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Dubai led UAE in attracting greenfield FDI projects in 2024
Khaleej Times
|March 12, 2025
Dubai accounted for the lion’s share of the greenfield foreign direct investment (FDI) projects in the UAE last year, accounting for 58 per cent of the total, a report showed.
According to Emirates NBD Research, the value of new greenfield projects in the UAE fell 33 per cent year on year in 2024 to $14.5 billion, representing a normalisation after a particularly strong 2023. Dubai remained the largest recipient of greenfield FDI in the UAE, accounting for around 58 per cent of the total value of announced projects, followed by Sharjah with almost 12 per cent in 2024. Abu Dhabi accounted for just under 11 per cent of the total value of announced projects last year but saw a sharp reduction from the levels seen in both 2022 and 2023, years in which there were substantial investments made in renewables, automotive OEMS and the ICT sector.
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