Hotel and shopping mall group Majid Al Futtaim will use the proceeds from its new $1.5bn sustainability-linked loan to target emissions, green malls and, in a first for the Middle East, gender inequality. Head of treasury John Arentz provides the details.
Middle East and North Africa
FDI into the Egyptian capital of Cairo has never fully recovered from the knock it took in the Arab Spring of 2011. However, the city's tech scene is thriving.
Qatar hopes the lifting of the economic blockage imposed by its GCC neighbours and the forthcoming Fifa World Cup can boost FDI into Doha.
Beirut's enduring ability to attract foreign direct investors has been badly hampered by several fatal blows in 2020.
A healthy innovation ecosystem is an increasingly vital element in attracting overseas investment. Creating an innovation-friendly economy is something that Abu Dhabi has placed at the heart of its future development strategy.
While FDI has declined sharply across the world, the number of projects in Dubai rose in 2020 as the city continued to welcome business travel despite the pandemic.
Abu Dhabi’s measures to increase FDI levels go beyond wanting to diversify its economy, with plans to become one of the most desirable cities in the world to live and work in.