JobXDubai

Dubai has been ranked as the number one city in the world for foreign direct investment (FDI) into cultural and creative industries, according to Financial Times data. In 2023, FDI in cultural and creative industries almost doubled, reaching AED11.8bn ($3.2bn) and creating 21,563 new jobs.

Dubai’s commitment to maintaining its leadership and enhancing its competitiveness as a global capital of the creative economy was reaffirmed by Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture).

Cultural and Creative Investments in Dubai

In the 2023 Foreign Direct Investment (FDI) Index, Dubai ranked number one globally out of 115 cities for FDI capital inflows into cultural and creative industries (CCI) projects and for creating job opportunities in these sectors. This achievement surpasses major global centers like London, New York, and Singapore.

According to data from the Dubai FDI Monitor, released by the Dubai Department of Economy and Tourism (DET), Dubai succeeded in attracting 898 announced FDI projects into the cultural and creative industries in 2023, almost double the figure registered in the previous year (451), with a total FDI capital inflow of AED11.8bn ($3.2bn), marking a 60 per cent increase.