Dubai is ranked first in attracting foreign direct investment in the tourism sector. The emirate attracted Dh6.4 billion across 30 different projects in 2021.
19 July 2022, 12:00 AM
31 July 2022, 12:00 AM
The Financial Times’ FDI Markets data, a leading global data source on crossborder greenfield FDI investments stated that Dubai retains its ranking as first in attracting foreign direct investment in the tourism sector.
The emirate attracted Dh6.4 billion ($1.7 billion) in FDI across 30 different projects in 2021, ranking the emirate number first in FDI capital, projects, and job creation in the tourism sector in 2021.
Taking to Twitter, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, said the emirate continues to improve the environment which is conducive to business and investment across all the sectors.
“We will continue our efforts to consolidate Dubai's position as a pivotal global centre for attracting investments and a major driver of the global economy, by providing them an attractive and highly competitive investment environment,” said Sheikh Hamdan.
Dubai welcomed 7.28 million international visitors in 2021, an increase of 32 per cent year-over-year growth and underscoring the city’s efforts to become the world’s most visited destination.
According to the Dubai FDI Monitor report, published by the Dubai Investment Development Agency (Dubai FDI), 30 foreign direct investment projects created 5,545 new jobs in Dubai last year.
The emirate has received Dh83.5 billion in foreign investments through 205 FDI projects in the past five years, generating over 30,000 jobs, positioning Dubai ahead of London, Paris and Shanghai.
Overall, the value of total FDI capital flows into all sectors in Dubai exceeded Dh26 billion from 618 announced FDI projects in 2021, an increase of 5.5 per cent compared to the previous year.