Monday 12 April 2021

#Dubai places first in Middle East on foreign direct investment with Dh24.7b in 2020 | Markets – Gulf News

Dubai places first in Middle East on foreign direct investment with Dh24.7b in 2020 | Markets – Gulf News

Dubai ranked first in attracting foreign direct investments in the Middle East and North Africa for 2020, and third globally on greenfield FDI projects and fourth in FDI capital flows.

FDI inflows into Dubai in 2020 amounted to Dh24.7 billion, according to Dubai FDI Monitor data released by Dubai Investment Development Agency (Dubai FDI). This led to 18,325 new jobs being created through inbound FDI, with 455 projects being greenlighted and exceeding the annual average of past five years.

On greenfield projects, Dubai's share was 2.1 per cent of all such projects in 2020, exceeding the 2 per cent mark for the first time.

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