Driving Regional Industrial Growth through Operational Excellence

Other sectors are also being progressively stressed to advance the country's decarbonization objectives following the 28th Conference of the Celebrations (COP28). Low-carbon technologies, such as solar PV manufacturing, are being actively pursued. 5 By targeting these sectors, the UAE aims to construct a more diversified 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 top 20 economies, the UAE has protected a leading position in foreign direct financial 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 approximately 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 new companies, marking its best very first quarter in over 20 years, with substantial registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's total variety of companies surpassed 24,000.8 Likewise, the Jebel Ali Free Zone supports nearly 800 manufacturing firms with customized infrastructure, excellent logistics, and over 100 customized projects.

ANSR July GCC PRs 50DR+

Comparing Industrial Strategy Frameworks within the GCC

Its tactical place at the crossroads of Europe, Asia, and Africa, offers seamless connection to worldwide markets, which makes it possible for efficient distribution of items to a vast array of customers and end-users. Even more, the UAE's strong logistics and facilities, lack of trade sanctions, and a growing number of free trade agreements with streamlined, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an attractive area for establishing production bases.