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Other sectors are also being progressively emphasized to advance the country'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 diversified and sustainable economy, lowering reliance on imported goods while also producing jobs for both nationals and homeowners.
As one of the world's top 20 economies, the UAE has actually protected a leading position in foreign direct financial investment (FDI) inflows within the area. The World Investment Report 2024 by the United Nations Conference on Trade and Advancement reported that FDI flows into the UAE reached around US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, placing the UAE 2nd internationally in FDI inflows.
Advanced Planning for Middle East ExcellenceIn 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 new business, marking its finest first quarter in over 20 years, with substantial registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's overall number of business went beyond 24,000.8 Similarly, the Jebel Ali Free Zone supports almost 800 manufacturing firms with tailored infrastructure, outstanding logistics, and over 100 personalized tasks.
Its tactical location at the crossroads of Europe, Asia, and Africa, uses seamless connection to international markets, which makes it possible for efficient distribution of items to a large range of consumers and end-users. Even more, the UAE's strong logistics and facilities, 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 area for establishing production bases.
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