Comparing Industrial Strategy Frameworks across the GCC

Other sectors are also being progressively emphasized to advance the country's decarbonization goals following the 28th Conference of the Parties (COP28). Low-carbon technologies, such as solar PV production, are being actively pursued. 5 By targeting these sectors, the UAE intends to build a more varied and sustainable economy, lowering dependence on imported goods while likewise producing tasks for both nationals and homeowners.

ANSR July GCC PRs 50DR+

As one of the world's top 20 economies, the UAE has actually protected a leading position in foreign direct investment (FDI) inflows within the area. The World Financial Investment Report 2024 by the United Nations Conference on Trade and Development reported that FDI streams into the UAE reached roughly US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, putting the UAE second internationally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 new companies, marking its best first quarter in over twenty years, with substantial registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's overall number of companies exceeded 24,000.8 Likewise, the Jebel Ali Free Zone supports nearly 800 production firms with tailored infrastructure, outstanding logistics, and over 100 customized projects.

ANSR July GCC PRs 50DR+

Boosting Regional Industrial Expansion via Strategic Excellence

Its strategic area at the crossroads of Europe, Asia, and Africa, uses seamless connectivity to worldwide markets, which allows effective circulation of items to a large range of customers and end-users. Further, the UAE's strong logistics and infrastructure, lack of trade sanctions, and a growing variety 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 appealing place for establishing production bases.