Leveraging GCC Research to Drive Strategic Growth

Other sectors are also being progressively emphasized to advance the country's decarbonization goals following the 28th Conference of the Celebrations (COP28). Low-carbon innovations, such as solar PV production, 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 creating tasks for both nationals and residents.

ANSR July GCC PRs 50DR+

As one of the world's leading 20 economies, the UAE has protected a leading position in foreign direct 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 around US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, putting the UAE 2nd globally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 new companies, marking its best very first quarter in over 20 years, with substantial registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's overall variety of companies surpassed 24,000.8 Likewise, the Jebel Ali Free Zone supports almost 800 manufacturing firms with tailored facilities, outstanding logistics, and over 100 customized jobs.

ANSR July GCC PRs 50DR+

Key Benefits of Industrial Growth for Dubai

Its tactical location at the crossroads of Europe, Asia, and Africa, provides seamless connectivity to international markets, which enables effective distribution of items to a wide variety 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 arrangements with structured, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an attractive location for developing production bases.