Leveraging GCC Research to Drive Strategic Growth

Other sectors are likewise being progressively highlighted to advance the nation'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 intends to build a more diversified and sustainable economy, minimizing reliance on imported goods while likewise creating jobs for both nationals and residents.

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 region. The World Investment Report 2024 by the United Nations Conference on Trade and Advancement reported that FDI flows into the UAE reached around US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, positioning the UAE 2nd worldwide in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 new business, marking its finest first quarter in over twenty years, with significant registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's overall number of business exceeded 24,000.8 Likewise, the Jebel Ali Free Zone supports almost 800 manufacturing companies with customized facilities, exceptional logistics, and over 100 customized projects.

ANSR July GCC PRs 50DR+

Comparing Industrial Strategy Models across the GCC

Its strategic location at the crossroads of Europe, Asia, and Africa, offers seamless connection to international markets, which enables effective distribution of items to a vast array of customers and end-users. Further, the UAE's strong logistics and infrastructure, absence of trade sanctions, and a growing variety of free trade agreements with structured, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an attractive location for developing manufacturing bases.