The United Arab Emirates has ranked as the world’s top FDI performer relative to its size in 2023.
In the past year, there has been a record number of companies set up in the UAE. Mainly, in the business services, tech, real estate and industrial equipment sectors. There were 316 more FDI projects than in the year before.
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Abu Dhabi is particularly attractive when it comes to real estate. Its real estate FDI rose 225% to $893m during the first six months of the year. Abu Dhabi Real Estate Centre’s acting director general Rashed Al Omaira, says that this success “reflects the strategic initiatives [they] have implemented to position the emirate as a premier global investment destination.”
The UAE’s other international hub, Dubai, has also been very successful in attracting projects. It is the city with the most greenfield FDI initiatives in the world, beating cities like London and Singapore.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai’s Crown Prince and Chairman of the Executive Council of Dubai, credits their success to “stability, cutting edge infrastructure and dynamic business environment.”
Creating FDI incentives for investors has been central to the government’s policy. Regulatory reforms include increasing intellectual property protections, streamlining licensing procedures and, notably, allowing 100% foreign ownership of companies in specific sectors.
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