In the technology, healthcare and logistics sectors
Dubai Investment Development is promoting business opportunities with investors in the United States
Fahad Al-Gergawi: "Dubai includes more than 60% of the companies listed in the (Fortune 1000) list."
The Dubai Investment Development Corporation, one of the Dubai Economic Institutions, revealed that it has communicated with a number of potential investors and partners in the United States, through virtual seminars, "webinars", to discuss investment opportunities in the sectors of technology, healthcare, and logistics in Dubai.
The Foundation pointed out that its move comes within the framework of a series of virtual seminars planned to be held during the year 2020, in line with its strategy that supports virtual communication, in light of the inability to exchange commercial missions due to the emerging Corona virus pandemic.
Historic company
Fahad Al Gergawi, Executive Director of the Dubai Investment Development Corporation, said: “There is a strong historical trade partnership between the United States and the UAE since 2009, as the UAE is one of the most important US export markets in the entire Middle East and North Africa region. During that decade, the volume of trade between the two countries grew by more than 40%.
He added: “This partnership is based on solid foundations, which contributed to raising the total volume of trade exchange between the two countries to $ 24.3 billion in 2019,” pointing out that Dubai includes more than 60% of the companies included in the “Fortune 1000” list, which is based in the city. Its regional headquarters.
Promising opportunities
For his part, the Consul General of the United States in Dubai, Philip Frain, stressed the importance of the efforts of the Dubai Foundation for Investment Development in holding these virtual seminars in three vital sectors, pointing out that these programs will help in strengthening the strong bilateral relations and consolidating close trade and investment ties between the United States and the State UAE. He said, "After we pass this pandemic, I look forward to welcoming American businessmen to Dubai, to explore promising partnership opportunities in it."
A global destination
In the same context, the Director of Investment Promotion Department at the Dubai Investment Development Corporation, Ibrahim Ahli, said that despite the challenges posed by the "Covid-19" pandemic, Dubai maintained its advanced position, among the most prominent global destinations for foreign direct investment, during the first half. From the year 2020, which places it in the third place in the world in terms of capital inflows for foreign direct investment for new projects, and the fourth in the world in terms of foreign direct investment inflows.
He added, "This clearly reflects the positive vision of the investors, based on the government's continuous commitment to diversification, innovation, infrastructure, ease of doing business, and other factors."
$ 4.98 billion in investment
The United States has been at the forefront of the list of the largest exporting markets for foreign direct investment to Dubai since 2015, according to data from the Dubai FDI Monitor, as the value of those investments amounted to $ 4.98 billion during the first nine months of 2019.
Medium and high technology investments in Dubai increased, during the first half of 2020, by 53%, compared to the same period last year.
Thanks to its leadership in applying the technologies of the fourth industrial revolution and embracing startups in the field of advanced technology, Dubai is one of the first cities in the world to benefit from the advantages of artificial intelligence, robotics, machine learning, blockchain, financial technologies and information technology in the healthcare sector.