HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, revealed that FDI inflows to Dubai recorded an exceptional growth during the first half of 2019, as the capital of the announced investment projects in that period reached AED 46.6 billion, a growth of 135%. Compared to the same period last year, according to data from the Dubai Investment Observatory of the Dubai Investment Development Corporation, one of Dubai's economic institutions.

His Highness said: “Continuous development within the various economic sectors including investment sector, which is in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai for the future, is reaping the fruits of success that witness the success of the economic policies of the Emirate and designed in a way that serves our goals. The strategy takes into account the interests of our partners and ensures their success. "

"Dubai is the third most attractive investment city in the world and is a testament to the success of our economic policies and a new achievement that reflects the positive development of our investment environment in particular and the economic landscape in the emirate in general," he added.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum pointed out that the strong ties that have always brought together Dubai and the general public, both inside and outside the UAE, are among the pillars of its investment structure, and paves the way for further success in laying the foundations and reaping the fruits of the government sectors. “Our distinguished relationships with the local and global investor community are a guarantee that supports our aspirations for further joint success,” he said.

The FDI Markets Index, which records data on capital flows and new FDI projects around the world, has ranked Dubai third in the world in attracting foreign direct investment in terms of capital flows and the number of new investment projects. In the first half of 2019, the cities are ranked as the most attractive cities for foreign investment, and confirm their status as a global investment environment, keeping pace with the aspirations of investors, technology shifts and aspirations of entrepreneurs and innovators in the region and the world.

Dubai has made remarkable progress in attracting high-tech and specialized talent projects.Dubai Investment Observatory data shows that the proportion of high-tech and medium-sized projects is growing, accounting for 47% of total investment projects in the first half of 2019, according to Dubai Observatory data. Investment "and the OECD-approved classification.

High-tech and medium-sized projects were at the forefront of projects creating new jobs with a 48% share of the total of 24,294 new jobs created by FDI projects during the first half of 2019.

Dubai has been ranked ninth in the world in terms of creating new job opportunities through foreign direct investment, according to the index "FDI Markets", thus strengthening its position as one of the most attractive global destinations for the most promising talent under the guidance of wise leadership to develop legislative frameworks that enhance the role Talent in building a knowledge and innovation economy in Dubai and the UAE.

Sophisticated investment environment

Director General of the Dubai Economic Department, Sami Al Qamzi, said that the emirate's position among the best cities attracting foreign direct investment over the past five years reflects the diversity of new investment opportunities in various vital economic sectors in the emirate. The first half of 2019, which reflects the competitiveness and resilience of Dubai's economy in the face of the shifts and economic challenges the world has negatively affected the flows of foreign direct investment globally in recent years.

Al Qamzi stressed that Dubai's rise in global indices underlines the growing confidence of the global investment community in the emirate's advanced investment environment, under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and thanks to the continuous follow-up of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, reinforced Dubai's readiness and appeal to become the preferred destination for growth and expansion of global and emerging companies from around the year.

A major city on the global investment map

Al Qamzi pointed out that the growth of FDI flows to Dubai comes in light of many positive developments in the investment environment in the UAE, driven by a package of investment incentive legislation, the most important of which is the issuance of the new investment law, in addition to the initiatives of the Emirate of Dubai to stimulate economic growth and continuous communication to enhance partnership. With the investor community both in the UAE and from around the world.

Al-Qamzi pointed out that the data and reports of the "Dubai Investments Observatory" shows the position of the Emirate of Dubai at the forefront of the most attractive cities for foreign investments in the indicators of specialized international institutions, where the emirate is classified as a major city on the map of global investment, as part of the benchmarking comparisons that determine the best foreign direct investment In the world, Dubai ranked third in the ranking of the best investment sites globally and second in terms of economic prospects in the report, "Global Future Cities 2018-2019", issued by the index "FDI Benchmark" of the Financial Times, confirming survived H. Dubai Government's strategic initiatives in all vital economic sectors to open up broad prospects for investment in the emirate now and in the future.

Investment Environment Readiness

Fahd Al Gergawi, Executive Director of Dubai Investment Development Corporation, said that the record results that Dubai continues to achieve in attracting foreign direct investment are in line with the expectations of Dubai Investment Development Authority after the emirate attracted historical flows last year, the highest of ten Years.

Al-Gergawi pointed out that foreign investment projects are characterized by directing capital, technology and talent to productive and operational capabilities. To the most promising regional markets and a global center for talent, innovation and entrepreneurship.

Data for the first half of 2019

Al-Gergawi said that the data of the "Dubai Investment Observatory" confirms the success of Dubai's diversified economy in creating new investment opportunities in terms of strategic investment projects that reflect the growth and expansion of international companies in the emirate of Dubai. 257 projects in the first half of 2019 were distributed by 61% for new projects, 27% for new types of investment, 6% for reinvestment projects, 5% for mergers and acquisitions, and 1% for new joint ventures, while strategic investment projects accounted for 62% of the total. FDI capital flows to Dubai in the first half of 2019.

Data from the source countries indicate that the United States continues to lead in FDI capital flows to Dubai by 34%, while China rose to the second place by 28%, followed by the United Kingdom in third place by 11%, and France in fourth place with 5%. Singapore is in fifth place with 5%. Together, the five countries accounted for 83% of total FDI capital flows to Dubai in the first half of 2019.

Major investment deals

Al Gergawi said that the major investment deals witnessed in the Emirate of Dubai in the first half of 2019 confirms the Emirate's success in providing an investment environment with the advantages and strategic and relative advantages that enhance the success of transactions and major investment projects, where the value of investment in the two acquisitions of the global technology company Uber, which acquired Karim is one of the leading transport companies in Dubai and MasterCard International has invested in Network International, a subsidiary of Emirates NBD, with approximately AED 13 billion in foreign direct investment.

Al-Gergawi pointed out that Dubai is creating new opportunities for growth, partnership and innovation for international companies, noting that the first half of 2019 saw the launch of two major investment projects from China, where the "Zhejiang China Commodities Group" is investing in the new "Merchant Market" project China Co Op Group has also announced an investment in the construction of a new food processing plant in Dubai, with a total investment of approximately AED 12.5 billion, further enhancing Dubai's position as a springboard for regional and international markets. Its role as a major focus is highlighted In the global economy.

Al-Gergawi pointed out that the Dubai Investments Observatory data indicates that the international companies are reinvesting in quality projects such as the new headquarter project in the Middle East for HSBC with an investment of AED 918 million. The project to establish the first solar hydrogen analysis facility in the region for the German company Siemens with an investment of 248 million dirhams. The WP Palm, a Marriott hotel, is invested with AED 745 million and a AED 29 million training center for German BMW.

Investment in Future City

Al Gergawi explained that the results of FDI inflows to Dubai will shed light on the trends that shape the future growth of investment flows to the emirate within the framework of the Dubai Investment Week, which will be held from 29 September to 3 October 2019, under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, under the slogan “Investing in the City of the Future”.

The event program includes the "Readiness Forum for Investment", which specializes in building the capacity of investment promotion professionals in the Emirate of Dubai, and the Forum "influential investment in development", which is held in partnership with the Dubai Future Foundation, and discusses the opportunities for institutional investment in entrepreneurship and innovation in the city of the future; The Investment Policy Forum, held in partnership with the Mohammed bin Rashid School of Government, discusses investment in Dubai's talent environment and future talent development and recruitment policies. The program will also showcase sectoral investment opportunities. The Dubai Health Authority (DHA) is organizing the Spotlight Forum on Healthcare Opportunities. The DMCC is organizing the Spotlight on Investment Opportunities in Trade showcasing the most important investment opportunities for Chinese companies in light of government strategies and trends. Globalism.

The Dubai Investment Week is scheduled to open on Monday, September 30th at the Jumeirah Emirates Towers, in the presence of a host of government leaders and international delegates from the United States, Britain, Italy, China, India, and executive leaders of global companies, entrepreneurs and investment experts. A number of keynote speakers from international experts, government leaders and senior executives will participate in the Leadership Dialogue sessions, which will include honoring investment projects that have won the 2018 Influential Investment in Development Award.