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FINANCIAL NEWS
Dubai reports 16.6% growth in 2012 FDI inflows
24 Mar 2013
(MENAFN) Dubai FDI CEO, Fahad Al Gergawi, stated that foreign direct investment (FDI) inflows to Dubai climbed by 16.6 percent in 2012 from a year before, reported Emirates 24/7.
Al Gergawi said that investments made by firms helped by Dubai FDI, the foreign investment office in the Department of Economic Development (DED), reached USD1.14 billion.
He added that the impact of investments on the emirate’s economy was USD4.98 billion, up by 14.3 percent from the USD4.35 billion recorded in 2011.
In 2012, Dubai FDI assisted 119 firms to establish businesses in the emirate, and another 46 firms to expand their existing businesses, with the number showing a surge of 114 percent from the previous year, when the total number of the companies stood at 77.
It is worth noting that investments made by firms assisted by Dubai FDI in 2011 reached USD979 million.
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