Indian Entrepreneurs and Businesses Shift to Dubai
Over the last decade, Dubai has become a prime destination for Indian entrepreneurs and businesses, driven by its favorable tax regime and business-friendly environment.
Foreign Direct Investment (FDI) from India to Dubai
- India has emerged as the key source country for FDI into Dubai.
- Dubai retained its top position as a Global FDI Destination in 2024, ranking as the No.1 destination for Greenfield FDI projects for the fourth consecutive year.
- India surpassed the USA, France, and the UK, contributing 21.5% to Dubai's FDI inflow.
- Other major contributors: United States (13.7%), France (11%), United Kingdom (10%), and Switzerland (6.9%).
FDI Statistics for 2024
- Dubai attracted AED52.3 billion ($14.24 billion) in estimated FDI capital, marking a 33.2% increase from 2023.
- 1,117 Greenfield FDI projects were initiated, the highest number in Dubai’s history.
- A total of 1,826 FDI projects were announced, an 11% increase from 2023.
- Generated 58,680 estimated jobs, a 31% rise from 2023.
Dubai's Global and Regional Rankings
- Ranked fourth globally for attracting Greenfield FDI capital, up from fifth in 2023.
- Held the top position in the Middle East and Africa (MEA) for Greenfield FDI projects, capital, and jobs.
- No.1 globally in the attraction of Headquarter (HQ) FDI projects, with 50 projects in 2024.
- Dubai accounts for 6.2% of global market share and 55% of the Middle East’s total Greenfield FDI projects.
Sectoral Growth and Talent Attraction
- Sectors attracting FDI: business services, software IT services, real estate, transportation/warehousing, financial services, industrial equipment, consumer products, and communications.
- Increase in Advanced Information Technologies (AIT) FDI projects, from 7.3% in 2023 to 8% in 2024.
Strategic Initiatives and Future Outlook
- Dubai's strategies focus on fostering a future-ready investment ecosystem and setting benchmarks in global competitiveness.
- Commitment to innovation, startup incubation, digital-first infrastructure, and strategic global partnerships.
