2. Under the law, the Agency will be tasked with reviewing and analysing the investment climate in the emirate, identifying investment opportunities and impediments to their growth, as well as dealing with any obstacles.
3. Article 12 of the law dictates that preferential advantages, including incentives and exemptions, be granted for investment projects in areas including infrastructure, industrial, social, educational and healthcare.
DUBAI FDI ROSE 26% IN FH OF 2018
1. Foreign direct investment (FDI) into Dubai rose 26 percent - $4.84 billion - in H1 2018 compared to the same time period last year, according to new data from the Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economic Development (DED).
2. According to the Financial Times – fDi Markets, Dubai ranks third globally in the number of greenfield FDI projects, which accounted for 64 percent of total FDI projects in H1 2018.
3. the total FDI projects during the course of the half year, 43 percent are using high and medium technology, according to the classification universally adopted by the Organisation for Economic Co-operation and Development (OECD). ‘Strategic projects’ accounted for 56 percent of total investment projects that Dubai attracted.
4. The United States, India, Thailand, Spain and the UK topped the list of source countries for FDI capital, while the US topped the list of investment projects, followed by France, the UK, India and Switzerland.
5. Additionally, FDI growth in ‘advanced technology’ led to Dubai being ranked third globally in FDI technology transfer, and third after Singapore and Shanghai among the top 25 destinations in the world when it comes to attracting FDI in AI and robotics, according to the Financial Times – FDI Benchmark.
DUBAI FDI TARGETS
1. A target list of five key countries has been compiled by the Dubai Investment Development Agency.
2. The investment development agency of the Department of Economic Development (DED) in Dubai has also announced the Dubai Team initiative for global promotional missions to five countries and 10 cities this year.
3. The United States, China, Japan, South Korea and India are on the list and the Dubai Team will soon be stopping over in the cities of Los Angeles, Denver, Houston, Phoenix, Shanghai, Shenzhen, Tokyo, Seoul, Mumbai and Bangalore to chase investments.
4. Dubai FDI said the initiative falls in line with its continuing efforts to promote investment opportunities and to strengthen its existing ties with the leading global cities, which attracted foreign investment projects worth AED17.76 billion to the emirate in the first half of 2018.
5. The Dubai Team is composed of members from 24 different entities, including the Dubai Health Authority, Department of Tourism and Commerce Marketing, Dubai Police, Dubai Exports, Expo 2020 Dubai, Dubai Airport Free Zone Authority, Emirates Group, Dubai Duty Free, Dubai International Financial Centre, Dubai South, Dubai Silicon Oasis and Dubai Creative Clusters Authority.
6. The Global Promotional Investment Program for 2019 is a continuation of efforts to enhance the prospects of FDI flows to the emirate, in line with the Dubai Plan 2021.
7. Dubai FDI has increased the number of its promotional missions from three in 2018 to five in 2019. Since the launch of the program in 2013, the Dubai Team has visited 18 American, five Canadian, and two Australian cities.
DUBAI INVESTMENT WEEK OCT 2018
1. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and chairman of The Executive Council of Dubai, has issued directives to start preparations for the fourth edition of the Dubai Investment Week (DIW) to be held from October 7-11.
2. The Dubai Investment Week, organised by Dubai Investment Development Agency (Dubai FDI), an agency of the Dubai Department of Economic Development, has significantly supported Dubai’s effort to facilitate growth, partnerships and innovative opportunities for the investor community, in addition to identifying unique opportunities for investment as well as regional and global growth.
3. The Dubai Investment Week, which will be held under the theme of Investing in Future Transformation, will focus on the role of foreign investment in shaping the future. The event will also showcase investment opportunities being generated by Expo 2020.
4. Dubai Investment Week will host a number of dialogue forums held in partnership with government entities, free zones and global consulting firms to discuss the event’s key themes and economic trends of interest to investors and policymakers.
(Source: arabianbusiness)
3. The United States, China, Japan, South Korea and India are on the list and the Dubai Team will soon be stopping over in the cities of Los Angeles, Denver, Houston, Phoenix, Shanghai, Shenzhen, Tokyo, Seoul, Mumbai and Bangalore to chase investments.
4. Dubai FDI said the initiative falls in line with its continuing efforts to promote investment opportunities and to strengthen its existing ties with the leading global cities, which attracted foreign investment projects worth AED17.76 billion to the emirate in the first half of 2018.
5. The Dubai Team is composed of members from 24 different entities, including the Dubai Health Authority, Department of Tourism and Commerce Marketing, Dubai Police, Dubai Exports, Expo 2020 Dubai, Dubai Airport Free Zone Authority, Emirates Group, Dubai Duty Free, Dubai International Financial Centre, Dubai South, Dubai Silicon Oasis and Dubai Creative Clusters Authority.
6. The Global Promotional Investment Program for 2019 is a continuation of efforts to enhance the prospects of FDI flows to the emirate, in line with the Dubai Plan 2021.
7. Dubai FDI has increased the number of its promotional missions from three in 2018 to five in 2019. Since the launch of the program in 2013, the Dubai Team has visited 18 American, five Canadian, and two Australian cities.
DUBAI INVESTMENT WEEK OCT 2018
1. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and chairman of The Executive Council of Dubai, has issued directives to start preparations for the fourth edition of the Dubai Investment Week (DIW) to be held from October 7-11.
2. The Dubai Investment Week, organised by Dubai Investment Development Agency (Dubai FDI), an agency of the Dubai Department of Economic Development, has significantly supported Dubai’s effort to facilitate growth, partnerships and innovative opportunities for the investor community, in addition to identifying unique opportunities for investment as well as regional and global growth.
3. The Dubai Investment Week, which will be held under the theme of Investing in Future Transformation, will focus on the role of foreign investment in shaping the future. The event will also showcase investment opportunities being generated by Expo 2020.
4. Dubai Investment Week will host a number of dialogue forums held in partnership with government entities, free zones and global consulting firms to discuss the event’s key themes and economic trends of interest to investors and policymakers.
(Source: arabianbusiness)
