Dubai ranks first in the world in attracting FDI projects in 2021, Dubai experienced significant growth in all key indicators compared to the previous year.
09 May 2022, 12:00 AM
31 May 2022, 12:00 AM
Dubai topped the global ranking as the most sought-after destination for greenfield foreign direct investment projects in 2021. Dubai emerged as the destination of choice for 418 greenfield FDI projects in 2021, surpassing London and Singapore for the first time with a remarkable lead of over 50 FDI projects
Dubai continued to maintain and improve on its lead position across key FDI attraction metrics on the back of “a sustainable economic environment and a vibrant business ecosystem for companies and entrepreneurs.”
Dubai’s success comes in the wake of the largest legislative transformation in the history of the UAE, with over 50 laws in all fields updated and reformed in 2021, paving the way for the adoption of new policies and regulations that will further enable the economy in Dubai to keep pace with global developments and sustain its leading position in future.
Sheikh Hamdan unveiled ‘Dubai FDI Results & Rankings Highlights Report 2021,’ published by Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economy and Tourism (DET). He said, “Dubai has created a stable, sustainable economic environment and a vibrant business ecosystem for companies and entrepreneurs to launch new ventures, tap new opportunities and expand their business both in the country and beyond its borders.”
In FDI capital inflows, Dubai ranked first in the Middle East and North Africa region, and third globally, up from fourth place last year. 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 eleventh-place last year), in FDI capital inflows. As for FDI job creation, Dubai ranked first in the Mena region and fifth globally, up from the sixth-place last year.