DUBAI--(Business Wire / Korea Newswire)--Dubai has topped the Foreign Direct Investment (FDI) Index for cultural and creative industries in 2023, according to the ‘fDi Markets’ report by the Financial Times. This ranking reaffirms Dubai’s leadership and enhances its competitiveness as a global capital of the creative economy.
The emirate ranked first globally as the top destination for job creation and capital inflows in the cultural and creative industries (CCI) sector, out of 115 other destinations in the report. This achievement places Dubai ahead of major global cities such as London, New York, and Singapore.
According to data from the Dubai FDI Monitor, released by the Dubai Department of Economy and Tourism (DET), Dubai has attracted 898 projects in the cultural and creative industries sector in 2023, almost double the figure from the previous year. This led to AED 11.8 billion in FDI capital inflow, which was a 60% increase. An estimated 21,563 new job opportunities were created in 2023, 74% up on 2022.
Within the ranking of the top five source countries for FDI capital inflows into CCI in Dubai during 2023, data from the Dubai FDI Monitor and the Dubai Framework for Cultural Statistics showed an increase in capital inflows. The US led with 33.2%, followed by the UK at 12.4%, India with 9.1%, Hungary on 4%, and Denmark’s 3%. The US also topped the list for creating new job opportunities through FDI into Dubai’s CCI with 19.2%, India boasting 16.3%, the UK 15.7%, Singapore with 5%, and France’s 4.2%.
In terms of the number of FDI projects announced in 2023 in the CCI sector, the UK led with 17.8%, followed by India with 16.9%, the US at 16%, France with 4%, and Italy’s 3.8%, highlighting Dubai’s efforts and strategies to focus on these markets as key partners.
Data from the Dubai FDI Monitor and the Dubai Framework for Cultural Statistics indicated that wholly-owned Greenfield FDI projects accounted for 78.7% of Dubai’s total CCI in 2023. New Forms of Investments (NFIs) were 16.1%, reinvestment projects made up 3%, and mergers and acquisitions tallied up to 2.1% of the projects in the registered sectors.
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Website: https://dubaiculture.gov.ae/en View Korean version of this release Contact Dubai Culture
Joumana Alkhani
[email protected] This news is a press release provided by Dubai Culture. Korea Newswire follows these editorial guidelines. Dubai Culture News ReleasesSubscribeRSS 두바이, 2023년 문화 및 창의 산업 분야 FDI 전 세계 1위 차지 두바이가 2023년 문화 및 창의 산업 분야 외국인 직접투자(Foreign Direct Investment, FDI) 지수에서 1위를 차지했다고 파이낸셜 타임즈(Financial Times)의 ‘fDI 마켓(fDi Markets)’ 보고서가 발표했다. 이 순위로 두바이의 리더십을 재확인하고 창조적 경제의 글로벌 수도로서 두바이의 경쟁력을 강화하게 ... 6월 9일 09:45 Al Shindagha Museum - A Modern Journey through Dubai's Rich Heritage and Cultural Tapestry As Dubai gears up to host the prestigious International Council of Museums (ICOM) General Conference for the first time in the MENASA region in 2025, Al Shindagha Museum is poised to play a pivotal role in this landmark event. Managed by the Dubai Culture & Arts Authority (Dubai Culture... 4월 30일 14:40 ... More More News Government Central Government Earnings Overseas Dubai Culture All News Releases