Dubai continues to solidify its position as a global powerhouse for foreign direct investment (FDI), clinching the title of No.1 in the world for Greenfield FDI projects attraction for the third consecutive year.
According to data from Financial Times Ltd’s “fDi Markets,” Dubai’s dominance extends beyond the overall ranking, with securing the top spot globally within key clusters such as consumer goods, energy, e-commerce, and tourism for Greenfield FDI projects attraction, capital attraction, and job creation.
This recent achievement mirrors the strategic vision outlined in the Dubai Economic Agenda D33, aimed at doubling the emirate’s economy by 2033 under the guidance of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai.
In 2023, Dubai welcomed a staggering 1,070 global Greenfield FDI projects, surpassing competitors by significant margins.
In response to the development, Crown Prince of Dubai and Chairman of The Executive Council of Dubai Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum lauded Dubai’s ability to generate new opportunities for global businesses.
Helal Saeed Almarri, Director-General of Dubai Department of Economy and Tourism (DET), attributed Dubai’s sustained leadership in global FDI to visionary leadership and successful collaborations with stakeholders.
He also stressed Dubai’s status as a premier global hub for high-quality FDI, highlighting confidence from investors, multinational corporations, startups, and global talent in the city’s robust investment climate.
Looking ahead, Dubai remains committed to bolstering its global competitiveness and business ecosystem, fostering sustainable growth through advanced policy frameworks and dynamic attraction initiatives, he added.
Hadi Badri, CEO of Dubai Economic Development Corporation (DEDC), emphasized Dubai’s stable and sustainable environment for international investment, noting the surge of talent across various sectors and the creation of jobs through FDI.
He highlighted Dubai’s enduring appeal for multinational corporations and reiterated efforts to support new global companies in innovating and diversifying their business models within the city’s jurisdiction.
