A tireless flight of Indian entrepreneurs, advisors and businesses for Dubai is now affecting the ground due to a favorable tax governance and business -friendly environment.
According to recent findings, India has emerged as a major source country for foreign direct investment (FDI) in Dubai as Desert City has retailed in 2024 as a global FDI destination.
According to Financial Times Limited, ‘FDI Markets’ data Dubai has been ranked for the fourth serial year for Greenfield Foreign Destance for Greenfield Foreign Direct Investment (FDI) projects.
For the year 2024, India has surpassed the USA, France and the UK so that the top sources in Dubai for FDI can become countries.
India’s contribution to FDI inflow had 21.5%stake, followed by the United States (13.7%), France (11%), United Kingdom (10%), and Switzerland (6.9%) according to the economy and Dubai FDI monitor of the economy and tourism.
According to Monitor Dubai in 2024, the estimated FDI attracted AED52.3 billion ($ 14.24 billion) in capital, marked the highest FDI value recorded in a year from AED39.26 billion ($ 10.69 billion) to 33.2% in 2023.
During the year, Dubai attracted 1,117 Greenfield FDI projects the most in its history. Dubai also achieved a historic milestone in FDI attraction with FDI projects declared 1,826, an increase of 11% from 1,650 projects in 2023, according to monitor.
A total of 58,680 estimated jobs were generated through FDI in 2024, increasing 31% from 44,745 jobs in 2023.
Dubai’s further visible strategies have converted Emirates into a global center for FDI, the city’s attractive business environment, favorable rules, infrastructure and strategic location. It is a favorite destination for investors.
According to data from FDI markets of Financial Times LTD, in 2024, to attract the Greenfield FDI capital to the city, to attract Greenfield FDI Capital, Greenfield was in fourth place to attract FDI Capital, while the top spot in the Middle East and Africa (MEA) was also claimed.
Dubai experiences an increase in talent attraction in major fields such as business services, software IT services, real estate, transport/warehousing, financial services, industrial equipment, consumer products and communication.
The Dubai government said in a statement, “It highlights the city’s dynamic business atmosphere, strategic economic policies and ability to attract skilled professionals, strengthens its position as a top destination for investment and innovation.”
“For the third consecutive year, Dubai was ranked globally in the attraction of Headquarters (Headquarters) FDI projects with 50 projects in 2024. Regional, Dubai Greenfield FDI projects, capital and Jobs in MEA were number 1.”
With a 6.2% global market share and 55% stake of total greenfield FDI projects of Middle East, Dubai has continued to set benchmark for investment excellence and economic mobility.
Hall Saeed Almari, Director General of Dubai Department of Economy and Tourism (DET), said in a statement, “We have the ability to constantly attract capital amid shifting global dynamics, which is a visionary leadership and strategic sequence for his His Majesty Mohammed bin Rashid Al Macatoum, Vice President and Prime Minister, and a future prepared investment ecosystem for the Prime Minister.”
“The influx of new capital also underlines the belief that in our flexible ecosystem, instead of investors, multinational corporations, and global talent, the associate spirit of public-private partnership and the Dubai Economic Agenda, D33, is influenced by the transforming goals of D33,” he said.
He said, “Further, Dubai is committed to install new benchmarks in global competition through further thinking rules, cost -effective energy solutions and strategic global partnership, as we continue to build an ecosystem that empowering businesses to flourish,” he said.
He said, “Our focus on innovation, startup incubation and digital-first infrastructure ensures that Dubai will remain a destination of choice for those looking for development, opportunities and success in the global economy,” he further said.
The city attracted greenfield projects in areas and works including financial services, headquarters, real estate and artificial intelligence (AI).
The Dubai government said, “Dubai’s stake in Global FDI projects in Advanced Information Technologies (AIT) increased from 7.3% to 8% in 2023 in 2023 to 8% in 2024, which strengthens its position as the world’s top destination for AIT-related FDI projects.”
Published – March 11, 2025 10:44 pm IST
I am a passionate digital marketer, content writer, and blogger. With years of experience in crafting compelling content and driving digital strategies. I’m always exploring new trends, optimizing strategies, and creating content that resonates with audiences. When I’m not working, you’ll find me diving into the latest digital marketing insights or experimenting with new blogging ideas.