The Emirate of Dubai has strengthened its position in the attractiveness of the business environment in the Arab region, as it has continued to maintain its leadership in this field and has become one of the top three future investment destinations globally.
According to the Dubai Investment Monitor, foreign direct investment flows to the emirate during the first nine months of last year grew steadily despite the conditions imposed by the global health crisis.
The value of the announced projects' capital grew by 16 percent on an annual basis to reach 15.9 billion dirhams ($4.3 billion) from 378 foreign direct investment projects, while reinvestment projects amounted to 11 percent of the total investment projects. Investments in advanced and medium technologies accounted for 64 percent of capital inflows of foreign direct investment, an increase of two percent compared to an annual basis.
Job creation from foreign direct investment witnessed a significant growth in that period, reaching more than 16.4 thousand new job opportunities.
The source (Al-Arab London Newspaper, Edited)
