Figures from fDiMarkets showed that the city received close to 200 investment projects in 2010, a decline from 275 the previous year.

However the figure put Dubai well ahead of the region, with its closest competition coming from Abu Dhabi, which received 62 projects.

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The top five recipient cities of FDI in the region remained the same over the last two years, with Johannesburg, Cairo and Doha all again recording the best project numbers.