Dubai attracted AED 25.5 billion in foreign investment in 2016

Dubai attracted Dh25.5 billion in foreign direct investment (FDI) inflows in 2016 and succeeded in maintaining its position among the top 10 global cities in drawing in foreign investment. The emirate ranks seventh worldwide, announced Crown Prince of Dubai and Chairman of the Executive Council Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum. Dubai has also succeeded in attracting 247 new investment projects, which contributed to reaffirming its position as a preferred international investment destination, and stood third behind London and Singapore in new investment initiatives in 2016, as per the latest Dubai FDI Monitor report released by the Dubai Investment Development Agency (Dubai FDI), an agency of Dubai Economy, and FT (Financial Times) fDi Markets data.