Culture and creative industries: Dubai tops global list in FDI projects in 2022

Culture and creative industries: Dubai tops global list in FDI projects in 2022

Dubai has achieved the top global ranking in attracting foreign direct investment (FDI) projects in the cultural and creative industries in 2022.

According to the Dubai FDI Monitor report, compiled by Dubai’s Department of Economy and Tourism (DET) and based on data from the Financial Times‘ ‘fDi Markets,’ the world’s leading data source on greenfield FDI projects, Dubai attracted a record-breaking 451 projects in the cultural and creative industries.

This represents an increase of 107.7 per cent, surpassing major global cities such as London, Singapore, Paris, and Berlin.

Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, chairperson of Dubai Culture and Arts Authority and member of the Dubai Council., said: “These notable accomplishments exemplify the remarkable strides made by Dubai’s cultural and creative industries and highlight the strength of its economic ecosystem.

“The emirate attracts innovators and talented individuals worldwide, providing them with an enabling environment where innovative projects can flourish, ground-breaking ideas can be nurtured and ambitious concepts can be transformed into thriving economic ventures.

“Dubai achieves this by leveraging its unique cultural diversity and renowned status as a premier destination for living, working, and investing. Moreover, Dubai is committed to establishing a sustainable development landscape that transcends the present and future, ultimately positioning