Sunday 07, October 2018 by Kudakwashe

Dubai FDI rose 26 per cent in H1 2018

 

The US, India, Thailand as well as Spain and the United Kingdom topped the list of source countries for Foreign Direct Investment (FDI) capital.

Dubai has posted AED 17.8 billion in foreign direct investment (FDI) in H1 2018, a 26 per cent increase compared to the same period last year, according to local newswire, WAM.

The Dubai FDI Monitor stated that the number of FDI projects in 2018 surged to 248, a 40 per cent increase compared to the corresponding period last year.

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said that 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.

FDI growth in advanced technology led to Dubai being ranked as the world leader in FDI technology transfer and 3rd after Singapore and Shanghai among the top 25 locations attracting FDI in Artificial Intelligence (AI) & Robotics.

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