Tuesday 27 March 2018
Dubai witnessed inflows of USD 6.94 billion in 2016, the seventh-highest globally, as the city continued to gain global investors’ trust and maintain its position among the top city destinations of FDI capital worldwide. Analysis of the Financial Times’ fDi Markets data by the Dubai FDI Monitor shows that the 247 FDI projects received by the city ranked it at No. 3 globally by number of FDI projects, behind only London and Singapore.
The largest capital investment in 2016 came from Canada, UK, France, Spain, and the US, compared to 2015, when the main source countries were Saudi Arabia, US, UK, India, and Germany. The top five FDI capital source countries by Capex in 2016 accounted for 69 percent of total inward investment.
The positive momentum of 2016 bolstered the efforts toward realization of the goals of the UAE Vision 2021 and the Dubai Plan 2021. In spite of increasingly challenging global and regional economic conditions, Dubai reaffirmed the strength of its diversified economy and thriving investment ecosystem, as the city continues to augment its position as the regional gateway and global hub.
In 2016, 60 percent of total FDI projects were classified as strategic and attracted 92 percent of total FDI capital. Similarly, 73 percent of all projects were at the High and Medium Technology levels, accounting for 29 percent of total inward FDI capital.