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Dubai records $6.7bn FDI with 455 projects in 2020


Dubai records $6.7bn FDI with 455 projects in 2020
DUBAI, 5 hours, 9 minutes
ago
Dubai recorded exceptional inflows of foreign direct investment (FDI) in 2020 with 455 projects worth AED24.7 billion ($6.7 billion), a report said.
An estimated 18,325 new jobs were created by inbound FDI in 2020, reported state news agency
Wam, citing data from the Dubai FDI Monitor released by the Dubai Investment Development Agency (Dubai FDI), an agency of Dubai Economy.
This performance places Dubai among the top global FDI locations in 2020, ranking first in the Mena region and fourth globally in attracting greenfield FDI capital, according to the Financial Times’ fDi Markets, the leading global source of data on greenfield FDI. ....

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Adel Alghani opens new MG showroom in Kuwait


Adel Alghani opens new MG showroom in Kuwait
KUWAIT, 2 hours, 30 minutes
ago
The official distributor of British-born automotive brand MG Motor in Kuwait, Adel Alghanim has opened a new MG showroom and service facility with an investment of more than $20 million.
This will be MG’s flagship and the biggest of its kind in the GCC as the brand expands its operations across the region.
The new,4,000-sq-m state-of-the-art 3S facility includes a showroom, service centre and spare parts centre, and is located in Al-Rai, Mohammad Bin Al Qasim St, offering customers a unique experience. The new showroom has the capacity to display 18 vehicles. ....

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