Dubai has the most FDI for tourism in 2021 in the world and is ranked number one in the capital, projects, and job creation.
Also, Dubai’s tourism industry has seen remarkable success due to the visionary and leading leadership of Sheikh Mohammed.
Sheikh Hamdan expressed his appreciation for the effort of His Highness Sheikh Mohammed Bin Rashid to create a sustainable economic, financial and social ecosystem in Dubai. This effort has led the way for other countries to emulate the model. Dubai’s rank as the top FDI destination for tourism reaffirms that tourism is a key economic driver with international investors confident in stable and reliable returns.
One speaker at the Dubai World Trade Centre (DWTC) event explained Dubai’s infrastructure, business-friendly policies, and flexible regulations will keep it at the forefront of the world’s FDI destinations. The city meets global investors’ needs by providing world-class infrastructure and services.
Dubai’s tourism sector attracted 6.4 billion Dhs ($1.7 billion) in FDI across 30 FDI projects in 2020, and these investments created 5,545 jobs. Dubai enjoyed increased FDI in 2019 because of its rise to being one of the safest destinations in the world. They also heavily supported global travel and tourism by celebrating COVID-19, now Expo 2020 Dubai.
In 2017-2118, Dubai was the top international city for attracting investment in tourism and created 30,083 jobs. Dubai welcomed over 7.3 million international overnight visitors in 2021, representing 32% year-over-year growth, and underscoring its efforts to become the world’s most visited destination.
Dubai has attracted more than 24 million visitors. The world’s most popular destination, Dubai was awarded the Tripadvisor Travellers’ Choice Awards 2022. They made an exceptional success with Expo 2020 Dubai and this followed their achievement of being the most popular destination on Tripadvisors site in 2022.
Dubai ranked first out of all global cities as the most sought-after destination for tourism as well as business growth. The strategy for Dubai’s ranking was to state its business opportunities, showcase its strong infrastructure, and reinforce the facts that travel to Dubai is easy and luxurious.
Dubai is currently thriving as an investment destination with a 5.5% growth rate in FDI. Dubai’s tourism sector is also strong with copious interest from outside investors. UAE’s government is in the process of adjusting its policies to reflect global economic issues, and the changes will have a positive effect on Dubai’s investment opportunities.
From 2021 to 2026, over 40 laws were reformed in order to ease business for investors. A five-year multi-entry visa was introduced for employees of multinational companies in 2021.
