Evaluating Industrial Strategy Models across the GCC

Other sectors are likewise being significantly stressed to advance the country's decarbonization objectives following the 28th Conference of the Parties (COP28). Low-carbon innovations, such as solar PV manufacturing, are being actively pursued. 5 By targeting these sectors, the UAE aims to build a more diversified and sustainable economy, decreasing reliance on imported items while likewise creating tasks for both nationals and locals.

ANSR July GCC PRs 50DR+

As one of the world's leading 20 economies, the UAE has secured a leading position in foreign direct investment (FDI) inflows within the area. The World Investment Report 2024 by the United Nations Conference on Trade and Advancement reported that FDI streams into the UAE reached roughly US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, placing the UAE 2nd globally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 brand-new business, marking its best very first quarter in over 20 years, with considerable registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's overall variety of business surpassed 24,000.8 Similarly, the Jebel Ali Free Zone supports almost 800 manufacturing firms with tailored facilities, excellent logistics, and over 100 tailored tasks.

ANSR July GCC PRs 50DR+

Why Future-Focused Strategy Reshapes the GCC Economy

Its tactical area at the crossroads of Europe, Asia, and Africa, provides smooth connection to global markets, which makes it possible for efficient distribution of products to a wide variety of customers and end-users. Even more, the UAE's strong logistics and infrastructure, absence of trade sanctions, and a growing number of open market agreements with streamlined, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an attractive place for establishing manufacturing bases.