Dubai ready for jump in foreign investment

13/04/2011 - Dubai Investment News Posted by Bob Brunskill
Dubai ready for jump in foreign investment

Dubai anticipates a significant jump in foreign direct investment (FDI) in 2011 on increasing interest of companies from new markets, according to Fahd Al Gergawi, chief executive officer of Dubai FDI.Speaking to the Khaleej Times, he said: "We are seeing at least double in terms of enquiries and requests of investments while comparing first quarter of this year to 2010."The enquires and interest coming from new markets are more than double, Mr Al Gergawi observed.He added: "We see a trend of newcomers to Dubai from Latin America, South America, especially Brazil and Chile, China, Korea, some from the US and Europe."For the remaining three-quarters, he said that the interest of investors is increasing slowly and "I hope it will be within the same trend [of Q1]".FDI Dubai focuses on optimising this environment for the benefit of Dubai as well as those who choose to invest in the Emirate.