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Other sectors are likewise 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 manufacturing, are being actively pursued. 5 By targeting these sectors, the UAE aims to build a more diversified and sustainable economy, decreasing reliance on imported products while also developing tasks for both nationals and homeowners.
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 flows into the UAE reached around US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, positioning the UAE second internationally in FDI inflows.
In 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 new business, marking its best very first quarter in over twenty years, with substantial registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's total variety of companies went beyond 24,000.8 Similarly, the Jebel Ali Free Zone supports almost 800 production companies with customized infrastructure, outstanding logistics, and over 100 tailored jobs.
Is Your Shared Service Center Really Adding Worth?Its strategic place at the crossroads of Europe, Asia, and Africa, provides smooth connectivity to worldwide markets, which enables effective distribution of products to a vast array of customers and end-users. Even more, the UAE's strong logistics and facilities, lack of trade sanctions, and a growing variety of open market contracts 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 manufacturing bases.
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