Dubai ranks first regionally in attracting FDI projects in 2021

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Monday, May 30th, 2022 9:25am

By ARN News Staff

Dubai has ranked first regionally and second globally in attracting Foreign direct investment (FDI) projects in the creative economy in 2021.

According to the Dubai FDI Monitor report, published by the Dubai Investment Development Agency (Dubai FDI), the city attracted 233 new projects in the creative economy in 2021.

Dubai surpassed other major cities such as New York, Singapore and Berlin, with its ranking improving from fifth in the previous year.

The report was based on data from the Financial Times’ ‘fDi Markets,’ the world’s leading data source on greenfield FDI projects.

The US topped the list of countries in FDI capital inflows to Dubai in the past five years.

During 2017 and 2021, the city attracted FDI worth AED 50.9 billion and ranked first in the region and fourth globally in terms of creating jobs.