Forget New York, Dubai, or Singapore—London attracts more foreign investment in finance than any other city

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Ahead of Singapore, New York, and Dubai 💰

Even after the U.K.’s departure from the European Union, London still attracted more foreign investment last year than any other city in the world.research performed by the City of London Corporation

, the municipal governing body of the square mile which encompasses most of London’s financial sector. The new research puts London ahead of Dubai, Singapore, New York, and Paris, which trail the U.K city in both numbers of projects attracting foreign investment and the amount invested. Over 2021, £1.1 billion worth of foreign investment was funneled into 186 projects across the whole of the U.K.—second only to the U.S., which had 234 similar projects attracting investment. The U.S. was the largest investor in London’s financial sector, followed by Switzerland and Australia. France was its largest European investor and fourth overall., “Our position at the crossroads of Europe’s biggest financial and tech sectors make us one of the globe’s foremost hubs for innovation.

 

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