DUBAI 12 February 2021: Dubai has been placed third overall globally and second in the ‘Major Cities’ category according to ‘FDI Global Cities of the Future 2021/2022’ report published yesterday by fDi Intelligence, part of the Financial Times.
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’ and second overall in the sub-indicators of economic potential and business-friendly environment after Singapore. The city also ranked third in the connectivity sub-indicator after Singapore and Hong Kong.
Dubai was also placed third in the FDI strategy sub-indicator among ‘Major Cities’ after Berlin and Hong Kong, 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, said a statement released by Wam.
“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,” H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of the Executive Council of Dubai.
Investor Confidence
Strengthening the strategic drivers of Dubai’s investment environment and transforming challenges arising in the current environment into fresh opportunities in the areas of Impact FDI and sustainable development are top priorities for the leadership. The findings of the report encourage Dubai to help more global businesses and startups maximise their growth and expansion in regional and global markets by effectively leveraging the emirate’s investment advantages, said Sheikh Hamdan.
Backed by its world class infrastructure, legislative framework and ease of doing business, Dubai’s economy has become a global model for resilience, diversity, crisis preparedness and readiness for change. “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, said Sami Al Qamzi, Director General, Dubai Economy.
Fahad Al Gergawi, Chief Executive Officer of the Dubai Investment Development Agency (Dubai FDI), stated that Dubai has maintained its position as one of the world’s top ten FDI destinations across all general and sector indicators over the past five years, thanks to the guidance of Dubai’s leadership. Al Gergawi said the latest rankings highlight the confidence Dubai enjoys in the investor community.
