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Other sectors are also being increasingly highlighted to advance the country'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 diversified and sustainable economy, minimizing reliance on imported items while likewise producing jobs for both nationals and citizens.
As one of the world's top 20 economies, the UAE has actually secured a leading position in foreign direct investment (FDI) inflows within the region. The World Investment Report 2024 by the United Nations Conference on Trade and Advancement reported that FDI streams into the UAE reached roughly US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, positioning the UAE second globally in FDI inflows.
Advanced Strategy for Regional ExcellenceIn 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 brand-new companies, marking its best first quarter in over 20 years, with considerable registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's total number of companies surpassed 24,000.8 Similarly, the Jebel Ali Free Zone supports nearly 800 manufacturing firms with customized facilities, exceptional logistics, and over 100 tailored jobs.
Advanced Strategy for Regional ExcellenceIts strategic place at the crossroads of Europe, Asia, and Africa, uses smooth connectivity to worldwide markets, which allows efficient distribution of products to a large range of consumers and end-users. Further, the UAE's strong logistics and facilities, lack of trade sanctions, and a growing number of open market arrangements with structured, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an appealing location for establishing manufacturing bases.
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