Comparing Industrial Strategy Frameworks across the GCC

Other sectors are likewise being significantly emphasized to advance the country'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 intends to construct a more varied and sustainable economy, reducing dependence on imported items while likewise creating jobs for both nationals and locals.

ANSR July GCC PRs 50DR+

As one of the world's leading 20 economies, the UAE has protected a leading position in foreign direct financial investment (FDI) inflows within the area. The World Investment Report 2024 by the United Nations Conference on Trade and Advancement reported that FDI streams into the UAE reached around US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, positioning the UAE second globally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 brand-new companies, marking its finest very first quarter in over twenty years, with significant registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's total variety of business surpassed 24,000.8 Likewise, the Jebel Ali Free Zone supports nearly 800 production companies with tailored infrastructure, outstanding logistics, and over 100 tailored tasks.

ANSR July GCC PRs 50DR+

Utilizing GCC Research to Drive Operational Growth

Its tactical area at the crossroads of Europe, Asia, and Africa, uses seamless connectivity to international markets, which allows effective distribution of products to a wide range of customers and end-users. Further, the UAE's strong logistics and facilities, lack of trade sanctions, and a growing number of open market arrangements with streamlined, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an attractive area for establishing manufacturing bases.