Dubai topped global FDI rankings for the fourth consecutive year. Moreover, it attracted AED52.3 billion ($14.24 billion) in 2024. This value increased by 33.2% from 2023. Also, the emirate reached its highest annual FDI level since 2020.
Dubai welcomed 1,117 Greenfield FDI projects in 2024. Additionally, it announced 1,826 FDI projects. Consequently, the emirate generated 58,680 new jobs. This number rose by 31% compared to 2023.
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum acknowledged Dubai’s success. He credited visionary leadership for these achievements. Furthermore, Dubai relies on the Dubai Economic Agenda D33. This agenda aims to double the economy by 2033.
Dubai climbed from fifth to fourth globally in FDI capital rankings. Also, it ranked first in the Middle East and Africa region. Moreover, it advanced from fourth to third in job creation. Thus, the city attracts global talent and investors.
Helal Saeed Almarri of the Dubai Department of Economy and Tourism explained the growth. He stressed that smart regulations boost investor confidence. Additionally, strategic global partnerships empower business growth. Therefore, Dubai remains an attractive FDI destination.
Investment types in Dubai show diversity. New Forms of Investments increased by 23%. Reinvestments surged by 98%, and venture capital FDI rose by 39%. Furthermore, mergers and acquisitions grew by 8%.
Dubai’s top FDI source countries include India, the United States, France, the United Kingdom, and Switzerland. India contributed 21.5% of the total. Next, the US contributed 13.7%. Also, France, the UK, and Switzerland contributed 11%, 10%, and 6.9% respectively.
Sector contributions remain strong. Hotels, tourism, and real estate each captured 14% of the FDI capital. Moreover, IT services contributed 9.2%. In addition, building materials and financial services added 9% and 6.8% respectively. Business services led FDI projects with 19.2%. Also, food and beverages, IT, textiles, and consumer products boosted project numbers.
UN Trade and Development forecasts moderate FDI growth in 2025. Economic stability and technology drive this growth. Moreover, geopolitical shifts influence investment flows. Dubai’s regulatory environment further attracts capital. Consequently, the emirate will draw high-tech investments.
Dubai’s record-breaking FDI performance reinforces its premier status. Moreover, the city serves as a global hub for trade, technology, and innovation. Investors continue to trust Dubai’s dynamic business environment. Ultimately, Dubai remains the top destination for Greenfield FDI worldwide.
