Dubai retained its No. 1 spot globally for attracting Greenfield FDI initiatives in 2022, additional reinforcing its place because the world’s prime overseas direct funding hub, in line with the newest knowledge from the 2022 Monetary Instances ‘fDi Markets’ report.
Retaining its prime spot for a second successive 12 months, Dubai achieved 89.5% YoY development in whole introduced FDI initiatives in 2022, whereas whole FDI capital surged 80.3% over the identical interval, additional consolidating the emirate’s standing as one of many prime three world cities, a key aim of the Dubai Financial Agenda D33 launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
Monetary Instances Ltd. ‘fDi Markets’ knowledge for 2022 confirmed that Dubai continued to keep up and enhance its management place throughout key FDI attraction metrics. The emirate ranked first in attracting FDI initiatives into tourism, enterprise providers, monetary providers, transport and warehousing, shopper merchandise, and software program & IT providers sectors.
Dubai additionally emerged because the 2022 world chief in attracting FDI initiatives within the artistic industries cluster, in analysis and growth initiatives, and in attracting FDI undertaking headquarters by internet hosting worldwide firms’ world and regional headquarters.
His Excellency Helal Saeed Almarri, Director Common of Dubai’s Division of Economic system and Tourism, mentioned: “Dubai’s main world FDI rating underpins a complete framework of initiatives that have been launched to additional strengthen town’s enterprise and funding atmosphere, primarily based on the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
“Our technique to additional consolidate town’s place as one of many prime three world cities, consistent with the Dubai Financial Agenda, D33, is once more strengthened by the achievement of attracting and stimulating FDI and displays the arrogance buyers, multinational firms, start-ups, and world expertise have in Dubai. The expansion of town’s share in world Greenfield FDI initiatives clearly signifies our technique’s effectiveness and likewise highlights town’s place because the capital of the worldwide digital financial system and a hub for innovation and expertise, additional making certain that growing FDI influx stays a prime precedence and key aim of the D33 Agenda,” HE Helal Almarri added.