Dubai has emerged as a top destination for foreign direct investment, with a consistent annual growth in projects since 2020. Despite global downward trends, Dubai has continued to attract new foreign investment projects, according to reports from “FDI Intelligence” and the Dubai Foreign Direct Investment Observatory.
Between 2020 and 2023, Dubai welcomed 3,282 new foreign investment projects worth $33.42 billion (122.73 billion dirhams). In 2023, Dubai received the largest share of foreign direct capital inflows in the Emirates, amounting to $6.81 billion (25 billion dirhams). This accounted for approximately 81% of the total number of foreign investment projects in the Emirates.
In recent years, Dubai has established itself as a leader in the Middle East and North Africa region and third globally in terms of attracting foreign direct investment projects. In 2021, the estimated value of FDI capital inflows to Dubai surpassed $7.08 billion (26 billion dirhams), further solidifying its status as a premier destination for foreign investment. The success of Dubai’s economy is attributed to its strategic location at the crossroads of major trade routes and its modern infrastructure that makes it easy for businesses to operate in the region.
The Mets made a trade on Sunday, acquiring left-handed pitcher Matt Gage from the Los…
In South Africa, a killer whale was found to have torn apart a great white…
Elly Schlein, the leader of the Democratic Party, is calling for a new phase within…
Juventus, the Turin team, has officially joined Meta messaging service to enhance its social offering.…
Iowa has been making progress in implementing the 988 crisis line for individuals experiencing mental…
In the first five months of this year, social security benefits in Argentina, including the…