Error message

  • Warning: mysqli_connect(): php_network_getaddresses: getaddrinfo failed: Name or service not known in include() (line 276 of /var/www/www.monocodebase.com/htdocs/sites/default/settings/www.constructionweekonline.com.settings.php).
  • Warning: mysqli_connect(): (HY000/2002): php_network_getaddresses: getaddrinfo failed: Name or service not known in include() (line 276 of /var/www/www.monocodebase.com/htdocs/sites/default/settings/www.constructionweekonline.com.settings.php).
  • Warning: mysqli_close() expects parameter 1 to be mysqli, boolean given in include() (line 300 of /var/www/www.monocodebase.com/htdocs/sites/default/settings/www.constructionweekonline.com.settings.php).

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

CW Oman Awards 2020: Meet the winners
A round of the thirteen winning names at the Construction Week Oman Awards 2020 that

Conferences

Leaders UAE 2020: Building a sustainable, 'resilient' infra
AESG’s Phillipa Grant, Burohappold’s Farah Naz, and Samana's Imran Farooq on a sustainable built environment
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

Latest Issue

Construction Week - Issue 767
Sep 01, 2020