Dubai FDI Surges to Dh46.6 billion

The foreign direct investment in Dubai has grown exponentially in the first half of 2019. The emirate has attracted FDI projects worth Dh46.6 billion and has experienced a growth of 135 percent when compared to the previous year.

According to Sheikh Hamdan bin Mohammad bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, the growth in FDI is the result of people’s confidence in the economy of the city.

“Dubai is among the top three global FDI locations, thanks to the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, which created a global investment environment in Dubai that keeps pace with the aspirations of investors, entrepreneurs and technology shifts in the region and the world,” said Shaikh Hamdan bin Mohammad.

Dubai has been successful in retaining its position as one among the most attractive cities for FDI. The city ranks third in the world, in terms of both capital flows and the number of greenfield projects. Dubai FDI, an agency of Dubai Economy-Government of Dubai, revealed the result.

“This is a proud achievement for Dubai. With the growth of talent and technology, Dubai will accelerate its drive to become the smartest and most sustainable city of the future,” said Shaikh Hamdan.

The various initiatives taken by the UAE government have played a significant role in increasing the FDI. The economy is looking forward to further boost the flow and this won’t be a challenge, considering its drastic growth in the last couple of years.