H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council has instructed to start the preparations for the ‘Dubai Investment Forum' and its main topics within the framework of the ‘Dubai Investment Week’ programme. The event aims to provide the investor community with a comprehensive view of the growth opportunities, partnerships, innovation and the future of investment in all vital sectors that support the objectives of the UAE National Agenda 2021 and the Dubai 2021 Plan.

H.H. Sheikh Hamdan praised the role of Dubai Investment Forum, which is organised by Dubai Investment Development Agency, Dubai FDI, an agency of Dubai Economy, and its contribution to enhancing the understanding of investors about the main pillars of growth in Dubai and the region, and the new growth cycle in the emirate by identifying investment opportunities, and highlighting the prospects for expansion and growth to regional and global markets.

His Highness added that the work on the third cycle and the launch of the ‘Dubai Investment Week’ programme follow a careful review of the current and future investment issues and trends to strengthen partnership with the UAE and global investors. His Highness directed the launch of the "Dubai Investment Week" as an annual programme to consolidate partnership with the local and international investment community and spread awareness of growth and innovation opportunities in Dubai.

Sheikh Hamdan confirmed that the UAE under President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the directives of Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum and the close follow-up of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces , has taken a clear approach in supporting investment and establishing a diversified and resilient economy to drive growth. This is the approach that the Founding Fathers have taken and its success is evident the economic diversification model that has paved the way for further economic growth and enhancing investor confidence.

His Highness directed to continue working on enhancing the business readiness of Dubai, its attractiveness to receive sustainable foreign investments and the public-private partnerships in all fields. HH Sheikh Hamdan said that the sustainability of FDI flows in recent years, despite global economic volatilities, is a clear demonstration of the confidence of the investor community in the plans and initiatives of the Government of Dubai and the vital role played by the emirate as a major hub in the global economy.

Dubai attracted AED25.5 billion in foreign direct investment in 2016 and succeeded in maintaining its position among the top 10 global cities in attracting foreign investment, ranking seventh worldwide. Dubai also attracted 247 new investment projects, which contributed to reaffirming its position as a preferred international investment destination, and stood third in new investment initiatives in 2016, led by its efficient infrastructure in various economic sectors.

Source: Wam