2 June, 2022
Dubai Tops the World in FDI Projects for 2021
Dubai topped the global ranking as the most sought-after destination for greenfield foreign direct investment projects in 2021 on the back of “a sustainable economic environment and a vibrant business ecosystem for companies and entrepreneurs.”
Dubai emerged as the destination of choice for 418 greenfield FDI projects in 2021, surpassing London and Singapore for the first time with a remarkable lead of over 50 FDI projects as it continued to maintain and improve on its lead position across key FDI attraction metrics.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, attributed the emirate’s remarkable feat in attracting 418 greenfield FDI projects in 2021 to the exceptional leadership and farsighted vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
Dubai recorded significant growth in all key indicators compared to the previous year. In 2021, the estimated value of capital flows into Dubai exceeded Dh26 billion from a total of 618 announced FDI projects in 2021, with a growth rate of 5.5% compared to 2020 while the UAE attracted Dh76 billion in FDI in 2021, up 3.9% from 2020, as a result of measures the country took to develop various economic sectors and improve the ease of doing business.
Dubai attracted 43 Headquarters (HQ) FDI projects in 2021, leading regionally in this category and ranking second globally behind Singapore, surpassing major cities such as London and New York, in hosting global and regional headquarters of international companies. Dubai also ranked third globally in terms of HQ FDI capital flows, which amounted to Dh2.8 billion, according to data from ‘fDi Markets.’
Fahad Al Gergawi, chief executive officer, Dubai Investment Development Agency, (Dubai FDI) said Dubai’s regional and global pre-eminence in FDI attraction indicators is the fruit of the vision and guidance of the leadership, which manifested in setting a clear goal in the Dubai Plan 2021 to make the emirate the preferred global FDI destination.
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