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Other sectors are also being progressively stressed to advance the nation's decarbonization goals 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 varied and sustainable economy, decreasing dependence on imported items while likewise producing jobs for both nationals and citizens.

As one of the world's top 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 Development reported that FDI flows into the UAE reached roughly US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, placing the UAE 2nd internationally in FDI inflows.
In 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 brand-new companies, marking its best first quarter in over 20 years, with substantial registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's total number of companies went beyond 24,000.8 Similarly, the Jebel Ali Free Zone supports almost 800 production companies with customized facilities, excellent logistics, and over 100 customized projects.
Driving Regional Industrial Expansion through Innovation
Its strategic location at the crossroads of Europe, Asia, and Africa, uses smooth connection to international markets, which allows efficient circulation of products to a vast array of customers and end-users. Further, the UAE's strong logistics and facilities, absence of trade sanctions, and a growing number of open market contracts with streamlined, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an appealing place for establishing manufacturing bases.
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