Dubai's Unwavering Dominance in Foreign Direct Investment: A Testament to Visionary Leadership

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Dubai's exceptional achievement in retaining its first spot globally for attracting Greenfield FDI projects in 2022 has once again solidified its position as the world's top foreign direct investment hub. The latest data from the 2022 Financial Times 'FDI Markets' report reveals staggering growth rates in both announced FDI projects and capital. This remarkable success not only underscores Dubai's compelling investment value proposition but also exemplifies the visionary leadership and strategic initiatives that have propelled the emirate's economic growth.



At the heart of Dubai's continued success lies the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai. His unwavering commitment to positioning Dubai among the world's top three global cities is evident in the Dubai Economic Agenda D33. This comprehensive roadmap, coupled with Dubai's stability and sustainable infrastructure, has fostered an environment that nurtures long-term trust from international investors, businesses, and entrepreneurs.


Dubai's ability to forge dynamic partnerships with global investors has accelerated innovation and created enduring economic value. The emirate's strategic vision articulated in the Dubai Economic Agenda D33 has facilitated its leadership in attracting FDI across a wide range of industries, particularly future-oriented sectors. From tourism to business services, financial services to transport and warehousing, Dubai has emerged as the global leader, enticing multinational companies to establish their global and regional headquarters within its borders.


The 2022 Financial Times 'FDI Markets' data reveals that Dubai ranked first in attracting FDI projects in key sectors such as tourism, business services, financial services, and software and IT services. Additionally, the emirate claimed the top position in the creative industries cluster and research and development projects. This diverse sectoral growth showcases Dubai's versatility and adaptability to evolving global market demands.


Dubai's rising prominence as the capital of the global digital economy cannot be overlooked. Its status as a hub for innovation and technology is bolstered by its world-class infrastructure and specialized talent pool. High and medium-tech FDI projects accounted for a significant portion of the projects recorded in the software and IT services sector in 2022, further solidifying Dubai's position as a preferred destination for digital investments and attracting global talent.


Dubai's exceptional performance is not limited to attracting FDI projects but also extends to FDI capital and job creation. In 2022, the emirate ranked seventh globally in attracting Greenfield FDI capital and fifth globally in FDI job creation. The estimated FDI capital flowing into Dubai reached a staggering AED 47 billion (USD 12.8 billion), while an impressive 38,447 jobs were created during the same period. These figures signify Dubai's attractiveness as a destination for long-term investment and its commitment to providing sustainable employment opportunities.


Dubai's retention of the top spot in attracting Greenfield FDI projects for a second successive year is a testament to the visionary leadership, stability, and strategic initiatives that have shaped the emirate's economic landscape. The Dubai Economic Agenda D33 has laid a solid foundation for Dubai's ascent as one of the world's top urban economies. As the emirate continues to attract global investments across diverse sectors and solidify its position as the capital of the global digital economy, Dubai remains a beacon of economic prosperity and innovation in the Middle East and beyond.

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