Sunday 15 May 2022
Dubai has achieved the top ranking in the world in attracting foreign direct investment (FDI) in 2021, with a record number of 418 greenfield FDI projects.
According to the annual ‘Dubai FDI Results and Rankings Highlights Report 2021’ published by the Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economy and Tourism (DET), Dubai has created a stable and sustainable economic environment and a vibrant business ecosystem for companies and entrepreneurs to launch new ventures, tap new opportunities, and expand the business. Dubai has also demonstrated its resilience to global economic fluctuations, earning the confidence of global investors and enhancing its reputation as one of the world’s leading lifestyle and business destinations.
The annual report ranks Dubai first globally in attracting FDI projects in 2021, up from the third position in the previous year, with 418 greenfield FDI projects. The report is based on data from the Financial Times’ fDi Markets, the world’s leading source of data on greenfield FDI projects.
Dubai continued to maintain and improve its leadership position across key FDI attraction metrics, ranking first in the Middle East and North Africa (MENA) region and third globally, up from the fourth place, in FDI capital inflows. In reinvestment FDI projects, Dubai ranked first in the MENA region and third globally (up from fourth place last year), and seventh globally (up from 11th), in FDI capital inflows. In job creation, the city ranked first in the MENA region and fifth globally, up from sixth.
The value of FDI capital flows into Dubai exceeded AED 26 billion from a total of 618 projects in 2021, a growth rate of 5.5% compared to 2020. Both FDI projects and FDI job creation witnessed a significant increase of 36% with an estimated 24,868 jobs created in 2021, compared to 18,325 in the previous year.
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