Foreign Direct Investment in Dubai up 26 pct in H1

Source: Xinhua | 2018-10-07

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.