Dubai boosts advantages as global investment hub


Dubai boosts advantages as global investment hub

Published: Sun 16 Jun 2019, 4:50 PM

Last updated: Fri 28 Jun 2019, 2:59 PM

Dubai Investment Development Agency (Dubai FDI) has announced its participation as event sponsor at the upcoming World Forum for FDI 2019, which will discuss future trends over the next 25 years, while site selection experts set to tackle the issues impacting foreign direct investments (FDI).
The event will take place on June 17-19, 2019 in Sydney, New South Wales. Dubai FDI, which won the bid to host the next forum in 2021, will be showcasing Dubai's investment opportunities as the world's most preferred investment destination, featuring some of its highly invested sectors such as technology, healthcare, aviation and logistics. The team will also be participating in various conference sessions and will hold high level meetings during the event.
Fahad AlGergawi, CEO of Dubai FDI, said: "Dubai FDI continues to engage in global initiatives that offer new opportunities to present Dubai's leading efforts in creating an ideal investment destination. We are confident that participating at the World Forum for FDI 2019 will further boost our presence in Australia's investment market as well as connect with leading investors worldwide. Dubai has always been a high growth market for Australia which considers the UAE as its largest trading partner in the Middle East."
Based on the latest update from Dubai FDI Monitor, Australia's total number of FDI projects from 2015 to Q1 2019 has reached to 36, with a total capital expenditure reaching Dh455,470 million. Leading business functions invested in by Australian companies include business services; education and training; logistics, distribution and transportation; sales, marketing and support; and retail. These functions are across multiple clusters including ICT and electronics, financial services, professional services, consumer goods, and creative industries.
AlGergawi further noted that Dubai is set to welcome global investors in 2021, where the World Forum for FDI 2021 will be hosted during the time of Expo 2020. "We are excited to bring together one of the world's largest FDI events to the Middle East in partnership with Conway. It is another milestone in the making for the emirate, in keeping with our global reputation as the preferred investment destination worldwide. Dubai continues to raise its profile considering its unique value proposition as a city of the future, and the gateway to regional growth markets and key hub of growth within the global economic and investment networks," he concluded.

By Staff Report

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