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Other sectors are likewise being increasingly emphasized to advance the nation's decarbonization objectives following the 28th Conference of the Parties (COP28). Low-carbon technologies, such as solar PV production, are being actively pursued. 5 By targeting these sectors, the UAE aims to develop a more diversified and sustainable economy, minimizing dependence on imported goods while also developing tasks for both nationals and locals.
As one of the world's leading 20 economies, the UAE has protected a leading position in foreign direct investment (FDI) inflows within the region. The World Financial Investment Report 2024 by the United Nations Conference on Trade and Development reported that FDI flows into the UAE reached approximately US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, placing the UAE 2nd globally in FDI inflows.
In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 brand-new business, marking its best first quarter in over 20 years, with considerable registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's overall number of business went beyond 24,000.8 Similarly, the Jebel Ali Free Zone supports almost 800 production companies with tailored infrastructure, exceptional logistics, and over 100 tailored jobs.
How to Utilize GCC Research for Growth
Its strategic place at the crossroads of Europe, Asia, and Africa, offers seamless connection to worldwide markets, which enables efficient circulation of items to a large variety of customers and end-users. Even more, the UAE's strong logistics and infrastructure, lack of trade sanctions, and a growing number of totally free trade agreements with structured, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an attractive location for developing production bases.
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