Dubai Ranked World's Top Destination for Attracting Greenfield FDI for Fourth Successive Year
Dubai: Dubai has been ranked the world's No.1 destination for Greenfield Foreign Direct Investment (FDI) projects for the fourth successive year, according to the Financial Times Ltd.'s 'fDi Markets' data.
According to Bahrain News Agency, in 2024, Dubai attracted AED52.3 billion ($14.24 billion) in estimated FDI capital, a 33.2% increase from AED39.26 billion ($10.69 billion) in 2023, marking the highest FDI value ever recorded in a single year for the emirate since 2020.
Dubai attracted a record-breaking 1,117 Greenfield FDI projects in 2024, the highest in its history. Dubai also achieved a historic milestone in FDI attraction with 1,826 announced FDI projects, an 11% increase from 1,650 projects in 2023, according to DET's Dubai FDI Monitor.
This marks the highest number of total announced FDI projects ever recorded by the emirate. A total of 58,680 estimated jobs were generated through FDI in 2024, a 31% increase from 44,745 jobs in 2023, according to the Emirates News Agency (WAM).
The city also adv
anced from fourth to third globally regarding jobs created through inward FDI in 2024, securing the top position in MEA. Dubai experienced a surge in talent attraction across key sectors such as business services, software IT services, real estate, transportation/warehousing, financial services, industrial equipment, consumer products, and communications.
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