Dubai Land Department and Dubai Investment Development Agency joined forces to lay down a general framework that would enhance foreign direct investment.
Event Location
Dubai , Dubai
Start Time
06 March 2021, 12:00 AM
End Time
31 March 2021, 12:00 AM
Dubai Land Department (DLD) and Dubai Investment Development Agency (Dubai FDI) have planned to cooperate to attract foreign direct investment (FDI).
They laid down a general framework that would enhance FDI. The framework aims at expanding the scope of promotions and knowledge sharing as well as organising joint activities that will directly serve the strategic objectives of the emirate.
The two parties signed a memorandum of understanding (MoU) defining the relevant areas of cooperation and laying out a roadmap.
The MoU has highlighted the most prominent areas of cooperation between the two parties, which include cooperation and the exchange of information in the fields of promoting and attracting investments of all kinds in accordance with the laws and regulations enforced in Dubai.
The MoU also seeks to successfully promote Dubai as a major destination for economy, trade, events and real estate investment; enhance the emirate’s capabilities related to international trade; and attract global and regional companies to establish offices in the emirate.
Sultan Butti bin Mejren, Director General of DLD; Sami Al Qamzi, Director General of Dubai Economy; and a number of officials from both parties, the MoU was remotely signed by Fahad Al Gergawi, CEO of Dubai FDI; and Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management sector at DLD.
Dubai business news 2021Dubai DLD and FDI MoU