Dubai has cemented its place as a top destination for foreign direct investment, with steady growth in projects every year since 2020. Despite global economic downturns, the city continues to attract new foreign investment projects, as reported by “FDI Intelligence” and the Dubai Foreign Direct Investment Observatory. From 2020 to 2023, Dubai welcomed 3,282 new foreign investment projects worth a total of $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 represented about 81% of the total number of foreign investment projects in the Emirates. In 2022, Dubai attracted nearly half of the total foreign direct investment inflows, bringing in $12.8 billion (47 billion dirhams) and announcing a total of 1,173 foreign direct investment projects, representing an astonishing 89% increase from the previous year.
Dubai’s success in attracting foreign direct investment projects has positioned it as a leader in the Middle East and North Africa region and third globally. In 2021, Dubai’s estimated value of FDI capital inflows surpassed $7.08 billion (26 billion dirhams), further solidifying its status as a premier destination for foreign investment.
