The Dubai government has signed a memorandum of understanding with a global management consultancy firm to help it develop strategies for increasing foreign direct investment (FDI) in the emirate.
Dubai's department of economic development said it had signed an agreement with A.T. Kearney to boost the emirate's competitiveness, diversify its economy and create jobs for its citizens.
The department head, Sami Al Qamzi, said that Dubai would have access to A.T. Kearney's global network of governmnet and business experts that make up its Global Business Policy Council.
"We will utilise this invaluable insight to develop and recommend policies and strategic initiatives to maintain and improve Dubai's position as a leading global FDI destination," added Mr Al Qamzi.
Such an arrangement will serve to further encourage business and property investment in Dubai. A.T. Kearney has broad experience in the Middle East through its offices in Abu Dhabi, Bahrain, Dubai and Riyadh and has previously supported governments and private corporations in areas such as free zones and economic development projects.