Dubai retains its position as world’s top FDI destination in H1-22

Dubai retains its position as world’s top FDI destination in H1-22

DUBAI: Dubai consolidated its status as the world’s leading foreign direct investment (FDI) hub, retaining its first rank globally for attracting FDI projects during H1 2022.

In a record first-half achievement for the emirate, Dubai attracted 492 FDI projects during the first six months of 2022, an 80.2 percent increase compared to the same period in 2021, according to data published by Dubai’s Department of Economy and Tourism (DET).

Dubai also ranked first globally in attracting greenfield FDI projects during the same period this year, according to the Financial Times Ltd’s “FDi Markets”, the most comprehensive online database on cross-border greenfield investments. Greenfield projects accounted for a 56 percent share of Dubai’s FDI projects during the period, according to the Dubai Investment Development Agency (Dubai FDI), a DET entity, using data from its Dubai FDI Monitor. Dubai witnessed FDI inflows of AED13.72 billion in H1 2022, reflecting a growth of 14.6 percent compared to the same period last year.

Meanwhile, FDI investments and projects generated 15,164 new jobs in H1 2022, a 33.5 percent year-on-year growth compared to H1 2021. Dubai retained its top rank in FDI-related employment among countries in the Middle East and North Africa (MENA).

Underlining its focus on retaining investments