entrepreneurs and visionary investors worldwide.