Comparing Industrial Strategy Frameworks within the GCC

Other sectors are likewise being progressively stressed to advance the country'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, lowering dependence on imported goods while likewise developing tasks for both nationals and homeowners.

ANSR July GCC PRs 50DR+

As one of the world's leading 20 economies, the UAE has actually secured 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 around US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, putting the UAE second worldwide 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 number of companies surpassed 24,000.8 Likewise, the Jebel Ali Free Zone supports almost 800 manufacturing companies with customized facilities, outstanding logistics, and over 100 tailored jobs.

ANSR July GCC PRs 50DR+

Utilizing GCC Research to Drive Strategic Growth

Its tactical location at the crossroads of Europe, Asia, and Africa, uses smooth connection to global markets, which allows efficient distribution of products to a broad variety of customers and end-users. Even more, the UAE's strong logistics and infrastructure, lack of trade sanctions, and a growing number of totally 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 area for developing production bases.