UAE: Dubai ranked No.1 globally for attracting greenfield acting FDI project for third successive years

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The UAE's city of Dubai has been ranked number one globally for attracting foreign direct investment FDI projects for the third consecutive year. According to the FDI Market Report published by EY, Dubai secured 127 greenfield FDI projects in 2022. Greenfield FDI projects refer to investments made to build new facilities and operations from the ground up. This is a testament to Dubai's pro-business environment, world-class infrastructure, and strategic location which makes it an attractive investment destination.


Some key sectors that attracted the most FDI projects to Dubai included business services, transportation and logistics, construction and real estate. Major global companies chose to set up or expand their operations in Dubai across these sectors. Dubai has been investing heavily in its transportation and logistics capabilities including building mega airports, ports and developing smart infrastructure. It aims to position itself as a leading global hub for business, trade and tourism. The efforts made towards developing a vibrant business ecosystem is paying off for Dubai as it continues to top FDI rankings.  


The consistent top ranking over the past three years highlights Dubai's resilience and ability to stay competitive amidst global economic challenges and uncertainty. Despite the Covid-19 pandemic, geopolitical tensions and rising inflation, Dubai managed to attract significant FDI. This displays confidence of international investors in Dubai's long term growth prospects. For Dubai to retain its pole position, it will need to sustain reforms, develop new sectors and talent to address evolving priorities of global businesses.

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