Dh10b FDI in the first five months of 2020 | AX Capital

Dh10b FDI in the first five months of 2020

Dubai remains among top global FDI destinations as the emirate received 135 foreign investment projects during the January-May period.

Despite the decline in greenfield foreign direct investment (FDI) globally at the beginning of 2020 due to the challenges posed by the pandemic, Dubai has maintained its leading position among the top three global FDI destinations during the first five months of the year, according to Financial Times FDI Markets data.

 

Speaking on the efforts to attract FDI in the current circumstances, Al Gergawi revealed that Dubai FDI has launched a series of Virtual Investment Promotion Missions in cooperation with investment promotion partners around the world, relevant Dubai Government departments and Free Zones in Dubai, to support the growth and expansion of FDI into Healthcare, Logistics, e-Commerce, Digital Economy and new sectors such as food and AgriTech which are seeing increasing interest from global investors. He pointed out that Dubai ranked 7 th globally in the `FDI Aerospace Cities of the Future 2020/2021` report issued recently by the Financial Times` FDI Markets, and ranked 2 nd in FDI performance in the sector, which is a testimony to the diverse and attractive investment opportunities offered by Dubai.