Dubai among top global FDI locations in 2020

iStock [For illustration]

Dubai rose above global challenges to record AED 24.7 billion in foreign direct investment (FDI) in 2020.

The emirate attracted 455 FDI projects, which exceeds the annual average of 441 over the past five years.

These projects also helped create an estimated 18,325 new jobs.

The figures have been revealed by Dubai Economy's Dubai Investment Development Agency (Dubai FDI).

Its latest performance places Dubai among the top global FDI locations in 2020, ranking first in the Middle East and North Africa (MENA) region and fourth globally in attracting greenfield FDI capital, according to the Financial Times’ fDi Markets.

Dubai’s outstanding FDI performance in 2020 was achieved in the face of extremely challenging global investment circumstances created by the COVID-19 pandemic and its economic impact.

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