Dubai maintains top global ranking for attracting greenfield FDI projects

Dubai maintains top global ranking for attracting greenfield FDI projects

During the first half of 2023, Dubai’s global share in the attraction of greenfield FDI projects stood at 6.58 per cent - up from 3.83 per cent over the same six-month period last year.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, said: “Dubai’s ability to maintain its top ranking in attracting greenfield FDI projects reflects the city’s ability to create unparalleled growth opportunities and value for global investors… With the clear growth roadmap set out by the Dubai Economic Agenda D33, we continue to work to create an investment environment that not only wins the trust of investors from all over the world but also encourages them to contribute to Dubai’s transformation.”

New data released by Dubai FDI Monitor at Dubai’s Department of Economy and Tourism (DET) shows the city logged a total of 880 announced FDI projects between January and June this year, a year-on-year growth of 70 per cent.

Dubai’s greenfield FDI projects accounted for 65 per cent of total announced FDI projects, the FDI Monitor data showed, while year-on-year reinvestment FDIs increased from 3 per cent to 4.4 per cent when comparing H1 2023 with the same period in