Key Benefits of Industrial Growth in the GCC

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 production, are being actively pursued. 5 By targeting these sectors, the UAE aims to build a more varied and sustainable economy, minimizing reliance 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 secured a leading position in foreign direct investment (FDI) inflows within the region. The World Investment Report 2024 by the United Nations Conference on Trade and Advancement reported that FDI streams into the UAE reached approximately US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, placing the UAE second worldwide in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 new business, marking its best first quarter in over 20 years, with significant 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 manufacturing companies with tailored infrastructure, outstanding logistics, and over 100 customized tasks.

ANSR July GCC PRs 50DR+

The Benefits of Industrial Excellence for the GCC

Its tactical place at the crossroads of Europe, Asia, and Africa, offers smooth connection to global markets, which makes it possible for effective circulation of items to a wide variety of customers and end-users. Further, the UAE's strong logistics and infrastructure, 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.