UAE - Mubasher: Dubai has attracted foreign direct investments (FDIs) worth AED 12 billion through 190 projects during the first half (H1) of 2020 despite the coronavirus (COVID-19) pandemic.
The US accounted for 25% of the FDIs attracted to Dubai, followed by France with 18%, Belgium with 9%, as well as the UK and China with 8% each, according to a recent statement by Dubai FDI.
Dubai is ranked first in the MENA region and third globally in terms of the number of attracted FDIs.
Meanwhile, the emirate was placed in the first position in MENA and sixth globally in the world in terms of foreign direct investment capital inflows after Singapore, Shanghai, London, New York, and Hong Kong.
The CEO of Dubai FDI, Fahad Al Gergawi, commented: "One of the major platforms that have supported Dubai’s continuing growth in FDI capital is a legal system that connects seamlessly with multiple jurisdictions around the world."
Al Gergawi added: "The Dubai International Financial Centre (DIFC) Courts has professionally been upgrading this value for the city which we will continue to emphasise on in our efforts to attract strategic FDI to Dubai."
