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. 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. 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.

Source: The North Africa Journal September 01, 2020 06:33 UTC