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DUBAI / WAM
HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has expressed his happiness at Dubai’s number one ranking globally among the ‘Top FDI Performers 2018’ and termed the achievement “a precursor to Dubai’s future achievements.â€
Sheikh Hamdan said, “We are proud to announce the latest results of FDI capital inflows in 2018, which has reached AED38.5 billion, a growth of 41 percent over 2017, taking Dubai to the sixth place from 10th in global capital flows into greenfield projects.
Dubai has also attracted 523 FDI projects in 2018, an increase of 43 percent over 2017, elevating the emirate’s global ranking in the number of new investment projects to third from fourth.â€
Dubai’s top FDI ranking follows the city being featured among the best performers in reports like the global cities of the future; digital economies of the future; aerospace locations of the future; and top global free zones of the year. The ‘Top FDI Performers 2018,’ published by the Financial Times’ FDI Intelligence magazine is based on data compiled by FDI Markets, the world’s leading online platform that monitors capital flows and new FDI projects around the world, and FDI Benchmark, which identifies the best FDI destinations based on comparison of latest FDI data.
Sheikh Hamdan emphasised that the latest achievements revealed in the annual ‘Dubai FDI Results & Rankings Report 2018’ of the Dubai Investment Development Agency (Dubai FDI) reflect global investors’ continued confidence in Dubai’s ability to sustain economic growth, and further boosts its global leadership. The first rank is a precursor to Dubai’s future achievements, he added.
FDI plays a central role in the transfer of knowledge and technology as well as in attracting global talent, which are the pillars supporting the emirate in achieving its goals set in the Dubai Plan 2021 and the 50-Year Charter aimed at strengthening Dubai’s position as a pivotal hub in the global economy, Sheikh Hamdan said.