Dubai retains top spot for global FDI attraction
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.
'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
Yemen Online
21-04-2025
- Yemen Online
UAE foreign trade reaches AED5.23 trillion in 2024
The UAE foreign trade touched AED5.23 trillion ($1.424 trillion) in 2024, a 49 per cent increase from AED3.5 trillion ($949 billion) in 2021, according to the World Trade Organisation's latest report. The growth reflects the UAE's strategic economic vision, reinforcing its position as the leading trade hub in the Middle East and Africa since 2014 and among the top 20 global trade centres for goods and services. In a global trade environment marked by 2.9 per cent growth in merchandise trade and 6.8 per cent in services trade in 2024, the UAE's performance underscores its resilience amid rising tariffs and uncertainties. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, emphasised the UAE's role as a global trade hub, saying, 'In a world of economic and trade challenges, the UAE has prioritised openness, connectivity, and the free flow of trade, capital, and people, establishing itself as a vital link between East and West and a global economic centre." In a post on his official social media handle, Sheikh Mohammed highlighted key achievements from the WTO report. He said "the UAE exported goods worth AED 2.2 trillion in 2024, marking a 6 per cent growth over the previous year" and recorded 41 per cent of the total commodity exports in the region. The country also "exported services worth AED 650 billion in 2024, of which AED 191 billion were digital services, representing 30 per cent of total service exports". "Our commitment to openness, trade liberalisation, and global connectivity will ensure continued growth," Sheikh Mohammed added. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, highlighted that "the UAE has solidified its status as a global trade hub. Ranking 11th in merchandise exports and 13th in services exports, with a trade surplus of AED492.3 billion, the UAE achieved merchandise exports of AED2.22 trillion and services exports of AED646.6 billion, including AED191 billion in digital services, reflecting 30 percent growth and leadership in future-oriented sectors. "These achievements stem from national efforts, flexible policies, and strong international partnerships. The UAE will continue to enhance its global role by facilitating trade, expanding collaborations, and integrating with global value chains."
Yemen Online
17-04-2025
- Yemen Online
UAE's Majid Al Futtaim invests $1.36 billion to expand Dubai's Mall of the Emirates
Emirati retail conglomerate Majid Al Futtaim announced on Wednesday a AED 5 Billion ($1.36 billion) investment to expand Dubai shopping mall the Mall of the Emirates. ($1 = 3.6728 UAE dirham)
Yemen Online
08-04-2025
- Yemen Online
Abu Dhabi records 9% growth in non-oil foreign trade
Abu Dhabi Customs has reported a 9 per cent increase in the emirate's non-oil foreign trade in 2024, reaching AED 306 billion, up from AED 281.9 billion in 2023. Non-oil exports surged by 16 per cent to AED 107.8 billion, while re-exports grew by 11 per cent to over AED 58 billion, and imports saw a 3 per cent rise to AED 140.2 billion. This growth is attributed to Abu Dhabi's business-friendly environment, proactive policies and initiatives aimed at reducing costs and streamlining trade processes. Customs declarations rose by 3 per cent, with digital platform transactions up by 17 per cent, and automated transactions increasing by 31 per cent. Rashed Lahej Al Mansoori, Director General of Abu Dhabi Customs, emphasised the emirate's continued growth as an economic powerhouse, committed to enhancing trade and supporting the UAE's development. Abdulla Gharib Al Qemzi, Director General of the Statistics Centre – Abu Dhabi, said that these figures reflect the success of policies that drive sustainable growth and reinforce Abu Dhabi's position as a major trade hub.
