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Tue 17 Jul 2018 01:55 PM

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Dubai FDI says Aftercare program set to boost foreign investment

Agency says 20% of FDI investments on local projects are from reinvestments, which reflects investors' trust in the emirate

Dubai FDI says Aftercare program set to boost foreign investment

Dubai FDI, the investment development agency of Dubai Economy Department (DED), has revealed the expansion of its Aftercare initiative, which aims to attract more foreign direct investments (FDI) into the emirate.

The Aftercare program is expected to provide a big push to increasing more FDI into Dubai, which currently makes up 7.1 percent of total gross domestic product (GDP), based on official statistics.

Dubai FDI said that 20 percent of FDI investments on local projects are from reinvestments, which reflects investors’ trust in the emirate.

The Aftercare program provides investors with growth and advisory services on how to effectively tap opportunities within the emirate, officials said in a statement.

Salah Rashid Al Ansari, adviser of the Aftercare and investors relations, Dubai FDI, said: “Dubai FDI spares no effort in finding ways to connect and reach out to investors as part of our overall strategy in spurring FDI development in the emirate.”

He added: “We look forward to further strengthening Dubai's attractiveness to FDI, as the UAE maintains the reputation as among the 10 most competitive countries in the world.”

Al Ansari said that the Aftercare program will contribute to the efforts to build a database and network of strategic investors, including an up-to-date list of their current and future investment interests.

Aftercare will also include a series of interactive events through which Dubai FDI aims to regularly monitor and measure investors’ sentiments and identify ways to address concerns.

The program also holds periodic meetings to discuss investor investment interests, identify investment growth plans, boost enabling factors and address barriers, and provide quarterly and yearly reports on all findings.

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