India among source markets for capital into Dubai
Real estate,financial services, hotels and tourism, alternative/renewable energy, business services, software and IT services were the top sectors
Mar 30, 2015
Source : Business Standard


Dubai: India was among the top source market for whose infrastructure development initiatives and the services industries remained the major drivers of capital into emirate in 2014.

The emirate witnessed USD 7.8 billion (28.6 billion dirhams) in foreign direct investment (FDI).

Estimates by Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economic Development (DED), shows that the United States, the UK, India and other European countries, such as France and were major source markets.

Out of a total of 41 source countries, the top ones - US, UK, India, Netherlands, Germany and - generated a total of 23.9 billion dirhams throughout the year across 141 projects. In terms of investment, these countries represented almost 84 per cent of the total for the whole year and 59 per cent of the total in terms of the number of projects.

With clear signs of recovery and iconic projects on board, the real estate sector, financial services, hotels and tourism, alternative/renewable energy, business services, software and IT services were the top sectors together accounting for 78 per cent of investment, or 22 billion dirhams in 2014.

These sectors also claimed 133 projects, half of the total FDI projects in 2014.

"The latest FDI figures once again prove that Dubai remains the preferred and ideal destination for investors and businessmen, who have confidence in the national economy, which is witnessing steady growth in various sectors."

"Dubai hosting the Expo 2020 has stimulated a major influx of investors and growth opportunities. We welcome all kinds of investments and global companies that are looking for stability and business development in an integrated investment environment," said Sami Al Qamzi, Director General of DED.

Projects aimed at the regional market captured 84 per cent of the investments in 2014.

Latest Realty News

Mar 28, 2015
Guwahati: More than 3,000 square km of Assam's forest land has been occupied by encroachers
Mar 28, 2015
VISAKHAPATNAM: Builder arrested for forging the Greater Visakhapatnam Municipal Corporation's occupancy certificate for his new apartment scheme - MM Paradise
Mar 28, 2015
PUNE: CBI raids builder among others
Mar 28, 2015
NEW DELHI: Neither the government nor the chief Opposition Congress budged from their respective positions on the Land Ordinance or the pending legislation
Mar 28, 2015
Udupi: District unit of BJP staged a dharna criticising the government for not enacting bye-laws allowing construction of houses in gram panchayats across the State
Mar 28, 2015
HYderabad: The Enforcement Directorate (ED) has provisionally attached 7 properties, valued over Rs 261 crore, of Ramky Pharma City India Ltd
Mar 28, 2015
New Delhi: The National Green Tribunal cracked the whip on industries located in the city's residential areas
Mar 27, 2015
NAVI MUMBAI: The civic body has decided to crack down on hotels which have illegal extensions across the city
Mar 27, 2015
LUCKNOW: The UP Housing and Development Board (UPHDB) plans to construct over 10,000 affordable housing units in cities such as Lucknow, Ghaziabad and Meerut
Mar 27, 2015
INDORE: Setback to Omaxe City-I, which is surrounded by controversy over encroachment on government land

Latest Realty News Of State

Realty Talk's