His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, revealed the continued flow of foreign direct investment to Dubai in the first half of this year, registering 190 projects with capital estimated at 12 billion dirhams.
Dubai Crown Prince: “The leadership of Mohammed bin Rashid has strengthened Dubai's leadership in attracting investment, and has dedicated the emirate’s pivotal role as a global economic center.” Dubai’s rankings among the world's best investment destinations reinforce the emirate’s position as a safe and stable destination on the global investment map. |
And His Highness affirmed that «the results confirm the readiness of the environment of the investment Emirate of Dubai, and its success in facing the pandemic challenge (Covid-19), and start to the stage of recovery and promote economic growth in record time, thanks to the leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and President The Cabinet and Ruler of Dubai, which has strengthened Dubai's leadership in attracting investment from emerging opportunities in strategic and new sectors. ”
Dubai Leadership
In detail, thanks to the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Dubai maintained its leadership among the world's preferred FDI destinations during the first half of this year, despite the negative effects of the pandemic. Covid-19 »is on the business of business expansion, and the significant decrease in FDI flows globally.
Dubai came first in the cities that attract foreign direct investment at the level of the Middle East and North Africa, and also ranked third globally in terms of the number of direct new projects, and the fourth globally in terms of project capital, according to the data of the "Financial Times" index FDI Markets, which records data on capital flows and new FDI projects around the world.
Foreign investment
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, revealed the continued flow of foreign direct investment to Dubai in the first half of this year, as the number of foreign direct investment projects announced in the emirate reached 190 projects with capital estimated at about 12 billion dirhams, which included vital sectors, most notably technology, e-commerce, and pharmaceutical industries, according to data from the Dubai Investment Observatory, affiliated to the Dubai Investment Development Corporation, a Dubai economic institution.
Investment environment
His Highness said: “The results of the influx of foreign investment in the first half of this year reflect the readiness of the investment environment of the Emirate of Dubai, and its success in facing the pandemic (Covid-19) challenge, starting the recovery phase and promoting economic growth in record time, thanks to the leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, who has strengthened Dubai's leadership in attracting investment from emerging opportunities in strategic and new sectors, and has dedicated the emirate’s pivotal role as a global economic center. ”
His Highness expressed his happiness with the new accomplishments achieved during the first half of this year, at the level of the global classification of the Emirate of Dubai, among the best investment destinations globally, which enhances the position of the Emirate of Dubai as a safe and stable destination on the global investment map, and indicates the diversity and attractiveness of investment opportunities in the emirate In the strategic and emerging economic sectors, according to the reports issued by the "Financial Times" index, during the first half of this year.
Digital readiness
His Highness, the Crown Prince of Dubai, emphasized that the readiness of the digital emirate of Dubai, and the diversification of promising investment opportunities in it for the sectors of entrepreneurship and technology, have enhanced the success of economic activities in facing the unprecedented challenges of the unprecedented "Covid-19" virus.
His Highness praised the efforts made by government agencies and free zones in Dubai, in order to facilitate the establishment and growth of investment projects, and support business continuity, in these exceptional circumstances, so as to enhance the confidence of the global investor community in the emirate now and in the future.
Bold capital
Dubai ranked first in the Middle East and North Africa region, and 11th globally, in the ranking of the top 20 global destinations for bold capital investments, according to the report, "Global Classification for Venture Capital Investment 2020".
The data of the "Dubai Investment Observatory" indicate the sustainability of investment flows in startups, which are based in Dubai, which amounted to 739 million dirhams in the first half of this year.
Cities of the future
Dubai also ranked among the top 10 global cities in the classification of future cities in the space industries 2020/2021, as it ranked seventh globally, and ranked second globally in the performance of foreign direct investment in the sector.
The data of "Dubai Investment Observatory" indicates an increase in medium and high technology investments during the first half of this year, by 53%, compared to the same period last year, according to the classification adopted internationally by the Organization for Economic Cooperation and Development.
New opportunities
The Director General of Dubai Economy, Sami Al Qamzi, stressed that “the results and indicators of FDI inflows in the first half confirm the success of the diversified economy in providing new investment opportunities, despite pandemic challenges (Covid-19), reflecting the sustainability of growth And the expansion of global and emerging companies in the Emirate of Dubai, under the leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, which was strengthened by The capabilities of the local and global investor community in the emirate to confront and overcome the consequences of precautionary measures and global market turmoil ».
Al-Qamzi added that, despite the challenges of the global pandemic, the first half of this year witnessed positive developments in the investment environment in the UAE and the Emirate of Dubai, driven by economic stimulus packages to support business continuity, and the issuance of the executive regulations of the new investment law, to enhance investment in economic sectors New ”, praising the role of the private sector as a strategic partner in facing the challenges of the“ Covid 19 ”pandemic, which was clearly demonstrated in the sustainability of supply chains for goods and products, which enhanced the competitiveness and flexibility of the Dubai economy.
He continued: «Dubai Economic is working to enhance the readiness of the investment environment in the emirate for the post (Covid-19) stage, in partnership with the local and global investor community, by identifying current challenges and developing incentive plans and initiatives, to ensure business continuity in the short term, as well as working on Transforming economic challenges and transformations into new opportunities that enhance the future of business expansion and growth in the emirate.
Sami Al-Qamzi: "The results of foreign investment flows confirm the success of Dubai's diversified economy in providing new opportunities."
Dubai is at the forefront of global investment destinations
The Executive Director of the Dubai Investment Development Corporation, a Dubai economic institution, Fahd Al Gergawi, confirmed that the Emirate of Dubai is today at the forefront of the most ready and flexible global investment destinations, thanks to the prudent policies and measures taken by the leadership in facing the challenge of the "Covid-19" pandemic. The FDI projects in the first half of this year were distinguished by directing capital, technology and talent to innovation, as well as productive and operational capabilities, which confirm the attractiveness and stability of the investment environment in the Emirate of Dubai on the one hand, and the leadership of the emirate in digital transformation and applications of the technology of the fourth industrial revolution , Which provides renewed investment opportunities for growth, partnership and innovation for global and emerging companies, on the other hand.
Al-Gergawi pointed out that the data of "Dubai Investment Observatory", in the first half of this year, shows the efficiency and speed of services provided by the Dubai government and free zones, to facilitate the process of establishing and licensing investment projects and companies in the Emirate of Dubai.
He added: "We are working closely with investors to facilitate the start of announced foreign direct investment projects, the operation of which was negatively affected by the pandemic (Covid-19), with the start of the rotation of the wheel of the economy in the emirate, and the lifting of restrictions on travel."
Al-Gergawi revealed the Dubai Investment Development Corporation’s development of a number of new digital services, in response to the pandemic challenges of “Covid-19,” as it maintained direct communication with investors and partners, providing them with information and data, and providing support services to overcome the challenges of the current crisis through the aftercare program In addition to launching a series of virtual investment promotion missions, in cooperation with international partners, and the participation of the relevant government agencies and free zones in the Emirate of Dubai, to continue to introduce the strategic advantages of the Emirate of Dubai as a preferred global destination for foreign direct investment, and to provide detailed offers on strategic and emerging investment opportunities in the emirate.
Al-Gergawi explained that "holding specialized seminars remotely, in the sectors of health care, logistics operations, electronic commerce and the digital economy, along with new sectors, such as food and advanced agricultural technology, have succeeded in attracting wide participation from investors and partners around the world."
Fahad Al-Gergawi: «Data (Dubai Investment Observatory) show the efficiency and speed of services.