Comparing Industrial Strategy Models across the GCC

Other sectors are also being increasingly highlighted to advance the country's decarbonization goals following the 28th Conference of the Parties (COP28). Low-carbon innovations, such as solar PV production, are being actively pursued. 5 By targeting these sectors, the UAE intends to construct a more diversified and sustainable economy, decreasing dependence on imported products while likewise creating tasks for both nationals and residents.

ANSR July GCC PRs 50DR+

As one of the world's top 20 economies, the UAE has actually 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 streams into the UAE reached around US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, putting the UAE second globally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 brand-new business, marking its best first quarter in over 20 years, with significant registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's overall number of companies surpassed 24,000.8 Likewise, the Jebel Ali Free Zone supports nearly 800 manufacturing firms with tailored infrastructure, outstanding logistics, and over 100 customized tasks.

ANSR July GCC PRs 50DR+

Driving Dubai Industrial Growth through Operational Excellence

Its tactical location at the crossroads of Europe, Asia, and Africa, provides smooth connection to international markets, which makes it possible for effective distribution of items to a large range of consumers and end-users. Even more, the UAE's strong logistics and infrastructure, absence of trade sanctions, and a growing variety of complimentary trade arrangements with streamlined, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an appealing area for developing production bases.