ZCZC
BCN-32
DUBAI-ECONOMY-INVESTMENT
Foreign Direct Investment in Dubai up 26 pct in H1
DUBAI, Oct. 6, 2018 (BSS/Xinhua) – Foreign Direct Investment (FDI) in Dubai rose
26 percent year-on-year to reach 4.84 billion U.S. dollars in the first half
of 2018, according to the official Dubai Media Office on Saturday.
The number of FDI projects surged to 248, a year-on-year increase of 40
percent, it said.
“The rise in FDI capital and projects reinforces Dubai’s leading position
as the preferred global location for international businesses and start-ups
pursuing growth and expansion and clearly reflects investors’ confidence in
Dubai’s economy,” said Sheikh Hamdan Bin Mohammed Al-Maktoum, the Crown
Prince of Dubai.
Strategic projects accounted for 56 percent of the total investment
projects that Dubai attracted in the first half of 2018.
The United States, India, Thailand, Spain and Britain topped the list of
source countries for FDI capital.
BSS/XINHUA/SR/1915 HRS