Off the wire
• U.S. dollar slumps against other major currencies  • Carlsberg sees progress in Eastern Europe in Q1  • Roundup: Series of IS bombing attacks kill more than 90 in Iraq's capital  • No silver bullet to stop terrorist use of internet: Microsoft  • Industrial electricity price 20-pct higher in Slovakia than in Western Europe  • Ghana's electoral body rules out extension of limited voter registration  • British FTSE 100 rises 0.09 pct on Wednesday  • 69th Cannes Film Festival kicks off in Cannes  • Belarus, Turkmenistan say Garlyk potash factory to be launched on schedule in 2017  • Croatia moves 8 firms off strategic companies list to reduce debt  
You are here: 　 Home

Dubai's 2015 FDI hits 7.62 bln USD

Xinhua, May 12, 2016 Adjust font size:

Dubai climbed up to the world's fourth most attractive city last year in attracting foreign direct investment (FDI), the Dubai Department of Economic Development revealed here Wednesday.

According to the report, Dubai attracted 28.6 billion dirham (7.8 billion U.S. dollars) of greenfield FDI, of which 20 billion dirham for 279 projects were validated last year, up from 240 projects in 2014.

The report also claimed that Dubai moved one ranking up to the fourth city globally in number of attracted projects in 2015, and also ranked sixth globally in foreign capital investment.

The top five sectors of foreign investment in Dubai were the utilities, management offices, accommodation and food services, construction and logistics.

The largest investment came from Saudi Arabia, the United States, India and Kuwait, totaling 15 billion dirham. The United States, Britain, India, Germany and Switzerland invested in 168 projects.

Dubai has over 25 industrial free zones where firms pay no taxes and enjoy free capital repatriation. Endit