Dubai: London attracted $764 million of investments into 114 financial and professional services projects in 2021, according to a report published by the City of London Corporation, putting it ahead of the likes of Dubai, Paris, Singapore, and New York.
In 2021, Dubai and Singapore attracted 104 and 103 financial and professional service projects respectively, Bloomberg reported.
However, the report did not detail the value of investments secured by Dubai or Singapore.
On a country basis, the UK attracted 186 financial and professional service projects, placing it second behind the 234 attracted by the US.
The report further noted that the number of financial and professional services projects attracted to the UK was up 8 percent in 2021.
“We must future-proof the sector and make sure we remain globally competitive,” said Catherine McGuinness, policy chair at the City of London. AFP
