A Global Initiative
The Dubai FDI initiative to establish an FDI Monitor at a city level sets a precedent among peers in investment promotion agencies (IPAs) globally. The FDI monitor was developed in partnership with WAVTEQ, a leading FDI technology and consulting company and aims to map out the investment landscape in Dubai through tracking, validating and analysing FDI flows.
“As an agency that provides bespoke services to investors, Dubai FDI is setting new standards and raising the bar for investor support globally. We are glad to be involved in this leading project that will add great value in improving the services to foreign investors and supporting decision-makers who will now be able to analyse FDI trends and opportunities in Dubai by sectors, geographic clusters, and source countries for investment,” said Henry Loewendahl, Chief Executive Officer of WAVTEQ.
The first phase of Dubai FDI Monitor initiative established the scope of work, technology deployment and testing. The second phase engaged multiple stakeholders with focus on Investors. The third Phase introduced the Beta version of Dubai FDI Monitor reports utilising advanced data and analytics features to produce validated FDI flows results, a full database of FDI projects and investors and business classifications based on The North American Industry Classification System (NAICS), number of jobs created and economic impact analysis among other features. The 4th phase will include stakeholder consultations and enhanced tracking features.
“As the first ever City FDI Monitor, Dubai FDI Monitor marks a new era for Dubai FDI as we engage global FDI markets to achieve Dubai Strategic Plan goals and provide investors with a new generation of investor services. We have gained valuable insights in the process of building our monitoring system, mapping FDI flows and engaging with investors to validate and evaluate the economic impact of FDI projects in Dubai. We look forward to working with our stakeholders and peers during the Beta stage to further develop a global initiative that aims to streamline FDI flows monitoring and evaluation standards at city level,” said Al Gergawi.
The ‘Dubai Foreign Direct Investment Flows, 2015 Highlights Report’ will be available on the Dubai FDI website: www.dubaifdi.gov.ae
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