Media ININ Economy We Trust
Media In Dubai 8 August 2018,
Dubai’s economy has witnessed a quantum leap in attracting knowledge-based FDI over the past three years, with investment capital reaching AED 79.3 billion, equivalent to US $ 21.6 billion, ranking the world’s top foreign direct investment (FDI) share of technology transfer. US and European Union companies were among the top investors in Dubai, with 568 out of a total of 860 projects, which accounted for 66% of total projects in the digital sector. The digital transformation of global production, coupled with Dubai’s ongoing transformation into a knowledge-based economy, has reshaped both the source and composition of FDI flows to Dubai. These investments have contributed to Dubai’s entry into a new era of sustained economic growth driven by an increase in productivity growth. These investments have accounted for nearly 60% of the total investment capital in Dubai over the last three years at medium to high technology levels. Ranking in the world in 2018 in the share of foreign direct investment in technology transfer such as artificial intelligence and robots, “according to the Financial Times – FDI Markets Data, which has created new business opportunities and strengthened Dubai’s competitiveness in all sectors. These achievements are in line with the Dubai 2021 Plan, which embodies the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to transform Dubai into a “smart city” where creativity and digitization play a crucial role in driving economic growth. Sustainable development.
