Dubai was able to stand in the third position in the global index’s overall ranking as per the report published under Future Cities Index for Foreign Direct Investment 2021/2022. Further, Dubai managed to grab the second position in the sub-index ranking of major cities category as well. The report was issued by FDI Intelligence, which is a specialist in foreign investment across the globe and affiliated with the Financial Times Foundation.
His Highness, the Crown Prince of Dubai, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum stated that the integration and readiness of Dubai’s investment environment along with its solid, digital and soft infrastructure is one of the best in the world. It has further placed it in the limelight of reliable global destinations for investors in the meantime. Further, His Highness explained that strengthening such strategic components of the investment environment in the Emirate of Dubai and then transforming the challenges posed through the current global crisis into real opportunities will be an effective investment strategy. Further, investment in sustainable development is the need of the time as per his view.
His Highness asked to continue working on the development of the investment environment and in the ways of enhancing the leadership position of the emirate through global foreign investment indicators in such a way that it enhances the attraction of global and emerging companies who are looking for integrated investment environment which enhances success, expansion, and growth of the entire business across Gulf nations.
It has been believed that the vision developed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President along with Prime Minister of the UAE and Ruler of Dubai worked for this remarkable achievement.
With the achievement, Sami Al Qami, director-general of Dubai Economy stated that this report reflected the proactive vision of its leadership and the ability to ride the wave of global transformation and navigate challenges effectively around. On the other hand, Fahad Al Gerawi, CEO of Dubai Investment Development Agency (Dubai FDI), expressed his views stating Dubai has maintained the position as one of the world’s top ten FDI destinations across all indicators for the past five years and thanked the leadership as well. He further explained that the latest rankings highlight the confidence in which Dubai enjoys in the investor community.
In the same statement, he further claimed that Dubai is a leading global FDI hub through virtue of its proven commitment for resilience, future-readiness along continuous improvement with strong commitment and dedication for the investment environment.
In the same report, Dubai was placed third in FDI strategy sub-indicator among Major Cities right after Berlin and Hong Kong and eighth in the overall global ranking.
Exceptional achievements in areas across urban development and infrastructure were the reasons for this remark.
Dubai’s economy has been gradually turning into an inspiring model for the global world as it is backed by its world class infrastructure,visionary leadership, legislative framework, and rapid improvement in ease of doing business ranking. It has been able to set an example regarding diversity, crisis preparedness, resilience, and readiness for change.
Just a few days back, the Institute of International Finance had made predictions about UAE’s economic recovery. This achievement of Dubai is expected to create global awareness about the unique investment environment which will create new opportunities across the world, basically in the Middle East, Africa, and portions of Europe.