Dubai: Just over 80 per cent of investors in Dubai are planning to either maintain or increase their investments in the emirate, according to a recent report by the Foreign Investment Office (FIO).
Of these, 26 per cent will increase their investments here, according to the report titled "Dubai: The Foreign Direct Investment destination of choice."
"The general rule that the current investor is essential to future investment flows appears to hold true in Dubai. This is especially important in times of global turbulence when many investors seek new opportunities," said Fahd Al Gergawi, CEO of FIO.
Most Middle East investors are either in Dubai or planning to enter the market, with 54 per cent of investors already in the market and five per cent planning to enter it in the next three years, the report indicated. Just over 10 per cent of investors are not in the Middle East but plan to be in Dubai within the next three years, it showed.
Among the survey respondents, 29 per cent of investors are planning to enter new joint ventures with local partners and 14 per cent are planning to acquire stock in local companies to increase their presence in the market, the report said. Of those surveyed, 43 per cent are investing in existing businesses.
The main industries attracting investors to Dubai are telecoms, utilities and financial services. Dubai ranked the sixth choice for financial services among executives. Its non-finance services (including transport, business services, health care, legal services and education) put it among the global top 20 FDI destinations globally, the FIO said in a statement.
