Signalling the strong resurgence of investor confidence in Dubai’s economic growth, foreign direct investment, or FDI, to the emirate recorded a seven per cent jump in the first half of this year.
Dubai FDI, the foreign investment office at the Department of Economic Development, said on Sunday the emirate drew Dh16.5 billion in FDI during the first six months of 2012.
Statistics compiled by Dubai FDI showed that during the first half, 113 companies initiated 115 FDI projects. January saw the highest average capital investment while the highest number of projects in a single month — 26 — was recorded in April 2012.
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