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Business / 10 months ago
Dubai Becomes No. 1 Greenfield FDI Magnet, Puts Global Cities Green with Envy
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Dubai shines bright as the top destination for greenfield foreign direct investment, leaving rival cities green with envy.
Dubai Crown Prince Declares City "Green with Envy" as Dubai Tops Global FDI Ranking for 2022 In an astonishing display of monetary might, the city of Dubai has once again claimed the top spot as the world's leading destination for greenfield foreign direct investment (FDI) in 2022, beating out struggling competitors like New York, London, and Mumbai. The city's 89.5 percent year-on-year (YoY) growth in total announced FDI projects and 80.3 percent surge in FDI capital has reportedly left rival cities green – not with sustainable technology, but with envy. The announcement was made by none other than H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, who was glowing with pride as he boasted of the city's economic supremacy. "We are humbled by our dominance in global FDI," said His Highness, unable to keep a straight face. "As we continue to invest in the most innovative concrete, steel and glittering facades, the world will come to know Dubai as a paragon of sustainability and environmental stewardship." His Highness went on to credit the phenomenal FDI growth to Dubai's unwavering commitment to its primary resource: an endless supply of capital with a touch of magic. "As long as we believe in the power of money, and throw in a few ambitious projects like an underwater tennis court or the world's largest Ferris wheel, nothing can stand in the way of Dubai's meteoric rise to the top," he declared, with an air of omniscience. Critics point to the city's penchant for unsustainable real estate projects and questionable labor practices as reasons to curb the celebrations. However, sources close to the city's leadership have it on good authority that any criticism only serves to fuel Dubai's relentless pursuit of worldly dominance, with dreams of eventually outshining the sun itself. After all, as the age-old Emirati saying goes, "With great wealth comes great skyscrapers." In an exclusive interview, one anonymous insider shared that these achievements are only the beginning. "We have much more in store for Dubai - designs for a fully air-conditioned beach and a pet hotel exclusively for goldfish are just the tip of the iceberg," the source confided while sipping on a chilled glass of liquid gold. As other global cities frantically try to keep up with Dubai's gold-plated vision of the future, one thing is clear: gone are the days of cities competing for FDI with mere business incentives, tax breaks, or strong workforces. The new equation is simple: glittering towers, underwater attractions, and an undying devotion to the Arabian Nights. The next move is up to you, world.
posted 10 months ago

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Original title: Dubai Retains No.1 Global Ranking For Attracting Greenfield FDI Projects - UrduPoint

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