Driving Regional Industrial Expansion via Operational Excellence

Other sectors are likewise being increasingly highlighted to advance the country's decarbonization goals following the 28th Conference of the Parties (COP28). Low-carbon innovations, such as solar PV production, are being actively pursued. 5 By targeting these sectors, the UAE intends to build a more diversified and sustainable economy, decreasing dependence on imported products while also developing jobs for both nationals and homeowners.

ANSR July GCC PRs 50DR+

As one of the world's leading 20 economies, the UAE has actually protected a leading position in foreign direct financial investment (FDI) inflows within the region. The World Investment Report 2024 by the United Nations Conference on Trade and Development reported that FDI streams into the UAE reached roughly 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 brand-new business, marking its finest first quarter in over twenty years, with significant registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's total number of companies exceeded 24,000.8 Likewise, the Jebel Ali Free Zone supports nearly 800 manufacturing companies with tailored facilities, exceptional logistics, and over 100 tailored projects.

ANSR July GCC PRs 50DR+

Comparing Industrial Strategy Models within the GCC

Its tactical place at the crossroads of Europe, Asia, and Africa, offers seamless connection to global markets, which makes it possible for efficient distribution of products to a large range of clients and end-users. Even more, the UAE's strong logistics and infrastructure, lack of trade sanctions, and a growing variety of totally free trade contracts with streamlined, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an attractive location for establishing manufacturing bases.