A record number of 418 new investment projects

Hamdan bin Mohammed: Dubai ranks first in the world in attracting foreign direct investment projects

• Dubai enjoys an investment environment that combines all the elements of stability and sustainability.

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His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, said that Dubai ranks first in the world in attracting foreign direct investment projects, and the second in attracting corporate headquarters in 2021, adding: "We continue to consolidate Dubai's global position And strengthening its partnerships with the global investment community through a flexible, diversified and futuristic economy.”

His Highness' statements came on the occasion of the issuance of the annual report of the Dubai Investment Development Corporation, which indicated that the Emirate of Dubai has achieved an important economic achievement, topping the list of attractive cities for new foreign direct investment projects for the year 2021, and revealed the emirate's success in attracting 418 new investment projects.

Dubai in the lead

In detail, the Emirate of Dubai has achieved an important economic achievement, topping the list of attractive cities for new foreign direct investment projects for the year 2021, according to the annual report of the Dubai Investment Development Corporation, one of the institutions of the Department of Economy and Tourism in Dubai, "Foreign direct investment flows to the Emirate of Dubai for the year 2021", issued On the Dubai Investment Monitor, which revealed the emirate's success in attracting 418 new investment projects, placing Dubai in the first place in the world in attracting new foreign direct investment projects, up from third place last year.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, expressed his pride in this unprecedented achievement, stressing that "it and other achievements that Dubai continues to achieve in various fields, especially at the economic level, are the fruits of an integrated work system, founded by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and provided it with the ingredients for success, which enabled Dubai to enjoy an investment environment that combined all elements of stability and sustainability, enhancing its attractiveness as the best destination for global investments looking for opportunities for growth and prosperity.

His Highness said: "Dubai's investment environment is distinguished, stemming from a set of main pillars, foremost of which is the exemplary partnership with the private sector, flexible legislative frameworks, speed in keeping pace with global changes, and keenness to discover, attract and develop the best talents and competencies in various fields, as these elements contributed In consolidating investor confidence in Dubai, whether from within the country or from around the world.

We listen to our partners, take their ideas and suggestions into consideration, and provide them with everything they can to expand their business locally, regionally and globally, in order to achieve together our broad common aspirations for the future.”

His Highness, the Crown Prince of Dubai, praised the role of government departments, free zones and partners from the private sector in achieving this achievement, which supports the achievement of Dubai's strategic goals. Success for large and emerging companies alike, and from all over the world.. We follow global changes and keep pace with them with rapid movement and thoughtful decisions, to always be the partner capable of providing real added value, with a tangible positive impact.”

His Highness said in a tweet on Twitter: "A new achievement is being achieved under the leadership and directives of His Highness Sheikh Mohammed bin Rashid... Dubai ranks first in the world in attracting foreign direct investment projects, and the second in attracting corporate headquarters in 2021."

His Highness added: "We continue to consolidate Dubai's position and strengthen its partnerships with the global investment community, through a flexible, diversified and futuristic economy."

Regional lead

Dubai maintained its regional leadership in first place in the Middle East and North Africa region, in terms of capital flows for new foreign direct investment projects globally, and ranked third globally, up from fourth place in the previous year.

The emirate also maintained its first place regionally, while it continued to rise globally in the classification of reinvestment projects, as Dubai ranked third globally, up from fourth place in the previous year, in terms of the number of projects, and seventh globally, up from eleventh place in the year The former, in terms of capital inflows.

Also, the Emirate of Dubai maintained its first place regionally, while it continued to rise globally in the classification of job creation from foreign direct investment, as it ranked fifth in the world, up from sixth place in the previous year, according to data from the Financial Times (FDI Markets). )”, which monitors data on new foreign direct investment projects globally.

Growth Indicators

The data of the Dubai Investment Monitor, which tracks, investigates and analyzes the flows of all types of foreign direct investment to the Emirate of Dubai, indicates a remarkable growth in all major indicators compared to 2020, where the estimated value of the total capital flows of foreign direct investment projects exceeded 26 billion dirhams in 2021, with a growth rate of 5.5%, compared to 2020, out of a total of 618 projects announced in 2021, according to data from the “Dubai Investment Monitor” for investment projects that include, in addition to new investment projects, both reinvestment projects, merger and acquisition projects and joint ventures. And new types of investment, foreign direct investment from venture capital.

The growth rate of foreign direct investment projects reached 36% in 2021, compared to 2020. The observatory data also indicates a remarkable growth estimated at 36% in the creation of new jobs, thanks to foreign direct investments, as the number of new jobs created was estimated at 24,868 jobs. For 2021, compared to 18,325 jobs for 2020.

Hilal Al-Marri, Director-General of the Department of Economy and Tourism in Dubai, stressed that "the Emirate of Dubai's achievement of the first place in the world in the most important indicators of attracting foreign direct investment, came thanks to the wise leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, and the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and the continuous support of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, which has promoted partnership with the private sector as one of the pillars of sustainable economic development in the emirate.

Al-Marri pointed to the positive growth of all indicators of foreign direct investment in 2021, which reflects the confidence of investors, international companies, emerging companies and global talents in the investment and business environment in the Emirate of Dubai, and the emirate’s success, not only in facing the pressures of global health and economic challenges, but in promoting economic growth. and creating new opportunities in the sectors of the future economy as well.

investment environment

The Director General of the Department of Economy and Tourism in Dubai stressed that "the development of the investment environment in the Emirate of Dubai continues, driven by the emirate's success in hosting the (Expo 2020 Dubai) exhibition, and its positive impact in attracting more foreign investments, as a major driver of recovery and economic growth globally."

future economy

Al-Marri noted that "the year 2021 witnessed the drafting and updating of 50 laws in all fields, which represents the largest legislative change in the history of the UAE, and paves the way for the adoption of new regulatory policies that enhance the pace of Dubai's economy with global developments, and the sustainability of its leading position in the future economy."

He pointed out that "the Emirate of Dubai ranked first regionally in hosting the projects of the main and regional headquarters of international companies in 2021, and continued to excel globally to be in second place after Singapore, surpassing major cities such as London and New York, in terms of the number of projects that reached 43 new headquarters." .

While the emirate ranked third globally, in terms of capital flows of foreign direct investment in headquarters projects, which amounted to 2.8 billion dirhams, according to data (Financial Times FDI Markets).

Dubai is unique in the top

For his part, Executive Director of the Dubai Investment Development Corporation, one of the institutions of the Department of Economy and Tourism in Dubai, Fahad Al Gergawi, stressed that "the prominent position that Dubai has reached regionally and globally in all indicators of attracting foreign direct investment is the fruit of the wise vision of His Highness Sheikh Mohammed bin Rashid. Al Maktoum, and the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, which set a clear goal in the Dubai Plan 2021, to be the emirate (the preferred destination globally for foreign direct investment), and laid strong foundations that proved the efficiency, flexibility, stability and sustainability of Dubai’s economy in the face of global challenges. ».

Al Gergawi explained that Dubai's rise to first place in the world in attracting new foreign direct investment projects for the year 2021 is an unprecedented achievement, as Dubai has for the first time surpassed London and Singapore in the world rankings as the best location for new foreign direct investment projects in the world. Dubai is unique in the summit with more than 50 new investment projects.”

He pointed out that the Emirate of Dubai obtained a record share of the total investment projects globally for the second year in a row, as it attracted 2.1% of those projects last year, exceeding the 2% barrier for the first time, and continued its progress to reach a new record percentage of 2.8% year 2021.

Innovation projects

The foreign direct investment projects in 2021 reflected the diversification of the economy of the Emirate of Dubai, and the development of its investment environment, in line with technological transformations, the aspirations of investors, the ambitions of entrepreneurs and global talents.

Data from the Dubai Investment Monitor show that the proportion of new foreign direct investment projects amounted to 53% of the total number of projects in 2021, while the rest of the projects were distributed by 19% for new forms of investment projects, 12% for foreign direct investment projects from venture capital, and 8 % for reinvestment projects, 6% for merger and acquisition projects, and 2% for joint projects.

United kingdom

The classification of the five most prominent source countries in foreign direct investment flows to the Emirate of Dubai in 2021, according to the data of the “Dubai Investment Monitor,” revealed the growth of investment flows from the United Kingdom, which has led source countries by 27% of the total flows of foreign direct investment capital. It was followed by the United States of America with 18%, France with 13%, Germany with 11%, and India with 6%.

In terms of the number of foreign direct investment projects in 2021, the United States of America maintained its lead in the source countries with 19% of the total projects, with a slight difference from the United Kingdom, which ranked second with 18%, followed by India with 13%, and France by 6%, and Germany by 5%.

Investment Attractive Sectors

The classification of the five most prominent sectors in terms of attracting foreign direct investment to the Emirate of Dubai in 2021, according to the data of the Dubai Investment Monitor, revealed the growth of investment in sectors related to advanced technology and the digital economy.

The housing and food services sector topped the list with 28% of the total foreign direct investment capital inflows, followed by the construction of residential buildings by 15%, electric power generation by 10%, the management of companies and facilities with 6%, and data processing and hosting and related services by 5%.

In terms of the number of foreign direct investment projects in 2021, the software publishing sector topped the ranking of the five most prominent sectors with 10% of the total projects, followed by finance and insurance with 8%, housing and food services by 7%.

International Destinations

Dubai is among the top three future global investment destinations, according to the "Global Cities for Future Foreign Direct Investment 2021-2022" report, issued by FDE Intelligence, a subsidiary of the Financial Times.

The report ranked Dubai second in the world in the categories of "main cities that attract foreign direct investment" and "economic potential and a conducive environment for business".

The sustainable growth of investment flows to the Emirate of Dubai, and its regional leadership and global supremacy in all the main indicators of foreign direct investment flows in 2021, reflect the great confidence that the emirate enjoys in the global investment and business community, as a preferred city for the growth and expansion of global and emerging companies.

Dubai Crown Prince:

• "We continue to consolidate Dubai's global position, through a flexible, diversified and futuristic economy."

• "Work does not stop to enhance the openness and diversification of Dubai's economy, and to create greater opportunities for growth, partnership and innovation."

• "Dubai's investment environment is distinguished, stemming from major pillars such as the exemplary partnership with the private sector."

• Capital flows of foreign direct investment projects exceeded 26 billion dirhams in 2021.

• 24.8 thousand new jobs were created thanks to foreign direct investments, with a growth of 36%.

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