Dubai’s high ranking in the new ‘FDI Global Cities of the Future 2021/2022’ report confirms emirates’ status as a preferred regional and global investment hub for foreign direct investment (FDI) says H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai.
Dubai has secured third overall ranking globally and second in the ‘Major Cities’ category according to the report published by fDi Intelligence, part of the Financial Times.
“Dubai’s integrated investment environment and readiness make it one of the most sought-after global hubs for investment opportunities. The emirate’s world-beating hard and soft infrastructure place it among international FDI destinations with the highest growth potential,” said Sheikh Hamdan bin Mohammed.
The leadership of Dubai has prioritized strengthening the key drivers of the emirate’s investment environment and converting the challenges in the present world into fresh opportunities in the areas of Impact FDI and sustainable development.
The report further helps Dubai to support more global businesses and startups to accelerate their growth and expansion in regional and global markets by effectively leveraging the emirate’s investment advantages, Sheikh Hamdan bin Mohammed added.
“Dubai’s rankings in the ‘FDI Global Cities of the Future2021/2022’ report reflect the proactive vision of its leadership and its ability to ride the wave of global transformations and navigate challenges effectively. Dubai’s high FDI rankings and its proven future readiness will enhance its attractiveness for investors seeking sustainable opportunities, especially in the food, agriculture health, advanced technology, trade and logistics sectors.”
Fahad Al Gergawi, Chief Executive Officer of the Dubai Investment Development Agency (Dubai FDI), acknowledged the contribution of the leadership to maintain Dubai’s position as one of the world’s top ten FDI destinations across all general and sectoral indicators for the past five years.
Growing global status
Dubai’s prominent position in global investment was confirmed by a comprehensive analysis of the investment environment in the emirate using data collected from the fDi Intelligence division and with the help of online tools like fDi Markets and fDi Benchmark, and the evaluation of Dubai FDI’s application by a distinguished judging panel.
“The capabilities Dubai has demonstrated in defusing the impact of the pandemic both on the healthcare and economic fronts have further deepened international investor confidence. Its exemplary management of the crisis has prepared the ground for robust economic recovery and growth,” said Mr. Al Gergawi.
Dubai’s escalation in the overall rankings of the “FDI Global Cities of the Future2021/2022” from its sixth to third position, next only to Singapore and London, is a powerful symbol of its growing global status.
Mr. Al Gergawi explained that the report classified Dubai outside the framework of large, medium and small cities in the category of ‘Major Cities’, which are distinguished by their advanced and stable investment environment and sustained ability to attract foreign investment capital and projects over the long term.
Dubai ranked second among ‘Major Cities’ as well as in the sub-indicators of economic potential and business-friendly environment. The city was also placed third in the FDI strategy sub-indicator among ‘Major Cities’ and eighth in the overall global rankings.
The emirate’s exceptional achievements in the areas of infrastructure and urban development caught the attention of the ‘FDI Global Cities of the Future2021/2022’ evaluation panel, which specially commended the emirate for its investment in green development.