Dubai ranks first globally in attracting FDI projects in cultural and creative industries in 2022

Dubai ranks first globally in attracting FDI projects in cultural and creative industries in 2022

Dubai has achieved top global ranking in attracting Foreign Direct Investment (FDI) projects in the cultural and creative industries in 2022, further reinforcing the emirate’s leadership and growing competitiveness as the global capital of the creative economy, revealed H.H. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority and Member of the Dubai Council.

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 impressive increase of 107.7 percent, surpassing major global cities such as London, Singapore, Paris, and Berlin.

Dubai's leading position in the global index underscores its commitment to fostering a dynamic creative ecosystem and cements its position as a hub for exceptional creative talent, a breeding ground for innovation and a preferred destination for investment.

Dubai’s latest milestone is a testament to the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to position the city as a global centre for culture, an incubator for