India Emerged as Top Source Country for FDI into Dubai with USD 3 billion Investment

Current Context: The report is titled Dubai FDI Monitor, and it is released by the Dubai Department of Economy and Tourism.

Key Insights from the Report:

• India's FDI Contribution: India emerged as the top source country for FDI into Dubai in 2024, with investments totaling USD 3.018 billion, accounting for 21.5% of Dubai's total FDI inflow.
• Sectoral Focus: Indian investments were concentrated in real estate, business services, software & IT, and consumer products.
• Greenfield FDI: Dubai retained its position as the world's top destination for Greenfield FDI projects for the fourth consecutive year.
• Overall FDI Growth: Dubai attracted a record-breaking AED 52.3 billion (USD 14.24 billion) in FDI capital in 2024, marking a 33.2% increase from 2023.

Question:

Q.1 As per Dubai FDI Monitor report, Which country emerged as the top source of Foreign Direct Investment (FDI) into Dubai in 2024?
a) United States
b) China
c) India
d) United Kingdom

Answer: c) According to the Dubai FDI Monitor 2024, India was the top source of FDI into Dubai, contributing USD 3.018 billion, which accounted for 21.5% of Dubai's total FDI inflows.