Comparing Industrial Strategy Frameworks across the GCC

Other sectors are likewise being increasingly emphasized to advance the country's decarbonization objectives following the 28th Conference of the Celebrations (COP28). Low-carbon technologies, such as solar PV manufacturing, are being actively pursued. 5 By targeting these sectors, the UAE aims to construct a more diversified and sustainable economy, lowering dependence on imported products while also producing jobs for both nationals and homeowners.

ANSR July GCC PRs 50DR+

As one of the world's top 20 economies, the UAE has secured a leading position in foreign direct financial investment (FDI) inflows within the area. The World Financial 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, positioning the UAE 2nd globally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 new business, marking its finest first quarter in over twenty years, with considerable registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's overall variety of business surpassed 24,000.8 Likewise, the Jebel Ali Free Zone supports almost 800 manufacturing companies with tailored infrastructure, outstanding logistics, and over 100 customized projects.

ANSR July GCC PRs 50DR+

Comparing Corporate Strategy Frameworks within the GCC

Its tactical place at the crossroads of Europe, Asia, and Africa, offers smooth connection to international markets, which allows efficient circulation of products to a wide variety of clients 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 location for developing manufacturing bases.