Dubai has been and continues to be the world’s leading investment destination. For the third time in a row, it has retained its position as the world’s top destination for attracting foreign direct investment projects in 2023.
This achievement not only indicates that Dubai is keeping pace with the global economic and investment landscape, but also confirms that it is setting new standards for strong and sustainable growth. This came on the occasion of the announcement that Dubai has topped the list of the best global destinations to attract FDI projects in 2023 for the third consecutive year, according to the Financial Times FDIMarkets data on FDI markets.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said: ‘The steady increase in FDI inflows is an important enabler of the Dubai Economic Agenda D33, launched by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, with an ambitious vision to double the size of the emirate’s economy by 2033. We have all the key ingredients to make Dubai a strong magnet for investments, projects, talent, and minds, thanks to its advanced infrastructure and dynamic business environment that supports innovation and stimulates creativity,’ said Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.
Dubai is at the forefront of Foreign Direct Investment
Dubai ranked first globally in attracting foreign direct investment (FDI) as well as capital from FDI projects. In addition to creating new job opportunities in FDI projects within key sectors. The most important sectors were financial services, consumer goods, energy, e-commerce, and tourism. The outstanding performance in attracting FDI projects confirms Dubai’s strong economic growth and attractiveness to international investors.
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Dubai’s attractiveness is reflected in its position at the top of the global ranking of destinations where foreign investment projects are headquartered. Last year, it attracted 60 projects. Dubai also ranked fourth globally in job creation from inward FDI projects, up from fifth place in 2022. Its position improved from seventh to fifth globally in attracting capital from inward FDI projects.
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