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For the 3rd consecutive year, #dubai has retained its position as the top destination for Greenfield FDI projects globally, according to Financial Times. The emirate outperformed other major financial hubs. In the first half of 2024, Dubai accounted for 6.2% of the global volume of Greenfield FDI projects and a total of 801 announced foreign investment projects amounting to over AED 21.85 billion. Dubai is steadily progressing in the direction of doubling the size of its economy and solidifying its place among the world's top three urban economies globally. The city continues to lead the attraction of Greenfield FDI in most sectors and fields such as tourism, real estate, artificial intelligence, corporate headquarters, logistics, and fintech. Dubai’s impressive performance in terms of FDI is fueled by its investors' success, and as the city progresses into the future, it unlocks better opportunities for all.

  India’s Prime Minister Narendra Modi has announced a new project called Bharat Mart in the United Arab Emirates (UAE), which aims to improve trade relations between India and the UAE and make India more involved in the global supply chain. The project, spanning over 100,000 square meters, is India’s response to China’s Dragon Mart and will be located within Dubai’s Jebel Ali free zone and managed by DP World. It will feature retail showrooms, warehouses, offices, and other facilities to provide a unified platform for Indian exporters to showcase their diverse range of products, including heavy machinery and perishable items. The establishment of Bharat Mart is poised to strengthen trade relations between India and the UAE, as it leverages Jebel Ali Port’s strategic location and logistics capabilities to connect Indian traders with international buyers across West Asia, Africa, and Eurasia. This move follows the Comprehensive Economic Partnership Agreement signed in 2022, which pr...