Dubai – Decypha: The Emirate of Dubai has attracted foreign direct investment (FDI) worth AED 25.5 billion in 2016, according to Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.
Strategic projects account for 92% of the FDI inflows and for 60% of all new investment initiatives for 2016; while 73% of projects in all sectors were focused on advanced technology, according to Arabian Business.
These figures have helped the city remain in the top ten global cities in terms of FDI; the city has also ranked third in terms of new investment projects, as it attracted 247 projects, placing itself behind London and Singapore.
In terms of countries, Canada, UK, France, Spain and the US led the emirate’s FDI flow for the year, with US, UK, India, Germany and Italy representing a total of 152 projects, according to the Dubai FDI Monitor report.
By Decypha Editorial Team
