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Other sectors are likewise being progressively highlighted to advance the country's decarbonization goals following the 28th Conference of the Celebrations (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 varied and sustainable economy, lowering dependence on imported goods while likewise producing tasks for both nationals and citizens.
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 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 2nd globally in FDI inflows.
In 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 new companies, marking its finest very 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 Likewise, the Jebel Ali Free Zone supports nearly 800 production firms with tailored infrastructure, outstanding logistics, and over 100 tailored tasks.
Its strategic area at the crossroads of Europe, Asia, and Africa, uses seamless connectivity to international markets, which enables efficient circulation of products to a wide variety of customers and end-users. Even more, the UAE's strong logistics and facilities, absence of trade sanctions, and a growing variety of open market contracts with streamlined, 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.
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