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Earlier in the day, Hezbollah has confirmed the death of its leader Hassan Nasrallah
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Dubai Top City in the World Last year for FDI
DUBAI — In a special report published by the Financial Times on Foreign Direct Investment, Dubai has for the first time been classified as the top destination city in the world surpassing the likes of London and Shanghai.
The UAE continues to lead the way in the Middle East and Africa accounting for 50 per cent of total projects in the region.
Dubai is one of the seven emirates of the UAE. In its position as the top destination city for FDI for2008, Dubai attracted a total of 342 projects, had $21b of capital investment and created over 58,000 new jobs. The UAE was once again the leading destination for FDI in the region with 480 projects, capital expenditure of $35b and the creation of over 87,000 new jobs in 2008.
Commenting on the report, Dr. Omar bin Sulaiman, Governor of the Dubai International Financial Centre and Vice Chairman of the Central Bank of the UAE, said: “This report is a testament to the strategy of both the UAE and Dubai under the directives of The President, His Highness Shaikh Khlaifa bin Zayed Al Nahyan, and His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.”
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