ARN News Centre

Chinese investors drawn to Dubai

Wednesday, 29 May 2019 16:37

The number of Chinese people investing in Dubai is continuing to rise.

A new report by Dubai's Department of Economic Development found that the number of licences issued to Chinese investors rose by almost 23 per cent last year, when compared to 2017.

Over 6,300 Chinese investors have now established businesses in the Emirate across a wide variety of sectors.

Commercial activities, such as clothing, footwear and textiles, account for the bulk of licences, followed by professional activities and tourism.

More from Business

Aldar, Dubai Holding announce next phase of strategic partnership

Aldar and Dubai Holding have expanded their landmark joint venture, adding two strategic land plots in Dubai that will deliver almost 14,000 new homes with a combined gross development value (GDV) exceeding AED 38 billion.
Dubai regulator fines investment firm AED 1.8 million over compliance issues

The Dubai Financial Services Authority has fined Ark Capital Management Limited (Dubai) $504,000 (over AED 1.85 million) for regulatory breaches.
UAE, US sign framework to secure critical mineral supply chains

The UAE and the US have signed a framework on critical mineral supply chains, with plans to finance projects in each country in the next six months.
ERC inks agreement to develop teachers housing in Fiji

The Emirates Red Crescent (ERC) has signed an agreement to construct dedicated housing for teachers in Fiji's rural regions.
Dubai secures Canva regional headquarters in new tech partnership

Dubai is set to host Canva’s regional headquarters, strengthening the emirate’s growing role as a major hub for digital innovation and creative technology.