23
Global FDI into Dubai by source country Market share of global FDI
(Jan 2003 - Apr 2009) (Jan 2003 - April 2009)
2%
2%
3%
2%
2%
3%
3% 3%
3%
25%
4%
5%
4%
6%
5%
USA China
UK USA
India
6%
India
Germany UK
France France
9%
Italy Russia
Japan Germany
Switzerland
10%
Spain
26%
Australia
50%
UAE
16%
Spain Poland
Other Countries 11% Other Countries
China top destination for FDI – both globally and within Although the most valuable projects are within the real estate
Cityscape Intelligence targeted countries sector, the most popular sector is financial services
China has long held the crown as the top destination for global FDI, Although 48 percent of all CAPEX was invested in the real estate sector,
receiving 11 percent of all FDI tracked by fDi Markets since January financial services was the most popular sector in terms of project
2003, which represents a total of 8,429 projects. Cityscape numbers, involving 14 percent of all projects set up in the region.
Intelligence targeted countries represent 10 percent of projects Software/IT and business services, together with financial
established in China, with Bahrain-based developer Gulf Finance services, accounted for a quarter of all FDI projects within the
House holding the title of the most valuable FDI project with its targeted region. Although the coal, oil and natural gas sector
US$35 billion plan to build a business centre for the oil industry ranked tenth in terms of project numbers, it is ranked second,
in the suburbs of Beijing, announced in July 2007. This highlights after real estate, in terms of CAPEX.
China’s growing ties to the Middle East and its booming energy
market. The oil centre, dubbed the International Energy City, Country growth potential attracts companies to their
located in Sanhe, aims to attract foreign and Chinese oil companies neighbouring countries
with a business park, a Chinese-Arab business school, laboratories The main reason given by companies that are setting up within
and executive housing. It is scheduled to be completed by 2012. the targeted region is to tap into the countries’ market growth
potential. Unlike most companies from Western countries that
Egypt receives on average the most CAPEX per project within set up in the East, who identify the importance of lower costs,
the targeted countries this motive is not as important for companies from within
Egypt attracted the largest average CAPEX per project relative Cityscape Intelligence’s targeted region.
to other targeted countries, with the average project consisting
of US$465 million of investment. This is primarily attributable Market potential is more important than lower costs despite
to Dubai-based Damac Properties’ Gamsha Bay project. This the global recession
US$16.34 billion investment was announced in December In today’s business climate, setting up a successful project in
2006 and involves the construction of a 29.7 million square another country does not mean that companies have to set up
metre mixed-use community comprising residential units, further afield, they may be able to identify opportunities closer
entertainment venues and recreational amenities including an to home, whether it is on the neighbouring continent, or in the
innovative extreme sports adventure theme park. neighbouring country – it’s all about the potential.
t
Feature provided by Cityscape Intelligence. Source material courtesy of fDi Intelligence from the Financial Times
PREVIEW Cityscape Dubai
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