His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, has announced that with a record number of 418 greenfield FDI projects, Dubai has achieved the top ranking in the world in attracting foreign direct investment (FDI) in 2021.
Unveiling the annual ‘DUBAI FDI Results and Rankings Highlights Report 2021’, published by Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economy and Tourism (DET), HH Sheikh Hamdan expressed his gratitude to His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai for Dubai’s rise as the world’s top-ranked destination for foreign direct investment and his exceptional leadership and attributed Dubai’s remarkable achievements.
The annual ‘DUBAI FDI Results and Rankings Highlights Report 2021’ ranked Dubai first globally in attracting greenfield FDI projects in 2021, up from the third position last year, with 418 greenfield FDI projects. The report was based on data from the Financial Times Ltd. ‘fDi Markets’, the world’s leading source of data on greenfield FDI projects.
The Dubai FDI Results & Rankings Highlights Report 2021 is based on the Dubai FDI Monitor, which has analysis information on all types of FDI projects in Dubai, including greenfield FDI projects, reinvestment projects, mergers & acquisitions, and joint ventures along with the recently added venture capital (VC) Backed FDI.
According to a statement on Sunday by the Dubai Media Office, Dubai attracted 618 FDI projects in 2021, including greenfield as well as reinvestment projects and other forms of investment, with the value of FDI capital flows into the emirate estimated at Dh26bn ($7bn), up 5.5 per from last year.
Dubai also ranked third globally in terms of HQ FDI capital flows, which amounted to Dh2.8 billion, according to data from ‘fDi Markets.’