Dubai consolidated its status as the world’s leading foreign direct investment (FDI) hub, retaining its first rank globally for attracting FDI projects during H1 2022.
The news was announced by Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on his Twitter.
Sheikh Hamdan said, “Dubai ranked first globally in term of FDI thanks to the vision and directives of @HHShkMohd. 492 projects opted for Dubai during 1H of 2022, reflecting investors’ strong confidence in Dubai, and its stable and conducive business environment backed with sophisticated infrastructure.”
Sheikh Hamdan also said, “Our strong partnership with international investment community is growing with a commitment to provide all growth ingredients and protect investors’ interest to achieve win-win situation, which will further raise Dubai’s status as a regional and global investment hub.”
Dubai also ranked first globally in attracting greenfield FDI projects during the same period this year, according to the Financial Times Ltd’s "FDI Markets”, the most comprehensive online database on cross-border greenfield investments.
Greenfield projects accounted for a 56 per cent share of Dubai’s FDI projects during the period, according to the Dubai Investment Development Agency (Dubai FDI), a DET entity, using data from its Dubai FDI Monitor.
Dubai witnessed FDI inflows of Dhs13.72 billion in H1 2022, reflecting a growth of 14.6 per cent compared to the same period last year.
Source: Gulf Today