The ‘Dubai FDI Monitor’ open data initiative was recently recognised as a best practice among investment promotion agencies (IPAs) for monitoring and evaluation by the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), Government of Dubai announced on Sunday.
The FDI monitoring and reporting system, tracks and records five different types of FDI in real-time, including greenfield FDI and new forms of investments using advanced methodology and smart features.
For Dubai FDI, the recognition comes within months of announcing its annual results and rankings, where Dubai achieved the top spot in the world in attracting FDI in 2021, surpassing London and Singapore for the first time.
The UNESCAP featured Dubai FDI Monitor in its Handbook on Policies, Promotion, and the Facilitation of Foreign Direct Investment for Sustainable Development in Asia and the Pacific, which highlights FDI best practices and case studies on FDI attraction, promotion and facilitation, the statement added.
Fahad Al Gergawi, CEO of Dubai FDI said, “This esteemed recognition for the UNESCAP consolidates Dubai’s ambitious journey towards nurturing close cooperation with global investors and partnerships with FDI source countries,”
Dubai FDI is the first IPA in the world to publish real-time FDI data, investors can leverage the open data platform to assess Dubai’s competitiveness as an investment destination and identify emerging sectors.
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