Strategic Tips for Mastering the GCC Landscape

Other sectors are likewise being significantly highlighted to advance the nation'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 develop a more varied and sustainable economy, lowering reliance on imported items while also creating jobs for both nationals and citizens.

ANSR July GCC PRs 50DR+

As one of the world's top 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 Development reported that FDI streams into the UAE reached around US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, putting the UAE second globally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 new companies, marking its finest first quarter in over 20 years, with considerable registrations from China, India, the United Kingdom, 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 customized infrastructure, excellent logistics, and over 100 tailored jobs.

ANSR July GCC PRs 50DR+

Actionable Tips for Mastering the Regional Landscape

Its strategic location at the crossroads of Europe, Asia, and Africa, uses smooth connection to global markets, which enables effective distribution of items to a large range of consumers and end-users. Even more, the UAE's strong logistics and facilities, lack of trade sanctions, and a growing number of complimentary trade agreements with structured, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an appealing place for developing production bases.