Skip to main content

Explore factors behind Dubai’s sustained leadership in Greenfield FDI for third consecutive year

Further reinforcing its position as a leading economic hub, Dubai in the UAE ranked Number 1 overall in global Greenfield FDI projects attraction in 2023, the third successive year it has achieved this ranking, according to the Financial Times Ltd’s “fDi Markets” data.
The numbers support the ambitious goals of the Dubai Economic Agenda D33, launched in early 2023 by HH Sheikh Mohammed bin Rashid, Prime Minister of the UAE and Ruler of Dubai, to double the size of the megacity’s economy by 2033.
The global FDI performance highlights Dubai’s attractiveness to international investors. Last year, the city lured 1,070 global Greenfield FDI projects, 142% more than second-placed Singapore (442) and 148% more than London in the third place (431).

Dubai securing top ranking in global Greenfield FDI
Underscoring its appeal as a headquarters destination, the burgeoning emirate ranked Number 1 across the globe for HQ FDI projects for the second successive year, after attracting a substantial 60 projects. Singapore and London came in second and third, respectively.

Overall, Dubai also secured the fourth position globally in the number of jobs created through Inward FDI, up from fifth in 2022, and for Greenfield FDI capital attraction it ranked fifth globally, up a couple of spots from seventh position, as per the Emirates News Agency.

“Dubai’s stability, cutting-edge infrastructure and dynamic business environment have made it a focal point for investment, enterprise and talent,” said HH Sheikh Hamdan bin Mohammed, Crown Prince of Dubai and Chairman of the Executive Council of Dubai.

“Dubai’s ability to secure the Number 1 ranking in global Greenfield FDI projects in 2023 for the third consecutive year demonstrates the city’s ability to continually generate new opportunities for global businesses,” he further mentioned.

Dubai’s robust investment and business climate
Highlighting Dubai’s sustained leadership in global FDI for the third consecutive year, Helal Saeed Almarri, Director General of Dubai Department of Economy and Tourism (DET), said this achievement affirms the city’s status as a premier global hub for high-quality FDI.

“The enduring confidence of investors, multinational corporations, startups and global talent in Dubai’s robust investment and business climate is a testament to our strategic initiatives,” he further mentioned, according to the Emirates News Agency.

Dubai is gradually establishing itself as an essential destination for emerging businesses, investment and talent, and as an important expansion hub for global corporations. Keep an eye out for additional updates.
Labels:

Comments

Post a Comment

Popular posts from this blog

UAE and US issue joint statement on cooperation on artificial intelligence

  UAE President Sheikh Mohamed bin Zayed and US President Joe Biden met on Monday in the US during an official visit by the Emirati leader. This visit marks the fourth bilateral meeting between the two leaders during the Biden-Harris administration. During their discussions, Mohamed bin Zayed and Biden reaffirmed the strong UAE-US strategic and defense partnership, explored ways to enhance cooperation in advanced technology and investments, and addressed global and regional issues. Both leaders committed to pursuing further opportunities to strengthen their partnership, promote peace and stability in the Middle East and beyond, and provide global leadership on key shared issues. The UAE-US relationship, spanning five decades, is built on a solid foundation. Building on the vision of Mohamed bin Zayed and Biden to advance safe artificial intelligence, UAE national security advisor Sheikh Tahnoon bin Zayed and US national security advisor Jake Sullivan reaffirmed their countries' coo...
Post a Comment
Read more

Sheikh Khaled bin Mohamed’s official trip to India holds great importance for UAE-India bilateral relations

  His Highness Sheikh Khaled bin Mohamed is making his first official visit to India , accompanied by several UAE ministers and a business delegation. The visit marks a significant step in strengthening UAE-India bilateral relations. Upon his arrival on September 8, Sheikh Khaled was welcomed by India's Commerce and Industry Minister Piyush Goyal. His visit includes a comprehensive agenda, with discussions between Sheikh Khaled and Indian Prime Minister Narendra Modi focusing on key areas of bilateral cooperation. Additionally, Sheikh Khaled is scheduled to meet with Indian President Droupadi Murmu. The ongoing Israel-Hamas conflict may also be part of the dialogue, as reported by NDTV. On the second day, Sheikh Khaled is expected to participate in a business forum in Mumbai, attended by business leaders from both nations, further underscoring the growing trade and investment ties between the UAE and India. The UAE and India have a long-standing relationship, established in 1972, w...
Post a Comment
Read more

International Day of Charity: UAE making philanthropy a sustainable effort as foreign aid surpasses $98 billion

  The UAE is commemorating the "International Day of Charity" on September 5, having provided over Dh360 billion ($98 billion) in foreign aid since its establishment in 1971 through mid-2024. This reflects the nation's leadership in fostering sustainable and inclusive philanthropy. For decades, the UAE has extended significant assistance to countries and communities worldwide, aiming to reduce poverty, promote social and economic development, alleviate the impacts of disasters, and contribute to global peace and security. The International Day of Charity is an annual event dedicated to enhancing global solidarity. It underscores the importance of supporting essential public services like health, education, and housing while assisting global communities in urgent need. Guided by its core values of generosity, solidarity, and volunteerism, the UAE has consistently provided aid to those affected by conflicts, disasters, and crises, regardless of race, religion, or nationali...
Post a Comment
Read more