The authorities of Dubai confirmed the emirate's striving to strengthen its positions as one of the leading global centers for direct foreign investment in cultural and creative industries. This is achieved through a strategic vision, a diverse range of economic sources, and innovative initiatives. Important are Dubai's economic initiatives (D33) aimed at strengthening the emirate's position among the top three economic hubs. Another strategy aims to increase the contribution of the cultural sector to the emirate's GDP by 5% by 2026, which also underlines the importance of the emirate.
Under the conditions of growth in foreign investment in cultural and creative sectors, Dubai continues to attract international financial flows and strengthen its cultural position. In recent years, the emirate has attracted over 971 projects in these areas, resulting in the creation of 23,517 jobs and a capital influx of approximately 18.86 billion dirhams. Dubai has remained among the leading global hubs for three consecutive years, surpassing London and Singapore.
The rates of development in Dubai's cultural and creative sectors demonstrate the effectiveness of a flexible regulatory policy aimed at attracting investment and stimulating innovation. Nevertheless, national data also indicate growth in other areas, such as advertising, IT, programming services, education in the cultural sector, film, media, and electronic games.
Attracting foreign investment in cultural and creative sectors is supported by contemporary technologies, protected intellectual property, and transparent legal frameworks. Among the leading investing countries in Dubai in 2024 were the USA, India, and the UK. New projects of foreign investment have become a driver of economic growth, underscoring the importance of the emirate in the global economy.
