Across 190 projects during the first half of 2020

Dubai attracts 12 billion dirhams of foreign direct investment

Dubai is the first in the region in terms of attracting foreign direct investment projects.


Dubai succeeded in attracting 12 billion dirhams of foreign direct investment through 190 projects during the first half of this year, despite the global crisis caused by the "Covid-19" pandemic.

The Dubai Investment Development Corporation, a Dubai economic institution, stated that about 25% of the foreign direct investment capital came from the United States, followed by France (18%), Belgium (9%), the United Kingdom and China (8% each), while the percentage was distributed. Remaining on other countries.

According to a statement issued yesterday, Dubai ranks first in the Middle East and North Africa region, and third in the world in the number of attracting foreign direct investment projects, and is the first in the Middle East and North Africa and sixth in the world in terms of foreign direct investment capital inflows after Singapore, Shanghai, London and New York. And Hong Kong.

On the other hand, the DIFC Courts signed a cooperation agreement with the Dubai Investment Development Corporation to support the emirate's economic ambitions in line with the Dubai Plan 2021, and to enhance investor confidence in the emirate.

Complementing the cooperation that started for the first time in 2015, the terms of the memorandum stipulate that the two sides will continue cooperation in exchanging information and research and hosting joint conferences and exhibitions.

Omar Al Muhairi, Vice President of the DIFC Courts, said, “The DIFC Courts have realized an urgent need to find dispute settlement services that meet the requirements of advanced business and transcend traditional penal and geographic boundaries.”

Al Muhairi added, "While every country has some kind of trade dispute settlement solution, the countries that rank high in the World Bank Index have realized the importance of investing in building specialized and reliable business courts."

In turn, the Executive Director of the Dubai Investment Development Corporation, Fahad Al-Gergawi, said, "The legal system that is able to link smoothly with jurisdictions around the world is one of the main platforms that have supported Dubai's continued growth as a center for attracting foreign direct investment capital." Investors realize the importance of having an advanced and mature legal framework for resolving disputes. ”

• Dubai International Financial Courts and “Investment Development” enhance investor confidence in Dubai.

Follow our latest local and sports news, and the latest political and economic developments via Google news