#Dubai’s Investment Expansion to Lean on US, UK for Capital - Bloomberg

Dubai’s Investment Expansion to Lean on US, UK for Capital - Bloomberg

Dubai will seek capital mostly from the US and the UK, already its biggest sources of foreign direct investment, as it looks to expand trade and almost double funding from abroad over the coming decade.

The US and UK will be “the key markets,” Helal Al Marri, the head of Dubai’s Department of Economy and Tourism, said in an interview with Bloomberg Television on Friday. “In addition to that, we see bilateral agreements with over 200 countries really driving the trade.”

Dubai, one of the seven members of the United Arab Emirates, this week unveiled ambitions to achieve a cumulative increase of 650 billion dirhams ($177 billion) in FDI until 2033.