Leveraging GCC Research to Drive Strategic Growth

Other sectors are also being progressively stressed to advance the nation's decarbonization goals 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 develop a more varied and sustainable economy, reducing dependence on imported products while likewise creating jobs for both nationals and residents.

ANSR July GCC PRs 50DR+

As one of the world's leading 20 economies, the UAE has secured a leading position in foreign direct investment (FDI) inflows within the region. The World Financial Investment Report 2024 by the United Nations Conference on Trade and Advancement 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 globally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 new companies, marking its finest first quarter in over twenty 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 companies with tailored infrastructure, outstanding logistics, and over 100 customized tasks.

ANSR July GCC PRs 50DR+

The Benefits of Industrial Growth in Dubai

Its strategic area at the crossroads of Europe, Asia, and Africa, offers smooth connection to international markets, which allows efficient circulation of items to a large range of clients and end-users. Even more, the UAE's strong logistics and infrastructure, lack of trade sanctions, and a growing variety of open market agreements with structured, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an appealing location for developing manufacturing bases.