Leveraging GCC Research to Effectively Drive Strategic Growth

Other sectors are likewise being significantly emphasized to advance the country's decarbonization goals following the 28th Conference of the Celebrations (COP28). Low-carbon technologies, such as solar PV production, are being actively pursued. 5 By targeting these sectors, the UAE intends to construct a more varied and sustainable economy, reducing reliance on imported items while also producing jobs for both nationals and residents.

ANSR July GCC PRs 50DR+

As one of the world's leading 20 economies, the UAE has actually protected 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 streams into the UAE reached approximately US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, positioning the UAE second worldwide in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 brand-new companies, marking its best first quarter in over twenty years, with considerable registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's total number of business exceeded 24,000.8 Likewise, the Jebel Ali Free Zone supports nearly 800 manufacturing firms with customized infrastructure, outstanding logistics, and over 100 customized jobs.

ANSR July GCC PRs 50DR+

Evaluating Industrial Strategy Models within the GCC

Its tactical place at the crossroads of Europe, Asia, and Africa, provides seamless connection to worldwide markets, which makes it possible for effective circulation of items to a vast array of customers and end-users. Even more, the UAE's strong logistics and infrastructure, lack of trade sanctions, and a growing number of open market contracts with structured, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an attractive place for developing manufacturing bases.