Dubai named preferred investment destination by World FDI Forum
20 Jun, 2019
Dubai FDI acquired a trophy for the Middle East’s Top Investment Promotion Agency (IPA) at the World FDI Forum 2019 presented by Site Selection magazine, in Sydney, Australia earlier this month. The award recognizes the UAE as the "overall best to invest" and the "best to invest per capita".
Dubai attracted $5.5 billion in investments in this year’s Q1, marking a significant growth of 176% from the previous year’s numbers, due to its growing infrastructure and the pro-business environment, additionally to the continuous government initiatives that continued to reinforce Dubai’s profile as a preferred investment destination of choice.
Fahad Al Gergawi, CEO, the investment development agency of the Department of Economic Development in Dubai (FDI) said: "We are delighted to receive this award that reflects Dubai’s continued commitment to ensuring it is a preferred investment destination. Forward-looking policies, as well as our constant engagement with investors and companies, ensure that we create initiatives that enhance investor confidence in Dubai,"
The three-day World FDI Forum highlighted best practices across multiple industries, such as FinTech and Industry 4.0, all with the aim to increase FDI.