Dubai, UAE — Dubai ranked as the top spot globally for attracting Greenfield Foreign Direct Investment (FDI) projects for the second year in a row in 2022, achieving an 89.5 percent year-on-year growth and FDI capital inflows of AED 47 billion ($12.79 billion).
The emirate’s share of global Greenfield FDI projects in 2022 reached 4 percent, said Sheikh Hamdan bin Mohammed, Crown Prince of Dubai and Chairman of Dubai Executive Council.
“These exceptional achievements support the strategic vision outlined by the Dubai Economic Agenda D33. We are committed to building on these successes to further raise Dubai’s status as a leading global business and investment destination,” Sheikh Hamdan said.
Dubai ranked first globally in attracting greenfield FDI projects in 2021, up from the third spot in 2020, according to the annual ‘DUBAI FDI Results & Rankings Highlights Report 2021’.
The emirate attracted 418 greenfield FDI projects, Sheikh Hamdan had said.
Dubai ranked first in the Middle East and North Africa region (MENA), and third globally, up from fourth place in 2020, in FDI capital inflows.
In Reinvestment FDI projects, Dubai had ranked first in the MENA region and third globally (up from fourth place in 2020), and seventh globally, (up from eleventh place in 2020), in FDI capital inflows.
As for FDI job creation, Dubai ranked first in the MENA region and fifth globally, up from the sixth-place in 2020.
Top tourism FDI destination
The emirate last year retained its top rank worldwide for attracting foreign direct investment (FDI) into tourism in 2021.
With AED6.4 billion ($1.74 billion) in FDI across 30 FDI projects during the year, Dubai ranked number one in FDI capital, projects, and job creation in the tourism sector in 2021, according to The Financial Times’ fDi Markets data, a leading global data source on cross border greenfield FDI investments.
Read full report here: Dubai retains spot as world’s top tourism FDI destination in 2021
The Dubai Investment Development Agency (Dubai FDI) at the Department of Economy and Tourism (DET) last year gained international recognition for its successful efforts in capturing FDI trends and patterns toward positioning the city as a global investment destination.