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Dubai attracts 455 FDI projects in 2020

Dubai attracts 455 FDI projects in 2020
These inflows of FDI have created around 18,325 new jobs

UAE - Mubasher: Dubai has attracted 455 foreign direct investment (FDI) projects at a total value of AED 24.7 billion during 2020, the Dubai media office reported.

In 2020, the number of FDI projects in Dubai has exceeded the annual average of 441 over the past five years, reflecting Dubai's economic resilience, sectoral diversity, and FDI future-readiness, as shown by cited data from the Dubai FDI Monitor released by the Dubai Investment Development Agency (Dubai FDI).

These inflows of FDI have created around 18,325 new jobs.

At the same time, Dubai has ranked fourth globally in attracting greenfield FDI capital and first in the Middle East and North Africa (MENA) region, according to the Financial Times’ fDi Markets.

The number of greenfield FDI projects in Dubai represents 2.1% of the total such projects last year, up from the 2% mark for the first time.

The United States came on top of the source countries, representing 21% of FDI capital and 22% of FDI projects, followed by France with 16% and Japan with 11%.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai, said: "Dubai’s sustained FDI flows and its leading position in regional and global rankings as a major FDI destination in 2020, reflect the continued attractiveness of Dubai’s investment environment and the confidence of the investor community in Dubai’s future economic potential."