Dubai retains top spot for global FDI attraction in 2024
Dubai has been ranked the world's number one destination for Greenfield Foreign Direct Investment (FDI) projects for the fourth consecutive year, according to Financial Times Ltd.'s 'fDi Markets' data.
In 2024, the city attracted AED 52.3 billion ($14.24 billion) in FDI, a 33.2% increase from the previous year, marking the highest FDI value ever recorded in a single year.
Dubai also saw a record 1,117 Greenfield FDI projects and 1,826 announced FDI projects, creating 58,680 jobs. The city's impressive performance highlights its thriving business environment, world-class infrastructure, and favorable regulations, driven by the Dubai Economic Agenda D33, which aims to double the economy by 2033.
In 2024, Dubai ranked globally in various sectors, including business services, IT, and financial services, solidifying its position as a hub for investment, innovation, and job creation.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, and Chairman of The Executive Council of Dubai, said Dubai's emergence as a frontrunner in the global investment landscape has been inspired and guided by the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai.
For the fourth year in a row, Dubai has been ranked as the world's top destination for Greenfield Foreign Direct Investment (FDI) projects, according to Financial Times Ltd.'s 'fDi Markets' data. In 2024, the emirate attracted 1,117 Greenfield FDI projects worth over AED52… pic.twitter.com/DdaTyFXrtt
— Hamdan bin Mohammed (@HamdanMohammed) March 9, 2025
'Dubai's ability to steadily consolidate its status as a leading global destination for foreign direct investment reflects its commitment to delivering exceptional value to investors worldwide.
The city's ranking as the world's No.1 destination for attracting Greenfield FDI for the fourth consecutive year is a testament to its ability not only to set new global benchmarks for sustained, rapid growth but also to continuously evolve its investment proposition in response to changes sweeping the international market.
This success is the result of a strategic vision that keeps pace with economic and technological transformations, aligned with the ambitious objectives of the Dubai Economic Agenda D33 to double the size of the emirate's economy by 2033 and establish it as one of the world's top three urban economies.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
8 hours ago
- Al Etihad
Presidents of UAE, Angola explore cooperation opportunities
8 June 2025 22:07 ABU DHABI (WAM) President His Highness Sheikh Mohamed bin Zayed Al Nahyan held a phone call with His Excellency João Manuel Lourenço, President of the Republic of Angola, during which they discussed cooperation between the UAE and Angola and explored ways to strengthen ties in support of development priorities and the shared goal of sustainable growth and Lourenço also extended Eid Al-Adha greetings to His Highness, wishing him continued health and two leaders discussed a number of issues of mutual interest and exchanged views on regional and global matters. They reaffirmed their shared commitment to advancing cooperation between the UAE and African nations, particularly in the fields of development and economic partnership, in ways that support stability, promote sustainable economic growth, and help realise the aspirations of their peoples. His Highness Sheikh Mohamed bin Zayed reiterated the UAE's commitment to enhancing development cooperation with African countries, in line with its longstanding approach to building constructive and impactful partnerships that contribute to shared progress and prosperity.
Gulf Today
9 hours ago
- Gulf Today
Ministry of Economy, Dubai Police partner to strengthen cooperation
The Ministry of Economy has signed a Memorandum of Understanding (MoU) with Dubai Police General Command to strengthen cooperation and coordination in developing compliance mechanisms for anti-money laundering (AML) and combatting the financing of terrorism (CFT) requirements. The agreement facilitates the exchange and integration of information between the two entities, thus enhancing supervisory roles within the national legislative framework. The MoU was signed on the sidelines of the fourth edition of the World Police Summit, held at the Dubai World Trade Centre under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The agreement was signed by Safia Hashim Al Safi, Assistant Undersecretary for Commercial Control and Governance at the Ministry of Economy, and Major General Expert Khalil Ibrahim Al Mansoori, Assistant Commander-in-Chief for Criminal Investigation Affairs at Dubai Police. Safia Al Safi emphasised that the UAE has made significant strides in developing advanced strategies, policies, and legislation to combat money laundering and terrorism financing in line with the highest international standards. This has further reinforced the national economy's position as a competitive trade and business hub committed to the highest standards of integrity and transparency. He noted that the partnership with Dubai Police aligns with the Ministry's vision to enhance collaboration with federal and local entities, thereby strengthening the national framework and developing mechanisms to combat financial crimes and enhance regulatory infrastructure in accordance with relevant international standards. Safia Al Safi explained that the MoU establishes a sustainable institutional framework between the Ministry and Dubai Police to collaborate on various AML/CFT procedures within the country, including control, inspection, and monitoring of illicit activities. This partnership aims to elevate the efficiency of control and follow-up systems and serves shared objectives in combating financial crimes within the country. Press Release Supporting national efforts Major General Expert Khalil Al Mansoori said: 'The MoU with the Ministry of Economy is a significant milestone in enhancing institutional integration among relevant entities involved in combating financial crimes. Dubai Police is committed to supporting national efforts to counter money laundering and combat terrorism financing by advancing its technical and human competencies. We aim to leverage Dubai Police's research, investigation, and financial analysis ecosystems to develop effective, proactive mechanisms for detecting suspicious activities and enhancing rapid responses to associated risks, in line with global best practices. This plays a role in reinforcing the UAE's position as a secure and transparent global economic hub.' He further emphasised that the collaboration marks a significant step forward in integrating national efforts and unifying resources and expertise to develop more precise and effective regulatory tools, while continuing to invest in national talent and smart technologies to build a safer and more stable environment. Counselor Salem Al Tunaiji, Director of the Anti-Money Laundering and Counter-Terrorism Financing Department at the Ministry of Economy, explained that the MoU provides advanced mechanisms for technical and security coordination between the Ministry and Dubai Police. This includes the exchange of data related to money laundering and terrorism financing crimes, aligning with the Ministry's role in supervising Designated Non-Financial Businesses and Professions (DNFBPs) and identifying the real beneficial owners of legal entities. Under the scope of the MoU, both parties will collaborate on developing integrated mechanisms and programs to elevate risk response efficiency related to suspicious financial activities within the DNFBP sector, which include real estate agents and brokers, traders of precious metals and stones, auditors, and company service providers. This will be realised through the exchange of data on suspicious transactions and activities and the activation of secure and effective institutional communication channels to ensure the swift exchange of confidential data in line with the approved legal and regulatory frameworks. These efforts support their awareness endeavours to prevent and deter violators, in line with the applicable legislations and regulations in the UAE. The MoU also outlines the implementation of joint training programs and specialised workshops aimed at enhancing the professional competencies of both parties' staff and the development of periodic analytical reports to support decision-making, ensuring the comprehensive application of administrative and regulatory procedures. Additionally, the MoU includes provisions to support awareness and media campaigns related to institutional compliance and financial crime prevention, as well as collaboration in developing relevant policies and legislation and reviewing regulatory frameworks to ensure their alignment with international requirements. Meanwhile, the Abu Dhabi Judicial Department (ADJD) organised the 'Eid Joy' initiative, which brought together well-behaved inmates of correctional and rehabilitation centres with their families in a festive atmosphere on the occasion of Eid Al-Adha.
Sharjah 24
15 hours ago
- Sharjah 24
SEWA launches 10 lighting projects in Kalba
Key projects underway Engineer Youssef Al Hammadi, Director of SEWA's Kalba Department, confirmed that the authority is executing development and lighting works according to a defined timeline, following the directives of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah . Among the significant projects in progress is the lighting of main roads in the new industrial zone, where SEWA is installing 100 lighting poles and 200 fixtures, in addition to laying 11,000 metres of electrical cables. The project began in January 2025 and is expected to be completed by July, with an estimated cost of AED 2 million . Work is also ongoing on the second phase of Al Hefaiyah Lake lighting project, aimed at fully covering the tourist area with modern lighting units. This phase is valued at AED 1.5 million . In the second phase of the Jabal Deem lighting project, SEWA is implementing specialised technical solutions due to the area's unique geography, with a budget reaching AED 13 million . Additional work is being carried out in the Ghail area, including the installation of 400 lighting units and 250 poles, alongside 15,000 metres of electrical cables . Upgrades are also taking place on Kalba–Sharjah Road, Lake Street, and within the University District, where 1,400 traditional lights are being replaced with energy-efficient LED fixtures . The authority's lighting efforts in Kalba also include the implementation of an annual maintenance programme for the city's lighting network, as well as a dedicated project to improve lighting in the residential area of Al Qadisiya . Completed projects Several lighting projects have been completed in recent months. One of the most notable is the lighting of Khatmit Al Malaha Road, finished in April 2025, which included the installation of 100 lights, 50 poles, and 7,000 metres of cabling. Another completed project is the lighting of Saad bin Abi Waqqas Street, which saw the installation of 100 lights, 60 poles, and 10,000 metres of electric cable . These initiatives reflect SEWA's continued commitment to sustainable infrastructure development and enhanced public safety across Kalba .
