India High Supply Nation For FDI Into Dubai With $3 Billion Funding | Financial system Information
New Delhi: India’s international direct funding (FDI) into Dubai surged to $3.018 billion in 2024 — a 5 instances leap from $589 million in 2023, making the nation the highest investor in Dubai, a report confirmed on Tuesday.
India, the US, France and the UK had been prime supply nations for FDI into the emirate. India was the highest supply nation with the very best whole estimated FDI capital into Dubai, accounting for 21.5 per cent, adopted by the US (13.7 per cent), France (11 per cent), United Kingdom (10 per cent), and Switzerland (6.9 per cent), based on Dubai Division of Financial system and Tourism’s Dubai FDI Monitor.
Whereas Greenfield FDI tasks in 2024 was at par with 2023 efficiency of 73.5 per cent, reinvestment FDI tasks elevated in 2024 to three.3 per cent from 1.2 per cent in 2023. The variety of introduced Indian FDI tasks additionally elevated to 275 from 249 in 2023. This pushed India from third to second place in venture rely rankings.
In line with the report, India’s investments had been concentrated in key sectors, with Enterprise Companies accounting for 26.9 per cent of tasks, adopted by Software program & IT Companies (23.6 per cent), Client Merchandise (9.8 per cent), Meals & Drinks (8.4 per cent), and Actual Property (6.9 per cent).
Actual property dominated with a 51.4 per cent share, adopted by Lodges and Tourism (9.5 per cent), Transportation and Warehousing (8.4 per cent), Enterprise Companies (6.4 per cent), and Client Merchandise (6.2 per cent).
Dubai ranked world’s prime vacation spot for attracting Greenfield FDI for fourth successive yr. Complete estimated FDI capital surged by 33.2 per cent, the very best single-year worth recorded since 2020.
In 2024, Dubai attracted AED 52.3 billion ($14.24 billion) in estimated FDI capital, a 33.2 per cent enhance from AED 39.26 billion ($10.69 billion) in 2023, marking the very best FDI worth ever recorded in a single yr for the emirate since 2020.
Dubai attracted a record-breaking 1,117 Greenfield FDI tasks in 2024, the very best in its historical past. Dubai additionally achieved a historic milestone in FDI attraction with 1,826 introduced FDI tasks, an 11 per cent enhance from 1,650 tasks in 2023, stated the report.
“The town’s rating because the world’s No.1 vacation spot for attracting Greenfield FDI for the fourth consecutive yr is a testomony to its potential not solely to set new international benchmarks for sustained, fast progress but in addition to repeatedly evolve its funding proposition in response to adjustments sweeping the worldwide market,” stated Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai.
