Hamdan bin Mohammed: Pushed by Mohammed bin Rashid’s imaginative and prescient, Dubai gives the deep stability, sustainability, infrastructure and opportunity-rich setting wanted to make sure the long-term confidence of worldwide traders, companies and entrepreneurs
Helal Almarri: Dubai’s distinctive efficiency in attracting international direct funding in 2022 is a testomony to the emirate’s attraction as a vacation spot for entrepreneurs, traders, and world expertise
Dubai achieves 89.5% YoY development in whole introduced FDI initiatives in 2022 in comparison with 2021
Dubai attracts whole estimated FDI Capital of AED47 billion ($12.8 billion) in 2022 and creates an estimated 38,447 jobs
Dubai’s share in attracting world Greenfield FDI initiatives reaches 4% in 2022 – a rise of 1.9% in comparison with 2021 – with a document 837 initiatives, attaining the very best development in world shares throughout the previous seven years
The highest 5 supply international locations for FDI capital accounted for 72% of whole estimated flows into the emirate in 2022, whereas the highest 5 supply international locations for FDI initiatives accounted for 54% in 2022
Dubai retained its No. 1 spot globally for attracting Greenfield FDI initiatives in 2022, additional reinforcing its place because the world’s prime international direct funding hub, in keeping with the newest information from the 2022 Monetary Occasions ‘fDi Markets’ report.
Retaining its prime spot for a second successive yr, Dubai achieved 89.5% YoY development in whole introduced FDI initiatives in 2022, whereas whole FDI capital surged 80.3% over the identical interval, additional consolidating the emirate’s standing as one of many prime three world cities, a key purpose of the Dubai Financial Agenda D33 launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Government Council of Dubai mentioned: “Dubai’s skill to safe the No. 1 world rating for Greenfield FDI initiatives for the second yr in a row demonstrates its skill to maintain its compelling funding worth proposition even at a time when the worldwide economic system is dealing with headwinds. Pushed by the imaginative and prescient of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the emirate gives the deep stability, sustainability, infrastructure and opportunity-rich setting wanted to make sure the long-term belief of worldwide traders, companies and entrepreneurs. Over time, Dubai has cast dynamic partnerships with world traders to speed up innovation and create enduring financial worth. Dubai leads the world in attracting FDI in a variety of industries, particularly future-oriented sectors, a truth that could be a testomony to the strategic imaginative and prescient articulated within the Dubai Financial Agenda D33, which goals to consolidate Dubai’s place as one of many world’s prime city economies.”
Monetary Occasions Ltd. ‘fDi Markets’ information for 2022 confirmed that Dubai continued to keep up and enhance its management place throughout key FDI attraction metrics. The emirate ranked first in attracting FDI initiatives into tourism, enterprise providers, monetary providers, transport and warehousing, shopper merchandise, and software program & IT providers sectors. Dubai additionally emerged because the 2022 world chief in attracting FDI initiatives within the inventive industries cluster, in analysis and growth initiatives, and in attracting FDI challenge headquarters by internet hosting worldwide corporations’ world and regional headquarters.
His Excellency Helal Saeed Almarri, Director Normal of Dubai’s Division of Financial system and Tourism, mentioned: “Dubai’s main world FDI rating underpins a complete framework of initiatives that have been launched to additional strengthen town’s enterprise and funding setting, primarily based on the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
“Our technique to additional consolidate town’s place as one of many prime three world cities, consistent with the Dubai Financial Agenda, D33, is once more strengthened by the achievement of attracting and stimulating FDI and displays the boldness traders, multinational corporations, start-ups, and world expertise have in Dubai. The expansion of town’s share in world Greenfield FDI initiatives clearly signifies our technique’s effectiveness and likewise highlights town’s place because the capital of the worldwide digital economic system and a hub for innovation and expertise, additional making certain that rising FDI influx stays a prime precedence and key purpose of the D33 Agenda,” HE Helal Almarri added.
General in 2022, Dubai ranked seventh globally in attracting Greenfield FDI Capital and fifth globally in FDI Jobs. From a MENA perspective, Dubai ranked second in FDI Capital and first in FDI Jobs. In comparison with 2021, Greenfield FDI (wholly owned) and new types of investments elevated by 6% in 2022. The brand new types of investments reveal the extent of Dubai’s home market maturity and the varied non-equity-based partnership alternatives throughout joint ventures, strategic alliances, sub-contracting, licensing, production-sharing franchising, and turnkey initiatives.
The emirate’s share in attracting world Greenfield FDI initiatives reached 4%, a rise of 1.9% in comparison with 2021, with a document 837 initiatives enabling town to attain the very best development in world shares throughout the previous seven years, in keeping with information from Monetary Occasions’ fDi Markets, probably the most complete on-line database on cross-border Greenfield investments. Dubai attracted a complete of 1,173 FDI initiatives in 2022.
Dubai FDI Monitor’s information additionally revealed that the whole estimated FDI capital flowing into Dubai in 2022 was AED47 billion ($12.8 billion) in comparison with AED26.07 billion in 2021. An estimated 38,447 jobs have been created in Dubai in 2022 in comparison with 24,932 jobs in 2021.
The highest 5 supply international locations for FDI initiatives accounted for 54% of the whole in 2022, cut up among the many United States (20%), the UK (13%), India (12%), France (5%), and Switzerland (4%). Moreover, the highest 5 supply international locations for FDI capital accounted for 72% of the whole estimated flows into the emirate in 2022, cut up amongst Canada (41%), the UK (12%), the USA (11%), India (4%), and Switzerland (4%).
The highest 5 sectors – transportation & warehousing, resorts & tourism, renewable power, software program & IT providers, and shopper merchandise – accounted for 76% of the whole estimated flows into Dubai and 68% of introduced FDI initiatives — the transportation & warehousing sector led the pack with a dominant 45% share of FDI capital. Dubai FDI Monitor information additionally revealed that the highest 5 enterprise features accounted for 78% of whole estimated flows into Dubai, whereas 93% accounted for the whole introduced FDI initiatives in 2022. Enterprise providers additionally remained a distinguished enterprise perform primarily based on FDI initiatives and FDI capital in 2022.
Forms of international direct funding by initiatives
In comparison with 2021, Dubai leads the world in various essential metrics because of attracting several types of FDI initiatives and capital, together with Greenfield FDI and new types of investments: mergers, acquisitions, reinvestments, VC-backed FDI and greenfield joint ventures.
Complementing the 2022 improve in FDI capital, the resorts & tourism sector and the software program & IT providers sector catalysed development in whole estimated jobs created by FDI. Excessive and medium-tech FDI initiatives accounted for 63% of the initiatives recorded on this sector in 2022, highlighting Dubai’s place as a most popular vacation spot for high-tech FDI initiatives and a world centre for specialised expertise within the digital economic system.
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