Dubai investment agency set to seek more Indian investors

Trade between India and Dubai during the first six months of 2016 was valued at $13.1bn
Dubai investment agency set to seek more Indian investors
Dubai FDI will attend a two-day mission to India in a bid to attract investors from the country.
By Neha Bhatia
Mon 28 Nov 2016 10:57 AM

Dubai Investment Development (Dubai FDI), a part of the emirate's Economic Department, will attend a two-day mission to India in a bid to attract investors from the country.

Dubai FDI will be accompanied by its business development services partner, Morison Menon.

Ibrahim Ahli, director of the investment promotion division at Dubai FDI, said the delegation is driven by India's historic role as the emirate's largest trade partner.

Trade between India and Dubai during the first six months of 2016 was valued at $13.1bn (AED48bn), accounting for 7% of the emirate's non-oil trade.

According to WAM, Ahli continued: "India has remained the number one trade partner for Dubai for long and though China overtook [it] in 2015, new and vast avenues have opened up for Dubai and India to take their engagement to a new level, spanning commodities, services and state-of-the-art technologies."

"Together, Dubai and India represent a promising synergy capable of promoting trade and investment, even beyond their respective geographies."

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