His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, revealed that FDI inflows to Dubai registered an exceptional growth during the first half of this year, with the capital of investment projects announced during that period amounting to AED 46.6 billion, a growth of According to data from the Dubai Investments Observatory of the Dubai Investment Development Corporation, one of Dubai's economic institutions.

His Highness said that the continuous development within the various economic sectors, including the investment sector, which follows the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, for the future, is reaping the fruits of success attesting the economic policies of the emirate. In a manner that serves our strategic objectives, takes into account the interests of our partners, and ensures their success. ”

Issue

His Highness added that «Dubai's ranking third among the cities attracting investment is a testament to the success of our economic policies, and a new achievement reflects the positive development of our investment environment in particular and the economic landscape in the emirate in general».

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum pointed out that “the strong ties that have always brought together Dubai and the public, both inside and outside the UAE, are among the pillars of its investment structure and pave the way for further success in its founding and harvesting. The fruits of the government and private sectors ».

"Our distinguished relationships with the local and global investor community are a guarantee that supports our ambitions for further joint successes," he said.

Third in the world

The FDI Markets Index, which records data on capital flows and new FDI projects around the world, ranked Dubai third in the world in attracting foreign direct investment in terms of capital flows and the number of new investment projects. The first half of 2019 ranks the cities most attractive to foreign investment, and confirms its 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.

Sophisticated investment environment

Sami Al Qamzi, Director General of Dubai Economic Department, said that the emirate's position as one of 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. Direct to Dubai in the first half of 2019, which reflects the competitiveness and resilience of Dubai's economy in the face of the global changes and economic challenges that have negatively affected the flows of foreign direct investment globally in recent years.

Al Qamzi said Dubai's rise in global indices underlines the growing confidence of the global investment community in the emirate's developed investment environment, under the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. 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

Al Qamzi pointed out that the growth of FDI inflows 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 Partner with the investor community, both in the UAE and around the world.

Al-Qamzi pointed out that the data and reports «Dubai Investment Observatory» shows the position of the Emirate of Dubai in the forefront of the cities most attractive to foreign investments in the indicators of specialized international institutions, where the Emirate is classified as a major city on the map of global investment, within the framework of benchmarking comparisons that determine the best locations of foreign direct investment In the world.

He explained that the Emirate of Dubai ranked third in the ranking of the best investment sites in the world, and second in terms of economic prospects in the report `` Global Future Cities 2018-2019, '' issued by the index «FDI Benchmark» of «Financial Times», which confirms The success of Dubai Government's strategic initiatives in all vital economic sectors in opening wide prospects for investment in the emirate present and future.

Investment Environment Readiness

Fahad Al Gergawi, Executive Director of the 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 since 10 Years.

Al-Gergawi added that foreign investment projects are characterized by directing capital, technology and talent to productive and operational capabilities, pointing out that the choice of Dubai as a preferred location for investment reflects the readiness of the investment environment in the emirate which is full of promising opportunities.

First half data

Al-Gergawi said that the data of «Dubai Investment Observatory» confirms the success of Dubai's diversified economy in creating new investment opportunities in terms of strategic investment projects, which reflects the growth and expansion of international companies in the emirate of Dubai. The emirate reached 257 projects in the first half of 2019, distributed by 61% for new projects, 27% for new investment projects, 6% for reinvestment projects, 5% for mergers and acquisitions, and 1% for new joint ventures, while strategic investment projects accounted for 62%. % M Total of foreign direct investment to Dubai money flows in the first half of 2019.

He added that the data of 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 Singapore ranked fifth with 5%, while the five countries combined accounted for 83% of total FDI capital flows to Dubai in the first half of this year.

Major investment deals

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

Al Gergawi pointed out that Dubai is working to create new opportunities for growth, partnership and innovation for international companies, noting that the first half of 2019 saw the launch of two large investment projects from China, as Zhejiang China Commodities Group invests in the new Merchant Market, the joint venture. With DP World, China Co Op Group has also announced an investment in a new food processing plant in Dubai.

He pointed out that the total investment for both projects will reach about 12.5 billion dirhams, which reinforces Dubai's position as a starting point for the expansion of regional and global markets and highlights its role as a major axis in the global economy.

Reinvestment

Al-Gergawi pointed out that the data of «Dubai Investment Observatory» indicates the increase of reinvestment activity by international companies in specific projects, such as the new headquarter project for the Middle East, for the British bank «HSBC», with investments of 918 million dirhams, in addition to the construction of the first A hydrogen analysis facility in the region for Siemens, Germany, with an investment of 248 million dirhams.

Crown Prince of Dubai:

“Dubai is the world's third most attractive investment city, a testament to the success of our economic policies.”

"Our excellent relationship with the investor community is a guarantee that supports our ambitions for further joint successes."

“The strong bonds that Dubai has long had with investors are among the pillars of its investment structure.”

Dubai is second in the world in terms of economic prospects.

Remarkable progress

Dubai has achieved remarkable progress in attracting high-tech and specialized talent projects, according to the data of «Dubai Investment Observatory» to the growth rate of projects that use high and medium technology, reaching 47% of the total investment projects during the first half of this year, according to the observatory and classification data Internationally accredited by the Organization for Economic Cooperation and Development.

Dubai has been ranked ninth in the world in terms of creating new jobs through FDI, according to the FDI Markets Index, further strengthening its position as one of the world's most attractive destinations for promising talent.

Special qualities of companies

Fahad Al Gergawi, Executive Director of the Dubai Investment Development Corporation (DFID), said that there is a general international awareness that Dubai provides special types of companies that can be launched globally, and therefore there is a focus from large companies on the large acquisitions witnessed in Dubai during the last period. That acquisitions are an investment in the local economy.

Al-Gergawi revealed that discussions have taken place with international investment funds looking to be present in the local market, in order to achieve other successful acquisitions, and to explore possible opportunities.He pointed out that this transformation is launching a new type of companies in Dubai, which views the local market as an opportunity.

Investment in Future City

Fahad Al Gergawi, Executive Director of the Dubai Investment Development Corporation (DFID), said 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 as part of the Dubai Investment Week, which will be held from 29 September. Under the slogan “Investing in the City of the Future”, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, will attend the event.

The 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 Dubai Future Foundation, and discusses institutional investment opportunities in entrepreneurship and innovation in the city of the future.