Dubai Poised to Lead The Next Economic Boom!
Is Dubai heading for another economic boom? Industry and financial experts reply in the affirmative. They base their insights on the latest Dubai FDI Monitor data, ranking Dubai first in the Arab world and third globally in FDI attraction.
“Dubai is now among the world’s most attractive FDI locations. Global investors have placed their confidence in our business ecosystem,” says H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive.
The United Kingdom (UK) led the capital inflows into Dubai with 29%, followed by France (19%), the US (14%), Saudi Arabia (6%), and India (4%). Together, these five countries accounted for 72% of the total capital inflow into Dubai.
In terms of FDI projects, the UK ranked first at 20%, followed by the US (19%), India (11%), France (6%), and Germany (5%). These figures, according to Menon, show Dubai can sustain the interest of the West, which holds the key to future events.
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