“Dubai will never settle for anything less than first place”- HH Sheikh Mohammed bin Rashid Al Maktoum.
Keeping the streak alive, Dubai, for the fifth time in a row, beat the leading cities of the world and earned the top spot in FDI capitals, projects, and job creation in the Tourism sector in 2021. The ranking has been awarded by a prominent global data source on cross-border greenfield FDI investments, The Financial Times’ FDI Markets.
How did Dubai become a hotspot for tourism? Let’s discover!
FDI capitals
FDI worth $ 1.7 billion/AED 6.4 billion from 30 FDI projects dropped into the big pockets of Dubai and the total FDI capital flows in all sectors in Dubai exceeded $ 7 billion/AED 26 billion from 618 announced FDI projects in 2021 with growth rate of 5.5 % compared to 2020. These are huge numbers, right? Contact the finest lawyers in Dubai who have hands-on experience in investment and business matters.
Jobs creation
According to the Dubai FDI Monitor report, published by the Dubai Investment Development Agency, investments and projects created over 5000 new jobs in Dubai.
Expo 2020:
The 6-month mega event hosted by Dubai, which celebrated UAE’s Golden Jubilee, attracted millions of visitors to this highly globalized city. Dubai has been voted ‘The world’s most popular destination’ in the Tripadvisor Travellers’ Choice Awards 2022. Further, Dubai welcomed 7.28 million international visitors in 2021, which is truly insane!
Infrastructure:
Dubai offers World-class infrastructure, a high standard of living, exceptional opportunities, stable and sustainable returns, business-friendly policies, a simplified immigration process, and a flexible regulatory environment which makes it the most attractive city for investment in the world.
Enabling ecosystem:
Around 40 laws were amended to make the UAE an investor-friendly country. Other initiatives like the Golden Visa, virtual working, and retirement benefits in Dubai programs attract global talent. A most experienced lawyer in Dubai should be contacted to avoid any kind of mistake.
Secured future:
Dubai’s 2040 urban master plan also aims to enhance Dubai’s reputation as a global destination for tourism and investment. These plans promise long-term security to investors.
“We will further enhance our efforts to ensure that its enabling infrastructure, business-friendly policies, and flexible regulatory environment will keep Dubai at the forefront of the world’s FDI destinations,” Sheikh Hamdan tweeted.
Conclusion
Top FDI destination for tourism will continue to touch new heights with its capabilities; BSB Legal has the leading lawyers in Dubai who will assist you in making the most of these opportunities. For legal consultation contact us at info@bsb.legal or call us at +97150 8014003.