21 Oct Dubai Gets the tag of ‘City of the Future’ in terms of InvestmentsEmail This Post
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, whose the Crown Prince of Dubai and Chairman of the Dubai Executive Council, stressed that foreign direct investment (FDI) flows coming into Dubai this year have continued to grow significantly, thus making the emirate one of the top three international FDI locations.
This accomplishment was made possible by the vision and guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Hamdan said.
He also said that such a success shows the confidence of the local and international investor community in Dubai’s tactical plans and foresight for the future.
In this regards, Sheikh Hamdan had released orders to hold the fifth edition of Dubai Investment Week (DIW 2019) that started from September 29 to October 3, which had the theme ‘Investing in the City of the Future’. He said this week-long programme of multiple events would demonstrate how Dubai has changed the challenges that future cities could face into opportunities for their growth, innovation and partnership to cope up with the requirements of the present and spearhead the world as the sustainable and smart city of the future.
“Dubai leadership’s push in adopting Fourth Industrial Revolution technologies and creating regulatory frameworks for new business models have further developed Dubai’s investment environment and opportunities as well as its human capital, and hard and digital infrastructure advantages,” said Sheikh Hamdan. He also mentioned that today, Dubai has become a preferred international FDI destination when it comes to artificial intelligence or robotics.
Sheikh Hamdan bin Mohammed acclaimed the role of Dubai Investment Week, which was organised by the Dubai Investment Development Agency (Dubai FDI), in augmenting the promptness of the investment atmosphere and investor confidence in the emirate, while stressing the current and upcoming investment prospects in the strategic and developing economic sectors in the emirate.
He also acclaimed the growth attained in facilitating investments, company registration in Dubai and aiding the success and growth of businesses through introducing new and more innovative legislation and services.
Sami Al Qamzi, who is the director-general of Dubai Economy, mentioned that DIW 2019 edition has been brought out at a time when the UAE’s and Dubai’s investment environment is seeing many positive developments