The Dubai Investment Development Agency (Dubai FDI) has established relationships with potential investors and partners from North America, Europe, South Asia, Asia Pacific, and the Far East to investigate prospects in the strategic sectors of food and agriculture, technology, etc.
“The UAE shares a robust trade and investment partnership with many countries throughout the world,” said Ibrahim Ahli, director of Dubai FDI's investment promotion department. During this difficult pandemic era, our leadership has a strategic strategy that prioritises public health as well as business continuity. Focused talks between potential investors, the Dubai FDI team, and key public and private sector partners have assisted us in presenting the Dubai Advantage globally via webinars in order to retain the city's status as one of the world's top FDI attractors.”
Dubai has positioned itself as the future metropolis, with the ultimate goal of increasing stakeholder satisfaction. Dubai, on the other hand, is a vital gateway to the region's emerging markets, and its superior infrastructure positions it as a global commerce and investment centre. Participants were given this message, as well as pertinent information regarding the attractiveness of specific industries and the ease of setting up and doing business in Dubai, through presentations by Dubai Government departments and the Dubai FDI team. Investors that attended were also given the opportunity to speak with the presenters one-on-one.
“The continued engagement of major government organisations in these virtual missions gives a complete view of Dubai's investment ecosystem,” Ahli continued. We collaborate as partners to help Dubai grow in the future.”
The focus of the Food and Agribusiness discussions was on Dubai's efforts to build a strong food and agribusiness ecosystem as a viable response to potential worldwide supply chain disruptions, notably as a result of Covid-19 restrictions. Dubai has strong fresh produce facilities as a key re-export centre and continues to focus on strategically targeted investments and policies to boost the ecosystem. Agriculture technology research and development that can produce a wide range of crops and yields is still a priority.
In the technology industry, Dubai is one of the world's leading innovators in adopting Fourth Industrial Revolution (4IR) technologies and nurturing high-tech firms. It is one among the world's first cities to make use of artificial intelligence (AI), robotics and machine learning, blockchain, financial technologies (fintech), and health information technology (HIT). Dubai focuses in 3D printing, cybersecurity, and geographic information systems (GIS).
According to the Financial Times' fDi Markets, the leading global source of data on greenfield FDI, Dubai remained among the top global FDI locations in 2020, ranking first in the Middle East and North Africa (MENA) region in attracting both FDI projects and capital, and third and fourth globally in attracting greenfield FDI projects and capital, respectively. Dubai's excellent FDI location fundamentals, as well as its economic stability, industry diversification, and FDI future-readiness, are reaffirmed by its FDI performance in 2020.