Dubai continues to maintain its global position as a leader in attracting new foreign investments for the fourth consecutive year, according to data from Financial Times Ltd. By Markets on foreign investments. In 2024, the emirate attracted investments valued at 52.3 billion dirhams (14.24 billion US dollars) in foreign direct investments, which constitutes an increase of 33.2 percent compared to 2023 and is the highest figure recorded in the emirate for one year since 2020.
In this regard, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, stated that Dubai continues to achieve new milestones, strengthening its position as a global business capital and an attractive destination for new direct foreign investments, confirming the potential for the emirate to be a leading player in the global economy, attracting investors, multinational corporations, and global talents.
Regarding the volume of announced foreign direct investment projects in Dubai, five major countries-suppliers accounted for almost 55%, with the United Kingdom (17%) in first place, followed by India (15%), the USA (14%), France (4.5%), and Italy (4%).
In 2024, the main sectors made up 53% of the total volume of foreign direct investment projects announced in Dubai, while leaders in FDI projects composed 68% of the total number of announced FDI projects. The influx of new capital also reinforces the trust of investors, multinational corporations, and global talents in our sustainable ecosystem, strengthened by cooperation between the public and private sectors and transformational goals of Dubai’s Economic Plan, D33.
Dubai maintained its ranking as No.1 in attracting foreign direct investment projects for the fourth consecutive year, demonstrating its ability to establish not only new global standards for sustainable, rapid growth but also continue developing its investment offerings in response to changes affecting the global market.
Dubai has also achieved historical milestones in attracting foreign direct investment with 1,826 announced FDI projects, which is 11% more than the 1,650 projects in 2023, according to data from the Dubai FDI Monitor. In 2024, the emirate climbed from fourth to third place in the world for job creation through incoming FDI projects, securing the first position in the region of the Middle East and Africa. India became the leading supplier country with the largest overall volume of foreign direct investments in Dubai, accounting for 21.5%, followed by the USA (13.7%), France (11%), the United Kingdom (10%), and Switzerland (6.9%).
In Dubai, the influx of talent has arisen in key sectors, such as business services, software services and IT, real estate, transport and logistics, financial services, industrial equipment, consumer goods, and communications. Dubai remains attractive for global investments, entrepreneurship, and talents, offering stability, world-class infrastructure, and a dynamic economic environment. Our focus on innovation, support for startups, and digital infrastructure ensures that Dubai remains an attractive destination for those seeking growth, opportunity, and success in the global economy.
