Dubai – Mubasher: Dubai Investment Development Agency (Dubai FDI) has launched its ‘Aftercare’ initiative, a quality-focused programme aiming at attracting further foreign direct investment (FDI) into the emirate.
The programme is projected to accelerate FDI in Dubai, which makes up about 7.1% of the emirate's total gross domestic product (GDP), according to Dubai FDI's senior officials.
Dubai FDI is at pains to position Dubai as a global leader in ease of doing business and preferred foreign investment destination, the investment development agency of Dubai Economy Department (DED) said in a statement.
Reinvestments in local projects make up 20% of FDI investments, which reflects investor confidence in Dubai as “an ideal business environment to multiply growth”, Dubai FDI indicated.
The ‘Aftercare’ initiative also represents Dubai FDI’s proactive approach to help investors effectively tap opportunities within the emirate, consistent with the Dubai Strategic Plan 2021’s goals in a bid to become an important hub in the global economy.
“We look forward to further strengthening Dubai's attractiveness to FDI, as the UAE maintains the reputation as among the 10 most competitive countries in the world,” adviser of the Aftercare and investors relations at Dubai FDI Salah Rashid Al Ansari said.
Dubai FDI is seeking to further its profile by ensuring investors that they have the right information and given the utmost attention to pursue their business in the country through the ‘Aftercare’ programme, he continued
Al Ansari emphasised that the ‘Aftercare’ programme will create a modern database and network of strategic investors, including an up-to-date list of their current and future investment interests.
The database will serve as a reliable and rich source of information that can attract new investments and boost the development and diversification of the UAE economy.
The ‘Aftercare’ programme will cover a series of interactive events, through which the investment authority will monitor and define investors’ sentiments and gain foresight on future trends to help them grow their businesses, according to the statement.
Periodic meetings are also being held under the programme to “discuss investor investment interests, identify investment growth plans, boost enabling factors and address barriers, and provide quarterly and yearly reports on all findings, among others,” the statement concluded.
