Dubai’s FDI Ventures into overviewing prospects into boosting food, agribusiness, technology as well as healthcare

For the territories emerging markets Dubai has been positioned in such a way that it remains a critical hub.

The Emirates Investment Development Agency (Dubai FDI) had got associated alongside the capable investors as well as partners from diverse territories globally that encompasses of North America, Europe South Asia, Asia Pacific, and the Broader East to discover prospects in the tactical arenas of food and agribusiness, technology, as well as the healthcare.

Investment associates from China, India, Australia, USA (precisely New York City), Spain, and Italy involved with government and organizational broadcasters to development trade and investment prospects during the initial quarter of 2021.

Upholding the digital outreach and engagement strategy approved during the Covid-19 boundaries on in-person missions, the webinars have become an operative platform for stakeholders to endure sightseeing foreign direct investment (FDI) prospects in Dubai’s strategic sectors.

The Dubai Advantage webinar with Chinese investors encompassing the food, agribusiness and technology segments took place on January 12, 2021. Systematized in partnership with the Dubai (DIFC) branch of ICBC Bank, it was braced by Smart Dubai and Jebel Ali Free Zone Authority (JAFZA).

The Dubai Advantage in the Technology segment was made public with investors from New York City on February 3, 2021 in a webinar systematized with the international law firm Baker Botts and supported by Smart Dubai, Dubai Future Foundation (DFF), Dubai International Financial Centre (DIFC), and the US-UAE Business Council.

Meanwhile, Indian and Australian investors joined in a webinar on January 20, 2021 on prospects in Dubai’s Healthcare and Technology sectors, organized by Dubai FDI strategic Partner Musthafa & Almana and reinforced by Dubai Health Authority (DHA) and Smart Dubai.

The Dubai FDI’s director of investment promotion department, Ibrahim Ahli, stated that; “The UAE shares a strong trade and investment partnership with multiple countries across the world. At the same time, our leadership has a strategic vision that has prioritised public health along with business continuity during the challenging pandemic phase. Focused discussions between potential investors, the Dubai FDI team, and key public and private sector partners have helped us present the Dubai Advantage globally via webinars to maintain the city’s positioning as one of the world’s top attractors of FDI.”

Ahli added: “The ongoing participation of key government organisations in these virtual missions presents a holistic view of Dubai’s investment ecosystem. We work together as partners toward the future growth of Dubai.”

In the Technology segment, Dubai is one of the global prime movers in instigating the emerging technologies of the Fourth Industrial Revolution (4IR) and nurturing high-technology start-ups.

It is one of the initial cities globally to utilize the assistances of artificial intelligence (AI), robotics and machine learning, blockchain, financial technologies (FinTech), and HealthIT. Along with these, Dubai’s efforts on 3D printing, cybersecurity, and geographic information systems (GIS).

Dubai has placed itself as the city of the future with the decisive goal of attractive stakeholder happiness. At the same time, Dubai remains an imperative gateway to the region’s emerging markets, while its progressive infrastructure spots it as a global hub for trade and investment.

This communication, along with suitable data about the demand of specific sectors and the ease of setting up and doing business in Dubai, was conveyed to participants through demonstrations by the Dubai Government agencies as well as the Dubai FDI team. Participating investors were also given accessible to the prospects to enquire the presenter’s queries at a one-on-one level.

The Food and Agribusiness negotiations focussed on Dubai’s emphasis on emerging a robust food and agriculture ecosystem as an operative counter to probable global supply chain interruptions, particularly due to Covid-19 restrictions.

As a major re-export centre, Dubai upholds excellent amenities for fresh harvest and endures to focus on intentionally targeted investments and policies to fortify the ecosystem. Research and development into agricultural technologies that offer a variety of crops and yields continues to be an area of focus.

A progressively cumulative populace and strategic focus on medical tourism make Dubai a striking proposal for healthcare investment. Prospects include Centres of Excellence in specializations, like that of the, cardiology, neurology, and rehabilitation. The creation of basic pharmaceuticals; production, sales, and service of medical devices; and medical education endure to be areas of focus for investment in Dubai.

The effectiveness of Dubai FDI’s investor outreach programme, which went virtual in the initial half of 2020, is apparent from Dubai’s extraordinary performance in appealing high-quality FDI.

As a principal global FDI destination, Dubai recorded 455 FDI projects worth $24.7 billion in 2020, according to data from the Dubai FDI Monitor, which utilizes the Organization for Economic Cooperation and Development (OECD) methodology to trail FDI data.

Dubai sustained to rank among the top global FDI locations in 2020, ranking 1st in the Middle East and North Africa (MENA) region in appealing both FDI projects and capital, and 3rd and 4th globally in appealing greenfield FDI projects and greenfield FDI capital, respectively, according to the Financial Times’ f4IDi Markets, the foremost global source of data on greenfield FDI. The 2020 FDI presentation reaffirms Dubai’s robust FDI location fundamentals as well as its fiscal flexibility, sectoral diversity, and FDI future-readiness.

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