Dubai – Mubasher: Foreign direct investment (FDI) in the emirate of Dubai witnessed a 26% year-on-year growth to AED 17.78 billion ($4.84 billion) during the first half of 2018, according to recent data released by the Dubai Investment Development Agency (Dubai FDI).
The number of FDI projects in Dubai surged 40% to 248 projects in the six-month period ended 30 June 2018.
“The rise in FDI capital and projects reinforces Dubai’s leading position as the preferred global location for global businesses and start-ups pursuing growth and expansion and clearly reflects investor confidence in Dubai’s economy,” Sheikh Hamdan, Crown Prince of Dubai and chairman of the Dubai Executive Council (DEC), commented.
Dubai has been ranked third globally in the number of greenfield FDI projects, which currently represent 64% of total FDI during the six-month period between January and June.
Strategic projects accounted for 56% of total investment projects that Dubai attracted during the first half of the year.
The US topped the list of FDI capital countries, followed by France, the UK, India, and Switzerland, the data showed.
“FDI flows in the first half of 2018 reaffirm the sustained growth of Dubai economy, and the diversity, competitiveness, and attractiveness of the emirate,” DED director general Sami Al Qamzi noted.
