The Benefits of Industrial Excellence for the GCC

Other sectors are also being progressively emphasized to advance the nation's decarbonization objectives 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 intends to build a more varied and sustainable economy, minimizing dependence on imported goods while also creating jobs for both nationals and locals.

ANSR July GCC PRs 50DR+

As one of the world's top 20 economies, the UAE has protected 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 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 internationally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 new companies, marking its finest first quarter in over twenty years, with significant registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's overall variety of business went beyond 24,000.8 Likewise, the Jebel Ali Free Zone supports nearly 800 production firms with customized infrastructure, outstanding logistics, and over 100 tailored projects.

ANSR July GCC PRs 50DR+

Evaluating Industrial Strategy Models within the GCC

Its tactical place at the crossroads of Europe, Asia, and Africa, provides smooth connection to global markets, which allows efficient distribution of items to a large range of clients and end-users. Further, the UAE's strong logistics and infrastructure, lack of trade sanctions, and a growing variety of free trade 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.