Sunday, May 19, 2024 Dubai tops global FDI hub rankings, leading in key sectors and job creation, aligning with the ambitious Dubai Economic Agenda D33 to double its economy by 2033. Dubai has solidified its status as the premier global hub for foreign direct investment (FDI). The Financial Times Ltd’s ‘fDi Markets’ data reveals that in 2023, Dubai was ranked No.
1 worldwide for attracting Greenfield FDI projects, marking the third consecutive year it has achieved this top position. The city also led in key sectors such as consumer goods, energy, e-commerce, and tourism, excelling in both FDI capital attraction and job creation through FDI. This success aligns with the ambitious objectives of the Dubai Economic Agenda D33, launched in early 2023 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
The agenda aims to double Dubai’s economy by 2033, and the city’s robust FDI performance underscores its economic vitality and appeal to global investors. In 2023, Dubai attracted 1,070 global Greenfield FDI projects, a 142% increase over Singapore (442) and 148% more than London (431). Over the past five years, Dubai’s share of global FDI projects has tripled, rising from 1.
7% in 2019 to 6% in 2023. Dubai also ranked No.1 globally for headquarters FDI projects for the second consecutive year, with 60 projects in 2023.
Singapore and London followed with 40 and 31 projects, respectively. Additionally, Dubai.
