Leveraging GCC Research to Effectively Drive Strategic Growth

Other sectors are also being progressively emphasized to advance the country's decarbonization objectives following the 28th Conference of the Celebrations (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, lowering reliance on imported goods while also creating tasks 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 investment (FDI) inflows within the area. The World Investment Report 2024 by the United Nations Conference on Trade and Development reported that FDI flows into the UAE reached roughly US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, placing the UAE second internationally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 brand-new companies, marking its finest first quarter in over twenty years, with considerable registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's overall number of companies went beyond 24,000.8 Similarly, the Jebel Ali Free Zone supports almost 800 production companies with tailored infrastructure, exceptional logistics, and over 100 personalized tasks.

ANSR July GCC PRs 50DR+

Driving Dubai Industrial Growth via Strategic Excellence

Its strategic area at the crossroads of Europe, Asia, and Africa, provides smooth connectivity to global markets, which allows efficient distribution of items to a large range of customers and end-users. Even more, the UAE's strong logistics and facilities, absence of trade sanctions, and a growing variety of totally free trade contracts with structured, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an appealing area for developing production bases.