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Wednesday, January 19, 2022

Dubai stays top foreign direct investment destination by creating an estimated 18,325 new jobs

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Dubai reinforced its transcendence as an objective of decision for foreign direct investment in 2020 by recording a FDI inflow of Dh24.7 billion, making an expected 18,325 new openings notwithstanding the cruel global epidemic challenges.

Dubai positions first in the Middle East and North Africa area and fourth globally as a magnet for greenfield FDI capital, as indicated by the Financial Times’ fDi Markets, the main global wellspring of data on greenfield FDI.

Dubai also accomplished a record global piece of the overall industry in greenfield FDI projects, pulling in 2.1 percent of all such projects in 2020, surpassing the 2.0 percent mark interestingly, as it kept on driving regional and global FDI areas in working with global business growth and development.

Sheik Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, said Dubai’s regional initiative and global unmistakable quality in FDI fascination is the aftereffect of the incredible vision of His Highness Sheik Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. “His vision established strong frameworks for Dubai’s development as a savvy and reasonable city of things to come, the primary entryway to regional growth markets, and a pivotal center in the global economy.”

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