Dubai retains its position as world’s leading destination for greenfield foreign direct investment
Emirate attracts US$14.24 billion in FDI, solidifying its status as a global hub
Dubai, the UAE's leading global tourism and business hub, continues to attract investors and visitors worldwide. According to the Dubai Government Media Office, the emirate has maintained its first-place ranking for greenfield foreign direct investment (FDI) projects for the fourth year in a row.
In 2024, Dubai achieved a record-breaking US$14.24 billion in FDI, reflecting a 33.2 per cent increase compared to 2023. The emirate also recorded 1,117 Greenfield FDI projects, the highest number in its history, as reported by China Daily, a partner of TV BRICS.
Data from the Dubai Department of Economy and Tourism's FDI Monitor showed that 1,826 FDI projects were announced in 2024, marking an 11 per cent increase from the previous year.
Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, highlighted that this achievement solidifies the city's status as a top global investment destination. Key sectors contributing to FDI growth included hotels and tourism (14 per cent), real estate (14 per cent), software and IT services (9.2 per cent), building materials (9 per cent), and financial services (6.8 per cent).
Dubai continues to enhance its reputation as a global investment hub, setting new standards for growth and adapting to changing trends in the international market.
Photo: iStock
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