By Staff Reporter
Dubai Leads Global Greenfield FDI Projects in H1 2024
Dubai has maintained its position as the world’s top city for attracting Greenfield Foreign Direct Investment (FDI) projects in the first half of 2024, according to the Financial Times Ltd’s ‘fDi Markets’ data.
The emirate attracted 508 projects from January to June, securing a 6.2% global share, up from 5.7% in the same period in 2023.
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, emphasized the city’s enhanced role in the global economic landscape, crediting the forward-thinking vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum for transforming Dubai into a global investment hub.
Sheikh Hamdan noted Dubai’s advanced infrastructure and progressive economic policies as key drivers in maintaining its top position for six consecutive half-year periods since 2021. He added that Dubai aims to further strengthen its position as a leading destination for investors under the Dubai Economic Agenda D33, which aims to double the economy by 2033.
Dubai ranked first across sectors such as tourism, real estate, AI, logistics, and fintech in H1 2024, also rising from third to first in the Middle East and North Africa (MENA) region for FDI capital.
Helal Saeed Almarri, Director-General of Dubai’s Department of Economy and Tourism, highlighted Dubai’s pro-business environment and infrastructure as key factors in attracting over 500 FDI projects in the first half of 2024, showcasing its growing appeal to international investors.
News Source: Emirates News Agency
