Comparing Industrial Strategy Models within the GCC

Other sectors are likewise being progressively highlighted to advance the nation's decarbonization goals following the 28th Conference of the Parties (COP28). Low-carbon technologies, such as solar PV production, are being actively pursued. 5 By targeting these sectors, the UAE aims to build a more varied and sustainable economy, minimizing reliance on imported products while likewise producing jobs for both nationals and citizens.

ANSR July GCC PRs 50DR+

As one of the world's leading 20 economies, the UAE has actually protected a leading position in foreign direct financial investment (FDI) inflows within the area. The World 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, positioning the UAE 2nd globally 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 UK, Germany, and France. 7 By 2023, the DMCC's total number of companies went beyond 24,000.8 Likewise, the Jebel Ali Free Zone supports almost 800 manufacturing firms with tailored facilities, excellent logistics, and over 100 personalized jobs.

ANSR July GCC PRs 50DR+

Driving Dubai Industrial Expansion via Strategic Excellence

Its tactical location at the crossroads of Europe, Asia, and Africa, uses seamless connection to international markets, which makes it possible for efficient distribution of products to a large range of consumers and end-users. Even more, the UAE's strong logistics and facilities, absence of trade sanctions, and a growing number of open market 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.