Dubai consolidates its position as 'FDI Global City of the Future'

Dubai - Dubai placed third in the ‘FDI Global Cities of the Future2021/2022’ report’s overall global rankings

The vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, helped the emirate lay solid foundations for its emergence as a preferred regional and global investment destination, said Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of the Dubai Executive Council.

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His Highness said Dubai’s high ranking in the new ‘FDI Global Cities of the Future 2021/2022’ report validates the emirate’s status as a magnet for foreign direct investment (FDI). Dubai was placed third overall globally and second in the ‘Major Cities’ category according to the report published on Thursday by fDi Intelligence, part of the Financial Times.

“Dubai’s integrated investment environment and readiness make it one of the most sought-after global hubs for investment opportunities. The emirate’s world-beating hard and soft infrastructure place it among international FDI destinations with the highest growth potential,” said Sheikh Hamdan.

“Strengthening the strategic drivers of Dubai’s investment environment and transforming challenges arising in the current environment into fresh opportunities in the areas of Impact FDI and sustainable development are top priorities for the leadership. The findings of the report encourage Dubai to help more global businesses and startups maximise their growth and expansion in regional and global markets by effectively leveraging the emirate’s investment advantages,” added Sheikh Hamdan.

Backed by its world class infrastructure, legislative framework and ease of doing business, Dubai’s economy has become a global model for resilience, diversity, crisis preparedness and readiness for change.

“Dubai’s rankings in the ‘FDI Global Cities of the Future2021/2022’ report reflect the proactive vision of its leadership and its ability to ride the wave of global transformations and navigate challenges effectively,” said Sami Al Qamzi, director- general, Dubai Economy.

“Dubai’s high FDI rankings and its proven future readiness will enhance its attractiveness for investors seeking sustainable opportunities, especially in the food, agriculture health, advanced technology, trade and logistics sectors.”