Video: Dubai attracts record $10.5bn foreign direct investment in 2018, creating 25,000 jobs

Wed 10 Apr 2019 10:01 AM GST
Dubai attracted $10.5 billion (AED38.5bn) worth of foreign direct investment (FDI) in 2018, up 43% compared to 2017, climbing to the sixth place in global FDI capital flows ranking.

In 2018, Dubai attracted 523 FDI projects, resulting in the emirate rising from fourth to third in the global ranking of number of new investment projects.

These FDI projects have led to 25,000 new jobs being created by investors, with medium and high-tech FDI projects being the main driver.

"A very important figure came from international ranking for Dubai as the highest growth globally. In terms of FDI on AI (artificial intelligence), we ranked third globally. Dubai FDI has looked at contributing 6 percent to the UAE’s GDP and we are always within that healthy number and sometimes even higher.”

(Source: Arabianbusiness.com YouTube channel)