Comparing Industrial Strategy Models across the GCC

Other sectors are also being progressively 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 varied and sustainable economy, minimizing reliance on imported goods while likewise developing jobs for both nationals and homeowners.

ANSR July GCC PRs 50DR+

As one of the world's top 20 economies, the UAE has protected a leading position in foreign direct investment (FDI) inflows within the region. The World 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, positioning the UAE 2nd internationally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 brand-new companies, marking its best first quarter in over 20 years, with substantial registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's total number of business went beyond 24,000.8 Similarly, the Jebel Ali Free Zone supports almost 800 manufacturing companies with tailored facilities, excellent logistics, and over 100 tailored projects.

ANSR July GCC PRs 50DR+

Key Benefits of Industrial Excellence for Dubai

Its tactical area at the crossroads of Europe, Asia, and Africa, offers smooth connection to international markets, which allows efficient circulation of products to a wide variety of customers and end-users. Further, the UAE's strong logistics and facilities, absence of trade sanctions, and a growing variety of open market arrangements with streamlined, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an attractive area for establishing production bases.