The Benefits of Industrial Growth for the GCC

Other sectors are also being increasingly stressed to advance the country's decarbonization objectives following the 28th Conference of the Parties (COP28). Low-carbon innovations, 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, minimizing reliance on imported goods while likewise producing tasks for both nationals and citizens.

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 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.

In 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 new business, marking its best very first quarter in over 20 years, with significant registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's total number of business surpassed 24,000.8 Similarly, the Jebel Ali Free Zone supports nearly 800 production companies with tailored infrastructure, excellent logistics, and over 100 personalized projects.

ANSR July GCC PRs 50DR+

The Benefits of Industrial Excellence for Dubai

Its strategic place at the crossroads of Europe, Asia, and Africa, offers seamless connection to international markets, which allows efficient distribution of items to a vast array of consumers and end-users. Even more, the UAE's strong logistics and facilities, absence of trade sanctions, and a growing number of complimentary trade agreements with streamlined, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an attractive place for developing manufacturing bases.