Dubai FDI brings in $936m in 2011

Abu Dhabi, February 6, 2012

Dubai FDI, the foreign direct investment division of the Department of Economic Development (DED), raised Dh3.44 billion ($936.5 million) in capital during 2011, said a report.

The investment office also brought in 77 companies to Dubai whose collective turnover was Dh16.57 billion, said the report in Arab News.

"The 77 companies set up in Dubai represent different operations including logistics, construction, technology, chemicals and renewable energy, reflecting the growing diversity of enterprises leveraging Dubai to gain traction and service strategic growth markets," said Dubai FDI.

"The past year also saw significant gains by Dubai FDI in strengthening its links with governments, investment promotion agencies and the investor community across the globe," Dubai FDI was quoted as saying in the report.

Tags: abu dhabi | DED | capital | Foreign direct investment | Dubai FDI |