DUBAI WORLD’S KEY DESTINATION FOR FOREIGN DIRECT INVESTMENT

Dubai continued to maintain its leadership position among the world’s preferred destinations for foreign direct investment (FDI), attracting Dhs15.9 billion ($4.3 billion) of FDI capital inflow from 378 projects in the first nine months of 2021, a significant increase from the same period of 2020, according to data from the ‘Dubai FDI Monitor’ released by Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economy and Tourism (DET) in Dubai. The positive growth places Dubai third globally in key metrics including attracting greenfield foreign direct investment capital and projects, for FDI into reinvestment projects and for being among the top global FDI locations of the future, according to the ranking by Financial Times’ fDi Markets, which captures and compares FDI data across the world. Source : Gulf Today