Will the GCC Sustain Industrial Growth through 2026?

Other sectors are likewise being significantly highlighted to advance the country's decarbonization objectives 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, minimizing dependence on imported items while also creating tasks for both nationals and locals.

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 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 worldwide in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 new business, marking its finest very first quarter in over 20 years, with substantial registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's overall number of business surpassed 24,000.8 Similarly, the Jebel Ali Free Zone supports nearly 800 production firms with tailored facilities, excellent logistics, and over 100 personalized jobs.

ANSR July GCC PRs 50DR+

Evaluating Industrial Strategy Frameworks within the GCC

Its tactical place at the crossroads of Europe, Asia, and Africa, provides seamless connection to global markets, which makes it possible for efficient circulation of products to a vast array 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 place for developing manufacturing bases.