Dubai Statistics Center announce the launching of field work for surveying foreign investment in the Emirate of Dubai in 2015 which shall continue until the end of the upcoming October and the center shall announce its results for the first quarter of 2016.
Dawood Al Ali, Acting Director of Economic Statistics Department, referred that: "foreign investment survey is one of the most significant economic surveys supporting the strategic planning processes of economic development and passing economic policies particularly, those tackling with drawing foreign investments and furthering a competitive business climate adding that, the center is undertaking the survey on annual basis due to the significance thereof and the abundance of strategic information which reflects true and precise image of foreign investment status in the Emirate.
Mr. Al Ali clarified that: "Foreign investment survey drives to shape defined and up-to-date database on foreign investment statistics to recognize foreign investment role in economic development as well as its future trends, besides, it includes comprehensive information such as the distribution of foreign investments pursuant to investment and economic activity and identifying its sources country wise, besides, the survey provides data that allows the valuation of foreign investment impact on the economy in its numerous significant fields such as employment, training and exports, technology transfer,…etc.
Mr. Dawood Al Ali noted that the survey is applied in line with the Balance of Payments Manual, where the center depends on its several technical competence on the internationally approved methodologies, standards and classifications, besides, the survey covers all operating facilities in various economic activities in which there are foreign investments in agreement with international standards approved in this regard including operating facilities in the free zones.
Other foreign investment funds ranked in second place in terms of relative significance as their contribution reached 38.4% of the total foreign investment balances, with approximate balance at 140 billion dirhams in 2013 compared to 134.3 billion dirhams in 2012, realizing a growth rate at 4.2%, typically representing balances, deposits and loans owed to non-residents.
The balance of portfolio investment was 5.3 billion dirhams in 2013 compared to 4.6 billion dirhams in 2012, realizing a progress at 13.9% and contributing at 1.5% of the total foreign investment in Dubai.
Balances
The results of foreign investment survey for the 2014 indicate that the total foreign investment balances in the Emirate of Dubai during 2013 was 364.3 billion dirhams compared to 335.3 in 2012, with growth rate at 8.7%, while the foreign direct investment balance ranked in first place in terms of the relative importance of approximately 219 billion dirhams in 2013 compared to 196 billion dirhams in 2012