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Dubai ranks top for cultural and creative projects, says FDI data

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Dubai has achieved top global ranking in attracting Foreign Direct Investment (FDI) projects in the cultural and creative industries in 2022.

The emirate attracted a record-breaking 451 projects, which represents an increase of 107.7 per cent, and surpasses the likes of London, Singapore, Paris and Berlin.

That’s according to the Department of Economy and Tourism’s (DET) Dubai FDI Monitor report based on data from the Financial Times’ ‘fDi Markets,’ a leading source on Greenfield FDI projects.

Dubai’s total FDI capital flows in the cultural and creative industries surged to AED 7.35 billion in 2022, ranking the city 1st in the MENA region and 12th globally (up from 14th in 2021).

This FDI generated an estimated 12,368 jobs, positioning Dubai 1st in the MENA region and 6th globally (maintaining the same level as 2021) in job creation in FDI.

Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority and Member of the Dubai Council, said the latest ranking reflects the emirate’s unique approach and reflects the strength and maturity of its infrastructure and its legal, legislative, creative and digital environment.

The United States, India, the United Kingdom, France and Switzerland emerged as the leading foreign direct investors in Dubai’s cultural and creative industries in terms of FDI projects.

According to the data, Greenfield (wholly-owned) FDI projects accounted for 76 per cent of the total, followed by New Forms of Investments (NFIs), which accounted for 13 per cent, Mergers and Acquisitions and Reinvestment projects making up 5 per cent each, and Greenfield (joint-ventures) at 1 per cent.

Automobile

Relief for UAE motorists as fuel prices drop in May

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Motorists across the UAE can expect some relief at the pump this month, as the UAE Fuel Price Committee has announced lower fuel prices for May 2025. The revised rates, which come into effect from May 1, show a noticeable drop across all fuel types compared to April.

Fuel Prices for May 2025 (price per litre):

  • Super 98 petrol: Dh2.57
  • Special 95 petrol: Dh2.46
  • E-Plus 91 petrol: Dh2.38
  • Diesel: Dh2.63

These rates reflect a 16 fils reduction per litre across the board, bringing some financial relief to daily commuters and businesses reliant on transport.

The monthly fuel price updates in the UAE are linked to global oil market movements. This latest decrease aligns with a recent drop in international crude oil prices and is aimed at keeping domestic fuel costs stable.

The updated prices include the 5% VAT and are applicable at all fuel stations across the UAE. The next fuel price update is expected at the end of May.

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BEYOND Expo 2025 marks 5th anniversary with launch of global expansion platform for Asian tech companies

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As it celebrates its fifth anniversary, BEYOND Expo 2025 has announced a major initiative aimed at increasing the international growth of Asian tech companies. The newly launched BEYOND BGlobal Network is designed to help Asian companies expand internationally by offering year-round support, global market insights, and access to strategic networks.

With many Asian businesses looking beyond domestic markets for long-term growth, the BGlobal Network aims to address the specific challenges of international expansion, such as localisation, cross-border operations, and global brand positioning.

“Globalisation is more than just entering new markets, it’s about creating meaningful, sustainable connections,” said Jason Ho, co-founder of BEYOND Expo. 

“The BGlobal Network connects Asian companies with key local players, resources, and expertise to help them thrive on the world stage.”

A Milestone Launch at BEYOND Expo 2025

The BEYOND BGlobal Network will officially launch during the closing ceremony of BEYOND Expo 2025 on May 24 at the Venetian Macao Cotai Expo. The ceremony will also feature a special edition of Fund at First Pitch, where selected startups will present their global ambitions to a panel of celebrity athletes and investors.

“As we celebrate five years of BEYOND, the BGlobal Network represents a bold next step in empowering regional innovation,” said Dr. Gang Lu, co-founder of BEYOND Expo. 

“This initiative is designed to help high-potential companies navigate their global journeys with confidence.”

Connecting Asian Talent to the World

The BGlobal Network provides member companies with access to a wide network of decision-makers across industries, ranging from global retailers and e-commerce platforms to venture capital firms, financial institutions, and localisation experts. It also opens opportunities for collaboration with global influencers and strategic partners, helping companies boost visibility and build brand equity overseas.

Throughout BEYOND Expo 2025, the initiative will be spotlighted through dedicated sessions such as the BGlobal Summit, the Global Investment Summit, and the BEYOND Wealth Summit. Sector-specific programming will explore topics including AI, HealthTech, FinTech, Robotics, Mobility, ClimateTech, and SportsTech.

Five Years of Cross-Border Impact

Since its launch in 2021, BEYOND Expo has become a leading platform for connecting innovation hubs across Asia with global markets. The 2025 edition is expected to attract over 30,000 attendees from more than 120 countries, with participation from startups, multinational corporations, investors, and media.

“The BGlobal Network reflects our commitment to helping Asia’s most ambitious companies turn possibility into impact,” said Jason Ho.

Looking Ahead

More than just a tech showcase, BEYOND Expo 2025 aims to serve as a launchpad for global success. With the introduction of the BGlobal Network and a strong focus on international collaboration, this year’s event sets the stage for a new era of cross-border innovation.

To learn more about the BEYOND BGlobal Network or register for BEYOND Expo 2025, visit www.beyondexpo.com.

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BEYOND Expo 2025 to ‘unveil possibilities’ as Asia’s premier tech summit 

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BEYOND Expo 2025 is set to return to The Venetian Macao from May 21 to 24 with a forward-looking theme — ‘Unveiling Possibilities’. This premier technology and innovation event will spotlight how uncertainty can spark opportunity, bringing together global leaders in tech, business, and finance to explore innovative ideas that are shaping the future.

With over 1,200 expected exhibitors, 30,000 attendees, and 300 international speakers, BEYOND Expo 2025 will offer a platform for global collaboration across sectors including technology, healthcare, sustainability, and investment.

“BEYOND Expo is more than just an exhibition, it’s a dynamic ecosystem where global innovators converge to shape the future,” said the organisers. 

“This year, we’re focused on translating uncertainty into action and potential.”

This Year’s Highlights:

  • Three Dedicated Exhibition Zones:
    ConsumerTech, ClimateTech, and Healthcare will anchor the expo, featuring breakthrough products and solutions from leading global companies and startups.
  • High-Level Summits:
    The ConsumerTech Summit, ClimateTech Summit, Healthcare Summit, and Global Investment Summit will host discussions on industry transformation, AI, sustainability, and future funding.
  • Cross-Regional Forums:
    Spotlighting emerging innovation ecosystems, sessions like the Asia-Latam Tech Forum, Asia-Euro Tech Forum, and Middle East Tech Forum will foster global exchange.
  • Thematic Sessions:
    The BEYOND Wealth Summit, SheTech Summit, and Founder Forum will explore family offices, female-led innovation, and entrepreneurial journeys in Asia and beyond.
  • Fund At First Pitch:
    A platform connecting promising startups with global investors. In 2024, the initiative attracted over 150 startups and 100 investment institutions, resulting in 50+ successful matches.
  • BEYOND Awards:
    Recognising excellence across four categories, ConsumerTech, ClimateTech, Healthcare, and Impact, the awards will spotlight companies and technologies shaping the future.
  • Lifestyle and Networking Events:
    The “TFC” (The Fun Continues) series will return with curated cultural, social, and sports activities, including a gala dinner, yoga sessions, and charity tournaments.

Since launching in 2021, BEYOND Expo has emerged as a premier platform for business, tech, and policy leaders across the Asia-Pacific and beyond. In 2024, 40 per cent of exhibitors were international, with more than 200 global media outlets in attendance.

“BEYOND Expo 2025 aims to connect visionaries from around the world to unlock the next wave of innovation,” said event co-founder Dr. Gang Lu. 

“We invite everyone, from Fortune 500s to startups, to take part in this journey.”

Early bird registrations and booth reservations are now open. Visit www.beyondexpo.com or email BD@beyondexpo.com for more details.

Opening/Closing Ceremonies and Industry Summits: 

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