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Dubai received foreign direct investment (FDI) worth AED 46.6 billion in the first half of 2019, representing growth of 135% compared to the same period last year, according to Dubai Investment Development Agency (Dubai FDI), part of Dubai Economy, the emirate’s economic development arm.
Sheikh Hamdan bin Mohammad bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, said that the significant growth in FDI into Dubai is a testament to global confidence in Dubai’s economy.
In a statement published at the start of Dubai Investment Week (DIW), the Dubai government said it ranked third in the world for attracting FDI, both in terms of the capital value flows and number of greenfield projects. DIW is currently underway and will end on 3 October.
The FDI flows and rankings results were revealed by Dubai FDI, an agency of Dubai Economy. Data from Dubai FDI Monitor showed Dubai has attracted 257 FDI projects in the first half of 2019 where 61% of total projects were greenfield, followed by 27% new forms of investments (NFIs), 6% reinvestment, 5% mergers and acquisitions (M&As), and 1% new joint ventures.
According to the data, FDI projects with High and Medium Technology component reached 47% of total FDI projects in the first half of 2019, based on the Organisation for Economic Co-operation and Development (OECD) classification criteria.
Cavendish Maxwell is the MENA region’s leading firm of property consultants and chartered surveyors. If you are looking for professional real estate consultation or advice on property related matters, please view our services.
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BA (Hons) DipM
Head of Marketing
Sarah-Jane joined Cavendish Maxwell in January 2020 as Head of Marketing and is responsible for the development of the marketing strategy and execution across the Middle East region. An energetic and results driven marketer, Sarah-Jane possesses a wealth of multi-channel marketing experience, within both B2B and B2C environments which she has gained over a 25 year career. Prior to joining Cavendish Maxwell, Sarah-Jane held senior marketing positions for major developers in Dubai including Emaar, Dubai Properties and Dubai Sports City. She also worked for IWG as the Regional Marketing Director responsible for the MEA and APAC regions. Before relocating to the UAE in 2005, Sarah-Jane held various management roles in public and private sector companies in the UK including ten years at Royal Mail and seven years at the Bank of America.
Sarah-Jane is a member of the Chartered Institute of Marketing and has a BA(Hons) Degree in Business and Marketing