Dubai registered a record Dh46.6 billion in foreign direct investment (FDI) in the first half of 2019, an increase of 135 per cent year-on-year, ranking the emirate third globally both in terms of capital flows and number of greenfield projects. The emirate also surpassed its 2018 full-year FDI figure of Dh38.5 billion.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, said the emirate has been particularly successful in attracting advanced technology and specialised talent.

The emirate was ranked ninth globally in job creation with the high and medium technology component at the forefront of creating new opportunities with a 48 per cent share of the 24,294 new jobs created by FDI projects in the first half, the Dubai Investment Development Agency said based on the Financial Times' fDi Markets data. Data revealed that FDI projects with high and medium technology component reached 47 per cent of total FDI projects.