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Dubai retains top spot as global leader in Greenfield FDI

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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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New ‘Shop Local’ initiative helps UAE consumers discover homegrown brands

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‘Shop Local’, a new initiative aimed at helping consumers across the UAE discover and support homegrown businesses, while giving small and medium enterprises (SMEs) greater visibility, has been launched by a local platform Quiqup.

It will bring together UAE-based brands in one place, allowing users to easily browse, discover and purchase from local businesses that often face challenges standing out in crowded digital spaces.

Open to small and local businesses nationwide, ‘Shop Local’ is designed to address one of the most common hurdles SMEs encounter, reaching the right audience. By offering a dedicated channel, the initiative aims to help businesses build awareness, drive sales and support long-term growth.

The launch coincides with the announcement of the establishment of the Dh1 billion National Industrial Resilience Fund to boost localisation within key industries by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

Strengthening local businesses

Fatima Yousif Alnaqbi, Acting Assistant Under-Secretary for the Support Services Sector at the Ministry of Finance and representative at the Mohammed Bin Rashid Innovation Fund, highlighted the importance of enabling high-potential businesses to scale.

She noted that supporting companies at the right stage allows them to contribute more effectively to the economy, particularly in the UAE, where innovation and entrepreneurship play a key role in driving growth and creating new opportunities.

Bassel El Koussa, CEO of Quiqup, said the initiative reflects the company’s belief in strengthening connections between businesses and communities.

He added that ‘Shop Local’ is intended to create opportunities for local brands to grow, deepen customer engagement and build a stronger market presence, while encouraging consumers to play a more active role in supporting the local economy.

The platform has already received 190 brand submissions, with Quiqup aiming to onboard at least 250 businesses in the coming weeks.

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New UAE initiative targets 5,000 locally made essential goods

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The UAE has announced a new Dh1 billion National Industrial Resilience Fund as part of a broader push to strengthen local manufacturing and reduce reliance on imports.

The initiative, revealed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, aims to boost domestic production across key sectors, enhance supply chain resilience, and accelerate the adoption of artificial intelligence in industrial operations.

The move forms part of a wider strategy to reinforce the country’s industrial base while supporting long-term economic diversification.

Everyday consumer staples

A central goal of the plan is to localise the production of more than 5,000 essential goods. The first phase will focus on everyday consumer staples that can be scaled locally, including bottled water, dairy products, eggs, poultry, bread, flour, vegetable oils, and seasonal produce.

Authorities say implementation will involve close coordination between government entities, private sector partners, retailers, and digital platforms. Dedicated retail space will also be allocated to UAE-made products to improve visibility and consumer access.

Encouraging investment

In parallel, the government has approved an expansion of the National In-Country Value Programme, making it mandatory across federal entities and national companies. The policy is designed to increase demand for locally produced goods and services, while encouraging businesses to invest within the country.

Retailers and e-commerce platforms will also be encouraged to prioritise Emirati products, further supporting domestic manufacturers.

The UAE continues to position itself as a global hub for industry and innovation, with a growing focus on advanced manufacturing, food security, and technology-driven production.


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UAE’s Etihad Rail transports Nissan cars for the first time

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The UAE has marked a significant milestone in its logistics sector, with Etihad Rail successfully transporting its first consignment of Nissan vehicles by rail from Fujairah to Abu Dhabi.

The shipment, carried from the ports of Fujairah to the dry port at the Industrial City of Abu Dhabi (ICAD), represents the first time cars have been transported via the country’s national rail network. The move was carried out in collaboration with Al Masaood Automobiles and Etihad Rail Freight.

Industry leaders say the development signals a major step forward in diversifying rail cargo beyond traditional bulk commodities, expanding into high-value shipments such as finished vehicles. It also highlights the growing role of rail in integrated, end-to-end supply chains across the UAE.

Omar Alsebeyi, CEO of Etihad Rail Freight, described the milestone as a clear demonstration of the network’s capabilities. For the automotive sector, the collaboration marks a first-of-its-kind partnership.

Beyond efficiency gains, the shift to rail freight also supports sustainability goals. Rail transport produces significantly lower emissions compared to road freight, aligning with the UAE’s broader environmental ambitions, including the Net Zero by 2050 Strategic Initiative.

Officials say the milestone reflects the strength of the UAE’s integrated infrastructure ecosystem, where strategic investments and private sector collaboration are driving innovation in logistics and supporting long-term economic growth.

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