Built to inform

Sign up for the daily newsletters

No, Thank you

FDIs in Dubai grow 135% to reach $12.7bn in H1 2019

Dubai ranks third in the world for attracting FDIs, and saw a 135% growth on corresponding figures for H1 2018

FDIs into Dubai grew in H1 2019.
Pixabay
FDIs into Dubai grew in H1 2019.

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, announced that Dubai had attracted foreign direct investments (FDI) worth $12.7bn (AED46.6bn) in H1 2019, marking a 135% year-on-year growth in the figure, according to Dubai Investment Development Agency (Dubai FDI), a part of Dubai Economy.

Dubai ranks third in the world for attracting FDI in terms of both capital flows and the number of greenfield projects.

FDI projects with high- and medium-technology components made up 47% of total FDI projects in the first half of 2019, according to Organisation for Economic Cooperation and Development's criteria.

These FDI projects also claimed a 48% share of the 24,294 new jobs created in H1 2019, Wam added. 

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 761
Mar 21, 2020