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Showing posts from October, 2024

Dubai's Continued Dominance in Global Greenfield FDI Projects.

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It is logical to state that the capacity of the city of Dubai to draw new and/or abandoned foreign direct investment projects will be unmatched in the year 2024. According to the ‘fDi Markets’ by Financial Times Ltd in the second quarter of the year, 508 Greenfield FDI projects were recorded as having been established in Dubai representing 6.2 percent of the global share. Such a trend not only affirms the emirate’s strength and robustness but also the growing figures of its foreign shareholders. Investor-oriented measures and tools are well entrenched by virtue of the leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The factors attributable to the success of Dubai among others is its present day status and milestones in economic growth, which is at par demonstrated by the Dubai Economic Agenda D33. All these factors have made it possible to impose visions, put up the necessary framework and even go ahead
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Dubai's Continued Dominance in Global Greenfield FDI Projects.

-
It is logical to state that the capacity of the city of Dubai to draw new and/or abandoned foreign direct investment projects will be unmatched in the year 2024. According to the ‘fDi Markets’ by Financial Times Ltd in the second quarter of the year, 508 Greenfield FDI projects were recorded as having been established in Dubai representing 6.2 percent of the global share. Such a trend not only affirms the emirate’s strength and robustness but also the growing figures of its foreign shareholders. Investor-oriented measures and tools are well entrenched by virtue of the leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The factors attributable to the success of Dubai among others is its present day status and milestones in economic growth, which is at par demonstrated by the Dubai Economic Agenda D33. All these factors have made it possible to impose visions, put up the necessary framework and even go ahead
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ADNOC's Bold $23 Billion Commitment to Low-Carbon Energy.

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This week, Abu Dhabi National Oil Company (ADNOC) has made headlines with a whopping $23 billion investment in low-carbon initiatives – an increase from the earlier announced $15 billion. This change in strategy underscores the growing ADNOC’s resolve to enhance sustainability by reducing carbon even when its hydrocarbon production is increasing. The investment in reducing carbon initiatives, averting such processes as carbon sequestering at natural gas processing plants, also fits into the umbrella of the UAE Plans seeking to reduce the emissions from the energy sector but actively embracing climate change. Such a statement demonstrates ADNOC’s commitment to responsible business practices and development but most importantly, it demonstrates the changing energy paradigm. It cannot be overlooked that there is an apparent inconsistency in ADNOC’s enhanced engagement in hydrocarbons alongside her vision for decarbonization. Indeed, the firm’s expressed intention to invest $150 billion in
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