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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 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, reducing reliance on imported goods while also creating tasks for both nationals and locals.
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 Investment Report 2024 by the United Nations Conference on Trade and Development reported that FDI streams into the UAE reached approximately US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, putting the UAE 2nd globally in FDI inflows.
Sustainable Regional Industrial Growth Models for 2026In 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 brand-new companies, marking its finest first quarter in over twenty years, with significant registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's overall number of business went beyond 24,000.8 Similarly, the Jebel Ali Free Zone supports nearly 800 manufacturing firms with customized facilities, exceptional logistics, and over 100 tailored tasks.
Its strategic area at the crossroads of Europe, Asia, and Africa, provides seamless connection to international markets, which makes it possible for effective distribution of items to a large range of customers and end-users. Further, the UAE's strong logistics and facilities, lack 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 location for establishing production bases.
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