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29 June, 2020

Dubai among top 3 FDI destinations in the world

In the first five months of 2020, Dubai attracted FDI investments to the tune of AED 10Bn and reinforced its position as one of the leading destinations for FDI.

 

During the period of January – May 2020, Dubai alone attracted nearly 155 foreign investment projects with expected capital inflow of almost AED 10 Billion. Sustained FDI inflow into Dubai-based startups stood at AED 700 million for the same period. It is to be noted that Dubai is the only city from the whole MENA to feature in the top FDI destinations ranked by fDi Markets’ Global Venture Capital FDI Ranking 2020 report. The findings were released by Fahad Al Gergawi, CEO of Dubai FDI.

 

The Dubai Government has specifically laid out virtual investment promotion missions with investment partners, relevant Government departments and other stakeholders to attract FDI into Dubai across the sectors of Healthcare, Logistics, e-Commerce, Digital Economy and emerging sectors such as Food & AgriTech. Dubai is also ranked 7th globally in the fDi Aerospace Cities of the Future 2020-21.

 

Global expansion into the UAE, as reflected by the investors’ strategic choices, are driven by some key performances by the UAE on critical indicators. For instance, the ease of doing business is one major driving factor. Recently, on a webinar conducted by the Dubai Chamber of Commerce, over 100 investors from around the world rated Dubai’s conducive business environment, safety & secyurity, strategic location and new business incentives as the main reasons for preferring Dubai as an investment destination.

 

The report gives the impetus to businessmen looking ahead of the global economic slowdown and aiming to recover robustly.

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