It is logical to state that the capacity of the city of Dubai to draw new and/or abandoned foreign direct investment projects will be unmatched in the year 2024. According to the ‘fDi Markets’ by Financial Times Ltd in the second quarter of the year, 508 Greenfield FDI projects were recorded as having been established in Dubai representing 6.2 percent of the global share. Such a trend not only affirms the emirate’s strength and robustness but also the growing figures of its foreign shareholders. Investor-oriented measures and tools are well entrenched by virtue of the leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
The factors attributable to the success of Dubai among others is its present day status and milestones in economic growth, which is at par demonstrated by the Dubai Economic Agenda D33. All these factors have made it possible to impose visions, put up the necessary framework and even go ahead to venture into things like artificial intelligence, fintech as well as tourism. Because of this unique factor, the city came in ahead of New York and London which are regarded as the two leading financial cities in the world, and has become the best area for international businesses. Apart from being the top hub for FDI in Dubai, the country’s strive to ensure decent jobs and develop local talents has helped it become known as the most sustainable economy in the universe.
In my opinion this ambition of Dubai to establish itself as one of the key players in the international economy is unparalleled. Thanks to its geographical position, state of the art facilities, and government policies, the city is able to attract foreign investors interested in capital appreciation in the longer term. Yet, what makes the motion of Dubai towards modernity interesting is the motion itself—it is what inhibits decay, that stamina, the stimulation of the future nut resolutely stares. With more and more cities enticing foreign capital investments, where on a consistent basis, Dubai is ranked number one in Greenfield Foreign Direct Investment Projects, clearly illustrates the exceptional dialetic of the development of the aspiring city and its progression to the cutting age economy.
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