Dubai FDI signs deal with Guidepoint to guide foreign investors

MoU to support the strategic directives of Dubai, make better-informed policy decisions in line with the Dubai Strategic Plan

  
High angle views of urban skyline and skyscrapers at sunset in Dubai UAE. Image used for illustrative purpose.

High angle views of urban skyline and skyscrapers at sunset in Dubai UAE. Image used for illustrative purpose.

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The Dubai Investment Development Agency (Dubai FDI) has inked an agreement with Guidepoint Middle East and Africa as part of its efforts to guide foreign investors in making investment decisions, exchange information and collaborate in businesses that would benefit the region.

Guidepoint is an expert network that connects clients with vetted subject matter experts from their global professional network.

The MoU is expected to support the strategic directives of the Government of Dubai and make better-informed policy decisions in line with the Dubai Strategic Plan.

Fahad Al Gergawi, CEO of Dubai FDI, said: "We are engaging with Guidepoint to assist foreign investors in making better investment decisions.  Dubai's advantage, as it is the preferred foreign direct investment destination, offers businesses the ease of conducting trade, world-class infrastructure, and opportunities in one of the smartest and most secure cities worldwide. Our partnership will focus on tailor-made advisory and consultancy approach to better align potential investors with our strategic plans."

According to data released by Dubai FDI Monitor, the number of announced FDI projects reached 190 in the first half of 2020, attracting an estimated capital of 12 billion dirhams, amidst the challenging times of coronavirus pandemic.

Dubai attracted foreign investment in strategic sectors such as technology, e-commerce, and pharmaceutical industries.

"We are thrilled to contribute to Dubai FDI's mandate and help accelerate their efforts in achieving sustained long-term economic growth," Bilal Sabouni, Guidepoint's Managing Director and Head of the Middle East, North Africa & Turkey region, said.

(Writing by Seban Scaria; editing by Daniel Luiz)

(seban.scaria@refinitiv.com)

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