During the first half of 2019 H1, Dubai had attracted a staggering $12.7 Billion in foreign investments.
The first half of 2020 witnessed a record FDI (Foreign Direct Investments) that continued to flow to Dubai with the announcement of more than 190 FDI projects, that attracted approximately an estimated capital worth Dh12 billion, that has reflected that Foreign Investors have a very powerful demand for Emirate’s even during the most challenging times.
Dubai has thus, gained huge popularity amongst emerging Foreign Investors and touted as FDI hub. Dubai had garnered Dh46.6 Billion, during first half of 2019 during foreign investments, an estimated surge of 135 percent from the previous year.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai stated that “The sustained FDI flows between H1 2020 replicate the persisted attractiveness about Dubai’s investment environment, or its accomplishment into combating the current health-virus-economic crisis and preliminary lifting phase between record time. Thanks all according to the presidency over His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President as well as Prime Minister of the UAE and Ruler of Dubai, Dubai has in addition enhanced its potential according to tempt investments within rising opportunities across strategic or latest sectors, as well as improved its central role as like a global financial hub.”
Additionally, the overall net capital flows within Dubai backed start-ups have exceeded more than a staggering Dh739 Million during first half of 2020. The Arab league’s powerful economy Emirate had done exceedingly well to be placed 7th globally within top 10 International cities in the rankings of the ‘FDI Aerospace Cities of the Future 2020-21’ report, as well as ranked globally 2nd in FDI performance within the sector.
Data out of ‘Dubai FDI Monitor’ also confirmed a 53 percent surge in medium or high technology investments of H1 2020, in contrast in accordance with the same duration the previous year.
Data confirmed as 50 percent about aggregate introduced projects are greenfield FDI projects, followed by using current forms on investment (NFI) projects (36 percent), re-investment projects (8 percent), mergers and acquisitions (4 percent), or modern league ventures (2 per cent).
The USA topped the list of source nations into terms concerning FDI capital flows in accordance with Dubai between H1 2020, accounting for 25 percent regarding the total, accompanied by France (18 percent), Belgium (9 percent), as well as UK and China (8 percent each). These five international locations collectively accounted for sixty-eight percent regarding total FDI capital flows in imitation for Dubai.
Sami Al Qamzi, director-general over Dubai Economy, acknowledged FDI developments into H1 2020 validated Dubai’s success into creating instant investment opportunities notwithstanding the most turbulent times ahead during the present-day crisis.
The emirate was ranked third between the variety concerning greenfield FDI projects as well as fourth in FDI capital flows, in accordance to Financial Times’ fDi Markets. The fDi Markets’ Global Venture Capital FDI Ranking 2020 document also ranked Dubai first among the Mena vicinity and eleventh globally among the top 20 most famous destinations for the venture capital investments.
Mr. Qamzi further emphasized that despite all the present day toughest crisis phase prevalent globally, the first half of the year proved beneficial due to the high quality traits in the investment ecosystem within the UAE and Dubai, driven by way of stimulus applications in conformity with support business stretch and booklet regarding government law on the UAE FDI law.
Anurag Chaturvedi, CEO of the Chartered House, acknowledged solution elements that appeal to foreign direct investment are cutting-edge Infrastructure, lower inflation rate, get entry to in conformity with finances as well as stable government.
“Since Dubai is centred after appeal to e-commerce, FinTech as well as the pharmaceutical entrepreneurs, that shall strengthen an encouraging atmosphere for all of these sectors in conformity with appealing superior foreign investment. In my opinion, greater sectors desire be added according to a hundred care of cent ownership model and mixture of the atop said elements shall amplify FDI for Dubai, effective forward,” mentioned Chaturvedi.
Fahad Al Gergawi, CEO of Dubai FDI, affirmed so much Dubai is presently one regarding the world’s government international funding destinations within terms on crisis preparedness then resilience, gratefulness in accordance with the insurance policies yet measures adopted by way of the leadership to navigate the challenges posed by optimally utilizing the present crisis phase.
“With the easing of restrictions concerning movement and travel, we are pursuit intently with investors in accordance with facilitate the realization regarding introduced FDI projects that confronted challenges so an end result of the crisis,” Al Gergawi added.
