Dubai maintained its top spot internationally for FDI project attraction during H1 2022, solidifying its position as the top foreign direct investment (FDI) hub.
According to data posted by Dubai’s Department of Economy and Tourism (DET), the emirate’s first half of 2022 saw a record 492 FDI projects drawn to Dubai, a rise of 80.2% over the same period in 2021.
According to “FDI Markets,” the largest online database on cross-border greenfield investments, published by the Financial Times Ltd, Dubai also led the world in drawing greenfield FDI projects over the same period this year.
The city continued to lead the Middle East and North Africa in employment associated with FDI, creating 15,164 new employment opportunities in H1 2022 as a result of FDI investments and projects, an increase of 33.5% when compared to H1 2021.
Due to the increase in FDI inflows, Dubai now leads the world across key metrics. It attracted FDI projects and capital of all kinds, including new investment forms, mergers and acquisitions, reinvestments, greenfield projects, and reinvestments.
In terms of the quantity of FDI projects in the business services, financial services, transportation and warehousing, industrial equipment, and sales, marketing, and support sectors, the emirate came in first place globally.
The ranking attests to Dubai’s accomplishment of establishing worldwide leadership in a number of FDI sub-sectors.
“Our strong partnership with the international investment community is growing with a commitment to provide all growth ingredients and protect investors’ interest to achieve a win-win situation, which will further raise Dubai’s status as a regional and global investment hub,” said H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council.
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