Dubai has been placed third overall globally and second in the ‘Major Cities’ category according to the report published by fDi Intelligence, part of the Financial Times. Dubai’s high ranking in the new ‘FDI Global Cities of the Future 2021/2022’ report validates the emirate’s status as a magnet for foreign direct investment (FDI).
“Dubai’s integrated investment environment and readiness make it one of the most sought-after global hubs for investment opportunities. The emirate’s world-beating hard and soft infrastructure place it among international FDI destinations with the highest growth potential,” said His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai.
Strengthening the strategic drivers of Dubai’s investment environment and transforming challenges arising in the current environment into fresh opportunities in the areas of Impact FDI and sustainable development are top priorities for the leadership. The findings of the report encourage Dubai to help more global businesses and startups maximise their growth and expansion in regional and global markets by effectively leveraging the emirate’s investment advantages, His Highness said.
Backed by its world class infrastructure, legislative framework and ease of doing business, Dubai’s economy has become a global model for resilience, diversity, crisis preparedness and readiness for change.
HE Sami Al Qamzi, Director General, Dubai Economy said “Dubai’s high FDI rankings and its proven future readiness will enhance its attractiveness for investors seeking sustainable opportunities, especially in the food, agriculture health, advanced technology, trade and logistics sectors.”
Fahad Al Gergawi, Chief Executive Officer of the Dubai Investment Development Agency (Dubai FDI), stated that Dubai has maintained its position as one of the world’s top ten FDI destinations across all general and sector indicators over the past five years, thanks to the guidance of Dubai’s leadership. Al Gergawi said the latest rankings highlight the confidence Dubai enjoys in the investor community. The emirate’s leadership in the global investment landscape was validated by a comprehensive analysis of the investment environment in the emirate using data collected from the fDi Intelligence division of the Financial Times and with specialist online tools fDi Markets and fDi Benchmark, and the evaluation of Dubai FDI’s application by a distinguished judging panel.
“Dubai’s rise in the overall rankings of the “FDI Global Cities of the Future2021/2022” from sixth to third, next only to Singapore and London, is a powerful validation of its growing global status,” said Al Gergawi.
Dubai was also placed third in the FDI strategy sub-indicator among ‘Major Cities’ after Berlin and Hong Kong, and eighth in the overall global rankings. The emirate’s exceptional achievements in the areas of infrastructure and urban development caught the attention of the ‘FDI Global Cities of the Future2021/2022’ evaluation panel, which specially commended the emirate for its investment in green development.
Dubai’s high rankings are expected to create global awareness about its unique investment environment and create new opportunities across the world, particularly in the Middle East, Europe and Africa.
