Dubai recorded exceptional inflows of foreign direct investment (FDI) in 2020 with 455 projects worth AED24.7 billion, according to data from the Dubai FDI Monitor released by the Dubai Investment Development Agency (Dubai FDI), an agency of Dubai Economy.
An estimated 18,325 new jobs creation by inbound FDI in 2020, according to the Dubai FDI Monitor, which uses the Organization for Economic Cooperation and Development’s (OECD) methodology to track FDI data.
The 455 FDI projects implemented in Dubai in 2020 exceed the annual average of 441 over the past five years, reaffirming Dubai’s strong FDI location fundamentals as well as its economic resilience, sectoral diversity, and FDI future-readiness.
Dubai continued to lead regional and global FDI locations in facilitating global business growth and expansion, ranking first in the MENA region and third globally in attracting greenfield FDI projects, according to fDi Markets. Dubai also achieved a record global market share in greenfield FDI projects, attracting 2.1% of all such projects in 2020, exceeding the 2% mark for the first time.
