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Dubai FDI targets global investment market

The Dubai Investment Development Agency, Dubai FDI, a part of the Department of Economic Development, DED, announced the Dubai Team for global promotional missions to five countries and 10 cities in 2019.

The initiative is in line with Dubai FDI’s continuing efforts to promote investment opportunities in the emirate and to strengthen its existing ties with the leading global cities, which attracted foreign investment projects worth AED17.76 billion to the emirate in the first half of 2018, underscoring Dubai’s strong position as a global investment destination.

The announcement was made during a recent meeting organised by Dubai FDI to discuss its Global Promotional Investment Programme for 2019, which was attended by strategic partners from the Dubai Team, which are composed of members from 24 different entities, including the Dubai Health Authority, Department of Tourism and Commerce Marketing, Dubai Police, Dubai Exports, Expo 2020 Dubai, Dubai Airport Free Zone Authority, Emirates Group, Dubai Duty Free, Dubai International Financial Centre, Dubai South, Dubai Silicon Oasis, and Dubai Creative Clusters Authority.

The team discussed the strategic vision followed by the organisation to further enhance the emirate’s reputation in international markets and to boost the international investment community’s confidence in Dubai’s business environment, in addition to the distinguished and active participation of both public and private entities in the current plans and programs to promote trade initiatives across key economic sectors. The meeting provided an ideal platform to discuss the agenda of the Dubai Team for global promotional investment missions and identified target countries, where new global promotional missions will be organised.

The forum identified five countries – the United States, China, Japan, South Korea and India. The Dubai Team will soon be conducting missions to these countries, stopping over in the cities of Los Angeles, Denver, Houston, Phoenix, Shanghai, Shenzhen, Tokyo, Seoul, Mumbai and Bangalore as target destinations.

Fahad Al Gergawi, CEO of Dubai FDI, said, “Dubai’s achievements in the last few years reflect the Emirate’s success in keeping pace with economic transformations and its ability to create and maintain an investment-stimulating environment. The Global Promotional Investment Programme for 2019 is a continuation of our efforts to enhance the prospects of FDI flows to the emirate, in line with the Dubai Plan 2021 to establish its reputation as a futuristic city and a global centre for business and investments.”

Dubai FDI has increased the number of its promotional missions from three in 2018 to five in 2019. Since the launch of the programme in 2013, the Dubai Team has visited 18 American, five Canadian, and two Australian cities. These missions form an integral part of Dubai FDI’s global promotional campaign.

Source: WAM

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