Posted by Bob Brunskill
Dubai is the preferred destination of choice for future foreign direct investment (FDI) in the Middle East and North Africa (MENA) region, a new study has found.
The 2010 AT Kearney FDI Confidence Index report also ranked the wider UAE as the 11th most popular global FDI destination.
Commenting on the findings, Fahad Al Gergawi, chief executive officer of Dubai's Foreign Investment Office (FIO), said: "We are pleased to see the confidence investors have in Dubai. It is now up to us to seal our position as the FDI destination of choice for future investments in the MENA region and fulfil our obligations to maintain and grow current and future investors."
Mr Al Gergawi added that moving forward, the FIO will continue to develop policies and legislation that enhance the competitiveness of Dubai and promote the interests of investors.
The FIO, which is part of Dubai's Department of Economic Development, has commissioned an in-depth special survey aimed at boosting the emirate's FDI levels, which is expected in September 2010.