Comparing Industrial Strategy Models within the GCC

Other sectors are likewise being significantly highlighted to advance the nation's decarbonization objectives following the 28th Conference of the Parties (COP28). Low-carbon technologies, such as solar PV manufacturing, are being actively pursued. 5 By targeting these sectors, the UAE intends to develop a more varied and sustainable economy, lowering dependence on imported items while also creating jobs for both nationals and citizens.

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 financial 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, putting the UAE second worldwide in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 brand-new companies, marking its best very first quarter in over 20 years, with considerable 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 almost 800 production companies with customized infrastructure, outstanding logistics, and over 100 customized jobs.

ANSR July GCC PRs 50DR+

Driving Regional Industrial Growth via Operational Excellence

Its tactical area at the crossroads of Europe, Asia, and Africa, offers seamless connectivity to global markets, which allows effective distribution of items to a large range of consumers and end-users. Further, the UAE's strong logistics and facilities, lack of trade sanctions, and a growing variety of complimentary trade 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 production bases.