JobXDubai

Dubai has solidified its position as the world’s leading hub for foreign direct investment (FDI), according to the Financial Times “fDi Markets” data. The city has consistently ranked number one globally in attracting greenfield FDI projects, and in 2023, it recorded a total of 1,070 global greenfield FDI projects – 142 per cent more than second-placed Singapore.

Dubai’s economic growth and attractiveness to international investors are aligned with the ambitious goals of the Dubai Economic Agenda D33, launched by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The agenda aims to double the size of Dubai’s economy by 2033.

In 2023, Dubai ranked number one globally for HQ FDI projects for the second year in a row, after attracting an impressive 60 projects. Singapore and London were second and third globally, with 40 and 31 HQ FDI projects respectively.

The city also ranked fourth globally in the number of jobs created through inward FDI, up from fifth in 2022, and for greenfield FDI capital attraction, it ranked fifth globally, up two spots from seventh position.

Dubai’s ability to secure the number one ranking in global greenfield FDI projects in 2023 for the third consecutive year demonstrates the city’s ability to continually generate new opportunities for global businesses.

The growing FDI inflows support the objective of the Dubai Economic Agenda D33, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to double the size of the emirate’s economy by 2033.

Dubai’s stability, cutting-edge infrastructure, and dynamic business environment have made it a focal point for investment, enterprise, and talent.

The city’s stature as a leading global investment destination also reflects its robust economic fundamentals, strong ethos of partnerships, and innovative initiatives to sustain growth and innovation across various sectors.

In 2024, as we work to accelerate the D33 Agenda, we will continue to intensify our initiatives to nurture a competitive economic ecosystem that fosters value creation.