Business
Dubai retains top spot as global leader in Greenfield FDI
Published
2 years agoon
Dubai has once again cemented its status as the world’s No.1 destination for Greenfield Foreign Direct Investment (FDI) projects, maintaining its leading position for the fourth consecutive year, according to the latest data from Financial Times Ltd.’s ‘fDi Markets.’
In 2024, Dubai attracted an estimated Dh52.3 billion ($14.24 billion) in FDI capital, marking a 33.2% increase from Dh39.26 billion ($10.69 billion) in 2023. This represents the highest FDI value recorded for the emirate since 2020, underscoring its appeal as a prime global investment hub.
The emirate also achieved a new milestone by recording 1,117 Greenfield FDI projects in 2024, the highest in its history. In total, Dubai announced 1,826 FDI projects, an 11% increase from 2023, reinforcing its ability to attract international investment. The influx of FDI generated 58,680 new jobs in 2024, reflecting a 31% increase from the previous year and further demonstrating Dubai’s role as a major employment driver.
Strategic Vision and Investment Leadership
Dubai’s consistent FDI growth is the result of strategic economic planning, spearheaded by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and supported by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai.
The city’s investment policies align with the Dubai Economic Agenda D33, which aims to double the size of the emirate’s economy by 2033 and position it among the world’s top three urban economies.
Sheikh Hamdan stated, “Dubai’s ability to sustain its No.1 global ranking in Greenfield FDI attraction is a testament to its strategic vision and investor-centric approach. Despite global economic challenges, Dubai continues to offer a stable, forward-looking business environment that fosters long-term growth and innovation.”
What is Greenfield investment?
Greenfield investment (GI) refers to a type of foreign direct investment (FDI) where a company establishes operations in a foreign country. The company constructs new (green) facilities (sales office, manufacturing facility, etc.) cross-border from the ground up.
A Global Investment Magnet
Dubai’s ability to attract international capital is driven by its world-class infrastructure, investor-friendly regulations, and strategic geographic position. In 2024, the city ranked third globally in terms of job creation through inward FDI, up from fourth in 2023, while maintaining its top ranking in the Middle East and Africa (MEA). Key sectors contributing to this growth include business services, software and IT, real estate, financial services, and industrial equipment.
For the third consecutive year, Dubai was ranked No.1 globally in attracting Headquarter (HQ) FDI projects, securing 50 major HQ investments in 2024 alone. The city also saw a rise in investments across advanced sectors such as artificial intelligence (AI), cybersecurity, and e-commerce, further strengthening its position as a global technology and innovation hub.
Investment Confidence and Market Leadership
Helal Saeed Almarri, Director General of the Dubai Department of Economy and Tourism (DET), highlighted the emirate’s resilience in attracting capital. “Dubai’s ability to continuously draw foreign investment amid evolving global economic conditions is a reflection of its strong governance, strategic planning, and robust business ecosystem.”
According to ‘fDi Markets’ data, Dubai led in Greenfield FDI projects across multiple industries, including financial services, real estate, and technology. The emirate’s share of global FDI projects in Advanced Information Technologies (AIT) increased from 7.3% in 2023 to 8% in 2024, reinforcing its leadership in the digital economy.
Key Investment Sources and Sectors
Dubai’s top five FDI source countries accounted for 63% of total investment inflows in 2024, with India leading at 21.5%, followed by the US (13.7%), France (11%), the UK (10%), and Switzerland (6.9%).
The top sectors attracting FDI capital included hotels & tourism (14%), real estate (14%), software & IT services (9.2%), building materials (9%), and financial services (6.8%). Meanwhile, the most active sectors in terms of FDI projects were business services (19.2%), food & beverages (16.5%), and software & IT services (14.3%).
Future Outlook: Sustaining Growth Amid Global Shifts
Dubai’s outlook for FDI in 2025 remains positive despite global economic uncertainties. The emirate is expected to maintain its strong investment momentum, particularly in high-tech and innovation-driven sectors. With an investor-friendly regulatory environment and a focus on long-term economic stability, Dubai continues to attract major private equity and sovereign investors.
As the city advances toward its ambitious economic goals, Dubai remains a global benchmark for investment excellence, economic resilience, and business-friendly policies. Its ability to consistently deliver on its strategic vision ensures that it remains a top destination for international investment, trade, and innovation in the years ahead.
(Source: Wam)
With over 35 years of experience in journalism, copywriting, and PR, Michael Gomes is a seasoned media professional deeply rooted in the UAE’s print and digital landscape.
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Announcements
Odisha Wraps Up Three-Day UAE Investment Drive with Dh93.45B Proposals and 6,18,725 Employment Potential
Published
2 hours agoon
September 13, 2026
Odisha has concluded a high-impact three-day investment outreach in the United Arab Emirates with proposed investments of ₹ 243162 crore and employment potential of 618725, as the State intensified its global pitch for capital, technology, manufacturing partnerships and access to international markets.
Led by Hon’ble Chief Minister Shri Mohan Charan Majhi, the three-day programme across Abu Dhabi and Dubai resulted in 24 Memoranda of Understanding (MoUs) and Investment Intents (IIFs), following 52 On One investor meetings and Round Table engagements. The outreach brought together UAE-based investors, global business leaders, sovereign and institutional stakeholders, Indian diplomatic representatives and members of the Odia diaspora.
Dubai Roadshow: Odisha Pitches Its Next Growth Story
The concluding day centered on the Odisha Investors’ Meet – UAE 2026 in Dubai, attended by around 400 business leaders, investors and members of the UAE business community. The event provided a direct platform for Odisha to present its investment proposition and for global businesses to explore opportunities to establish or expand their presence in the State.
The day’s investment engagements covered Travel and Tourism, Logistics, Financial Investment, LNG storage, green energy, artificial intelligence and data centers, rare earths, ship repair, propellant manufacturing, fertilizers and chemicals, housing, steel and steel downstream industries and other emerging opportunities. Apart from Traditional Mines and mineral sectors, Processed food will be the biggest opportunity ,
CAZBAA Project Ventures FZCO signed an MoU for LNG storage. Rana Holdings Limited signed an MoU covering green energy, AI data centres and rare earths. Sharaf Group entered into an MoU in housing, while PTCL Infrastructure signed an MoU for steel and steel downstream industries.
Investment Intents were received from Dalwin Marine and Turbo Power Engineering for ship repair, Ion Technologies Pvt. Ltd. for a propellant manufacturing plant, and Agrifields FZCO for fertilisers and chemicals.
Alongside the roadshow, the Chief Minister held one-to-one meetings with leading UAE-based business leaders and investors, focusing on project opportunities, manufacturing footprints, value addition, technology partnerships and long-term investment in Odisha.
Following the Investors’ Meet, the Chief Minister also interacted with the Odia diaspora in Dubai, where more than 800 Odias extended a grand welcome to him. The gathering showcased Odisha’s rich cultural heritage through classical Odissi and traditional folk dances. Appreciating the vibrant cultural connect maintained by the Odia community in Dubai, the Chief Minister highlighted the diaspora’s important role in strengthening Odisha’s global identity and preserving its cultural heritage.
Three Days of High-Level Investment Engagement
The UAE outreach began in Abu Dhabi with high-level engagements with government, sovereign, institutional and business stakeholders. A major highlight was the strategic engagement involving International Holding Company (IHC) and Adani Group, covering opportunities across critical minerals and rare earths, metals and metallurgy, chemicals and petrochemicals, renewable energy equipment, healthcare, industrial infrastructure, tourism, skill development and other strategic sectors.
The first day also featured engagement with the Indian Business and Professional Group (IBPG), institutional discussions on investment and infrastructure opportunities, and a focused interaction with Borouge on the potential development of a petrochemical downstream ecosystem in Odisha.
The second day expanded the outreach across IT and ESDM, agro and food processing, steel and downstream manufacturing, logistics, skilling, rare earths, circular economy, chemicals and aluminium. MoUs and Investment Intents from a diverse group of companies broadened the pipeline of potential projects and partnerships.
The Chief Minister also held high-level discussions with UAE leadership and industry representatives and visited Emirates Global Aluminium, providing an opportunity to examine advanced aluminium manufacturing, technology and value-addition practices relevant to Odisha’s downstream industrial ecosystem.
From Investment to Execution
Chief Minister Shri Mohan Charan Majhi said Odisha is ready to move into a new phase of industrial growth built around value addition, technology, global partnerships and efficient project execution. He highlighted the State’s natural resources, competitive energy availability, strategic ports, industrial infrastructure, skilled workforce and established industrial ecosystem as key advantages for investors.
The Chief Minister emphasized that Odisha’s engagement with the UAE is intended to go beyond individual investments and build durable partnerships in manufacturing, trade, technology, exports, innovation, skills and entrepreneurship. He invited UAE businesses to make Odisha a preferred destination for their next phase of growth in India.
Industries Minister Shri Sampad Chandra Swain reiterated the Government’s commitment to ‘Speed, Certainty and Execution’, assuring investors of proactive facilitation and institutional support across the project lifecycle from investment intent and approvals to implementation and expansion.
A Strong Odisha–UAE Business and Community Connect
The three-day outreach brought together senior government officials, Indian diplomatic representatives and prominent business leaders, creating a platform for direct and sustained engagement between Odisha and the UAE business community.
Chief Secretary Smt. Anu Garg, ACS Industries, Home & I&PR Shri Hemant Sharma, Ambassador of India to the UAE Dr. Deepak Mittal, Consul General of India in Dubai Dr. E. Bishnu Vardhan Reddy, senior Government of Odisha officials and IPICOL representatives participated in the engagements.
The Dubai programme also included an interaction between the Chief Minister and the Odia diaspora. The gathering strengthened the cultural, social and economic connect with Odias living in the UAE and encouraged the diaspora to contribute to Odisha’s investment, entrepreneurship, trade and development journey.
Odisha’s One District One Product (ODOP) offerings were also showcased, adding a distinctive cultural and enterprise dimension to the diaspora engagement. Participants experienced the State’s diverse local products and the entrepreneurial potential emerging from its districts
Announcements
A glittering evening as DP World ILT20 Season 5 is launched featuring legends Brett Lee and Shoaib Akhtar
Published
3 days agoon
September 10, 2026
DP World International League Season 5 was officially launched at a dazzling event held in Dubai last evening. Cricketing icons Brett Lee and Shoaib Akhtar were among the star attractions at the event.
During the event, Chairman ILT20 Khalid Al Zarooni and ILT20 League Commissioner/ICC Director Associates/General Secretary ECB Mubashshir Usmani spoke in depth about the DP World ILT20’s massive rise in recent years, especially the tournament’s contribution to the growth and expansion of cricket in the Gulf region. Addressing the gathering, DP World ILT20 Chairman Khalid Al Zarooni said: “What began as a dream has grown into one of the world’s leading cricket leagues, bringing together top players and major franchises, while helping grow cricket in the UAE, the region and beyond.
“I would like to thank our stakeholders, franchise owners, commercial and strategic partners for their continued support, with a special acknowledgement to DP World and Zee Network, as well as our strategic cricket partners Kuwait Cricket, the Saudi Arabia Cricket Federation, the Afghanistan Cricket Board and Cricket Ireland. We are also delighted to welcome SPORTFIVE as a new commercial partner and look forward to another successful season.”
During the event, a special panel discussion hosted by former New Zealand international Simon Doull brought together senior representatives from cricket, sport, business and government to discuss the evolving landscape and future of the game both in the region and globally.
The panel featured Mubashshir Usmani, ILT20 League Commissioner, ICC Board Director and ECB General Secretary; Dr. Mohamed Abu Hamra, COO – Digital Technology, DP World GCC; Mr. Eisa Sharif, Director Sports Events, Dubai Sports Council; Mr. Mukund Galgali, Deputy CEO & CFO, ZEE Entertainment Enterprises; Mr. Venu Nair, President – Middle East & South Asia, SportFive; and Mr. Tushar Malhotra, Global Director Sales & Marketing, Bisleri.
Doull also hosted a panel discussion with Lee and Shoaib during the glittering launch event. The fast bowling legends spoke about the growing impact of the DP World ILT20 on UAE and regional cricket. The duo also reminisced about their playing days and shared memories in an era where they dominated the game through their blistering pace bowling.
The evening also featured a spell-binding performance by celebrity mentalist Karan Singh Magic. The league also revealed the new brand identity for Season 5.
Season 5 of the DP World ILT20 will be played in November-December this year at the UAE’s three iconic cricket venues – Zayed Cricket Stadium, Abu Dhabi, Dubai International Stadium and Sharjah Cricket Stadium. Desert Vipers will begin the tournament as defending champions. Past winners include Gulf Giants – Season 1, MI Emirates – Season 2 and Dubai Capitals – Season 3.
Announcements
CHAMPIONS UAE BULLS BECOME FIRST FOUNDING FRANCHISE FOR NEW ERA OF ABU DHABI T10
Published
3 days agoon
September 10, 2026
Defending champions UAE Bulls have become the first founding franchise confirmed for the next era of the Abu Dhabi T10, reinforcing the team’s long-standing commitment to cricket’s fastest format.
The announcement is the first of several franchise confirmations to come as Abu Dhabi T10 prepares for its 2026 edition, which will run from November 7 – 20 at the iconic Zayed Cricket Stadium in the UAE capital.
The UAE Bulls, who have been part of the T10 journey since the competition’s inception in 2017, have been confirmed as a founding franchise following the Deloitte Invitation to Bid process and will compete under the tournament’s new 10-year licence model. And the defending champions are already building towards their title defence, guided by internationally renowned Head Coach Andy Flower, with T20 great Dwayne Bravo continuing his involvement as bowling coach and mentor.
The confirmation comes as Abu Dhabi T10 enters a significant new chapter under the ownership and management of Abu Dhabi Cricket & Sports Hub (ADCSH), supported by the Abu Dhabi Sports Council (ADSC) and under the patronage of His Excellency Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Tolerance and Coexistence and Chairman of the Emirates Cricket Board.
The new structure is providing the tournament with stronger governance, long-term stability, and a platform for sustainable growth, while building on the pace, entertainment and global appeal that are now synonymous with T10 cricket.
For the UAE Bulls, the announcement also strengthens a relationship with the competition stretching back to its formative years when the team originally competed as the Delhi Bulls. Having rebranded, the UAE Bulls reached the final in 2024 before going one better in 2025, producing a dominant performance in the final to secure its first Abu Dhabi T10 title.
UAE Bulls Owner Neelesh Bhatnagar said the decision to commit to the competition’s next chapter reflected both its belief in the T10 product and confidence in the tournament’s future under its new stewardship.
“We have believed in T10 cricket and its potential from the beginning, so we are extremely proud that the UAE Bulls will be the first founding franchise confirmed for this exciting new chapter,” said Bhatnagar.
“The new institutional backing and long-term structure provide a solid foundation from which Abu Dhabi T10 can continue to grow in value, stature, and international appeal. Winning the title in 2025 was an incredibly special moment for everyone associated with the UAE Bulls, but we now see that achievement as the beginning of another journey. We are excited about what lies ahead and determined to play our part in the competition’s continued success.”
UAE Bulls Head Coach Andy Flower said his connection with Abu Dhabi T10 and the UAE Bulls had continued to strengthen over the years. “I’ve thoroughly enjoyed every visit to Abu Dhabi for the ADT10 over the years, and my connection with the Bulls has grown stronger throughout that time, particularly with the support and commitment Neelesh has shown towards the team,” said Flower.
“We have some very special memories from last season, and we’re excited to return as defending champions and be part of the relaunched Abu Dhabi T10.”
Matt Boucher, CEO of Abu Dhabi Cricket & Sports Hub and Abu Dhabi T10, welcomed confirmation of the UAE Bulls’ participation under the new structure, describing their long-standing association with the competition as an important asset as Abu Dhabi T10 moves forward.
“The UAE Bulls understand both the qualities that make T10 such a compelling format and the opportunity that exists to take the competition to another level,” said Boucher. “As we enter the tournament’s next innings, we value partners who share our ambition to build sustainably for the long term. The UAE Bulls have demonstrated that commitment over many years, and their confirmation as our first founding franchise is a fitting way to begin this next chapter.
“Our positioning of ‘Same Energy. New Ethos.’ captures exactly what we are seeking to achieve. We want to retain the excitement, intensity, and entertainment that audiences associate with Abu Dhabi T10 while introducing a structure and approach capable of supporting its ambitions for the decade ahead.”
Odisha Wraps Up Three-Day UAE Investment Drive with Dh93.45B Proposals and 6,18,725 Employment Potential
Dubai drivers warned of delays due to Oud Metha Road bridge diversion this weekend
