In 2020, #Dubai created 18,325 new jobs thanks to Foreign Direct Investment (FDI) according to data from the Dubai FDI Monitor.
Despite uncertainties in the economy caused by Covid-19, over 455 projects were supported, worth AED24.7 billion ($6.7 billion). The number of #FDI projects implemented in Dubai exceeded the annual average of 441 over the past 5 years, reaffirming Dubai’s strong FDI location base and its economic resilience.
The 2020 Financial Times’ fDi Markets report placed Dubai among the top global FDI locations, ranking first in the Middle East and North Africa (MENA) region and fourth globally by attracting an unprecedented 2.1% of greenfield FDI capital, exceeding the 2 % mark for the first time.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and chairman of The Executive Council of Dubai, commented "Dubai’s success in combating the Covid-19 pandemic and starting the recovery phase in record time is a testament to our commitment to provide the best investment environment in the world and transform global challenges into new opportunities for growth, driven by technology and innovation, and powered by Emirati and global talent, making Dubai the best place in the world to work, live, and invest.”
Interested in Company Formation in the UAE?
Synergy Gulf prides itself on providing impartial, efficient and exceptional service levels to ensure secure structures that match clients’ exact requirements are delivered quickly and efficiently. We specialise in the following service areas:
Company Formation in the GCC
Limited Liability Company (LLC)
Free Zone Entity
Representative Trade Office
Professional Service License
Labour Department Registration
Immigration Departure Procedures
Staff & Family Visas
Local Partnership Services
One of the most frequently incorporated commercial entities in the UAE is a Limited Liability Company (LLC). Under the law a limited liability company must have one or more local partners (shareholders) who must be a UAE national or a UAE company. The local partners are required to possess a minimum of 51% shareholding in the LLC.
For further information click here.
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