Dubai ranks first in the world in attracting FDI projects in 2021

Dubai ranks first in the world in attracting FDI projects in 2021

The emirate experienced significant growth in all key indicators compared to the previous year

Published: Sun 8 May 2022, 3:41 PM Last updated: Sun 8 May 2022, 5:57 PM

Dubai topped the global ranking as the most sought-after destination for greenfield foreign direct investment projects in 2021 on the back of “a sustainable economic environment and a vibrant business ecosystem for companies and entrepreneurs.”

Dubai emerged as the destination of choice for 418 greenfield FDI projects in 2021, surpassing London and Singapore for the first time with a remarkable lead of over 50 FDI projects as it continued to maintain and improve on its lead position across key FDI attraction metrics.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, attributed the emirate’s remarkable feat in attracting 418 greenfield FDI projects in 2021 to the exceptional leadership and farsighted vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

Over 50 laws updated

Dubai’s success comes in the wake of the largest legislative transformation in the history of the UAE, with over 50 laws in all fields updated and reformed in 2021, paving the