Leveraging GCC Research to Drive Strategic Growth

Other sectors are also being progressively highlighted to advance the nation's decarbonization goals following the 28th Conference of the Celebrations (COP28). Low-carbon innovations, 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, decreasing dependence on imported products while likewise creating jobs for both nationals and locals.

ANSR July GCC PRs 50DR+

As one of the world's leading 20 economies, the UAE has secured 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 Advancement reported that FDI flows into the UAE reached around US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, positioning the UAE 2nd internationally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 new companies, marking its finest 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 variety of companies exceeded 24,000.8 Similarly, the Jebel Ali Free Zone supports nearly 800 manufacturing firms with tailored infrastructure, exceptional logistics, and over 100 customized projects.

ANSR July GCC PRs 50DR+

The Benefits of Strategic Growth for the GCC

Its tactical location at the crossroads of Europe, Asia, and Africa, uses smooth connectivity to global markets, which allows efficient circulation of items to a broad range of clients and end-users. Further, the UAE's strong logistics and facilities, absence 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 manufacturing bases.