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The Emirate of Dubai is taking one of the lead positions in the world in attracting Foreign Direct Investments

MK

31 Jan 2022

Dubai has long been on the map for foreign direct investment (FDI), now placing near the top in a post-corona investment environment.

Dubai has been considered as one of the best places for foreign direct investment (FDI) in the world.

Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economy and Tourism (DET) in Dubai released the data, stating that the United Arab Emirate's attracted AED15.9 billion from 378 projects in 2021, a reasonable increase compared to the same period of 2020.

FDI job creation also had a huge growth of 36% during 2021 compared to 2020. Around 16,430 new jobs were created in 2021 compared to 12,090 jobs in 2020. In comparison, 24,294 jobs were created in 2019, at pre-corona times.

The total number of FDI projects increased by 16%, from 326 in 2020 to 378 in 2021.

His Highness Sheikh Hamdan shared his positive thoughts regarding Dubai being one of the world’s safest and most stable investment destinations, as it has been proved by FDI Monitor that a lot of investors from all over the world have opened businesses in Dubai.

This article is based on publicly available information and given for informational purposes only. It is not intended as legal advice or as a comprehensive analysis of the matters referred to herein.