Dubai signs deal with Los Angeles to drive foreign investment

Published Saturday, September 8, 2018
by Staff Writer

DUBAI:  The Dubai Investment Development Agency (Dubai FDI) has announced the signing of a Memorandum of Understanding (MoU) with the city of Los Angeles.

The signing comes as part of the growing focus on the Americas as a major source market for investment and trade into the UAE and in line with its commitment to strengthening cooperation between business communities to drive foreign direct investment (FDI) by reinforcing existing trade relations, The MoU was signed by Fahad Al Gergawi, CEO of Dubai FDI, and Stephen Cheung, President of World Trade Center Los Angeles on behalf of Los Angeles City for International Relations, in the presence of Nina Hachigian, Deputy Mayor for International Affairs at City of Los Angeles Abdulla Alsaboosi, Consul General of the UAE in Los Angeles; Khalid Al Boom, Deputy CEO of Dubai FDI; and several other dignitaries.