Saturday 26 May 2018
Dubai has emerged as the world’s top-ranked location in attracting Foreign Direct Investment technology transfer in the Artificial Intelligence and Robotics sector in 2017, according to the results of a benchmarking study by Financial Times’ fDi Markets.
Seen in conjunction with the city’s third rank as the global FDI location for AI and Robotics in the same study, this strengthens Dubai’s position as the world’s favorite place to do business in the fields of high and futuristic technology.
The fDi Markets study also ranked Dubai fourth in the world in attracting the number of greenfield FDI projects, and 10th in the world in greenfield FDI capital flows. Greenfield FDI typically involves a foreign company building its operations from the ground up, including the potential construction of new production facilities, new distribution hubs, offices, and living quarters.
At the opposite end of the spectrum, another achievement by Dubai in the benchmarking study is its ranking at No. 5 globally in the number of reinvestment projects attracted to the emirate. Reinvestment FDI is when a company follows up an initial investment with more capital, thereby rooting operations at more firmly at a location.