- January 5, 2021
- Posted by: Waqas Siddiqui
- Category: Business & Economy
Dubai FDI Showcases Investment Potential in Food, Agribusiness & Technology Industries
Dubai Investment Opportunities – Food & Technology
The Dubai Investment Development Agency (Dubai FDI) have organized two webinars with potential investors from France and Switzerland to explore opportunities in the Emirate’s Food, Agricultural Products and Technology industries. As an initiative of Dubai FDI’s (Foreign Direct Investment) engagement strategy for 2020, these webinars intended to provide a platform for investors to explore FDI opportunities in Dubai at a time when the trade is affected by the COVID-19 restrictions. The investment opportunities are expected to see a mutually beneficial partnership and will help in economic recovery and growth.
UAE – Trade Partnership (France & Switzerland)
UAE is the second largest partner for France in the Middle East region, with their trade (Non-oil) exceeding a value of AED 27.5 billion (USD 7.5 billion) by the end of 2019. The import of Food & Beverage (F&B) products from France in UAE has also increased by 50% over the past 10 years. In particular, dairy products like Cream, Cheese & Butter are the major F&B products imported from France to UAE.
Similarly, Switzerland is the fifth largest trade (Non-oil) partner with its trade value exceeding AED 516 billion (USD 140.5 billion) in the last 10 years (2010-2019). The non-oil trade between two countries exceeded AED 65 billion (USD 18 billion) in 2019 which was an increase by 16.5% compared to the previous year.
Investment Opportunities – Webinar Focus
Representatives from several major organizations in UAE such as Smart Dubai, Dubai Future Foundation (DFF) and Dubai International Financial Centre (DIFC) attended the Dubai FDI webinar on Technology. The main focus of the event was on implementing the emerging technologies and incubating the technology start-ups. Dubai leads the region in utilizing and implementing the benefits of latest technologies such as Artificial Intelligence, Robotics and Machine Learning, Blockchain, Financial Technologies (Fintech) and Healthcare IT. Along with these, Dubai is also focusing on 3D Printing, Cybersecurity and Geographic Information Systems (GIS).
During the Webinar, Dubai Municipality (DM), Jebel Ali Free Zone Authority (JAFZA), and Dubai Multi Commodities Centre (DMCC) were also present at the Dubai FDI. The major topic of discussion was on developing a robust Food and Agriculture Ecosystem that has proven to be a strong measure to counter the international supply-chain disruption resulting from COVID-19 Pandemic. Dubai being a major re-exporting hub in the Middle East, maintains excellent facilities for fresh agricultural produce. The FDI will help strengthen this position and the ecosystem to further develop agricultural technologies that offer a variety of crops and yields.
Investment Opportunities in Dubai
Dubai is considered to be a leading global destination for FDI recording an exceptional growth during the first six months of 2020. Dubai FDI monitor estimated that the overall investment during this period was around AED 12 billion (USD 32 billion) over 190 projects. More than 50% of the FDI in Dubai during the first 6 months of 2020 was directed towards SMEs in the technology industry. With Dubai focusing on the Agribusiness industry and the initiative to increase the local F&B produce, both the technology and agricultural sectors are expected to provide significant investment opportunities in the forth-coming years. Contact Market Research companies in Dubai to know more about the investment opportunities in the Technology & Agribusiness industries.
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