Evaluating Industrial Strategy Models across the GCC

Other sectors are likewise being progressively highlighted to advance the country's decarbonization objectives 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 construct a more diversified and sustainable economy, decreasing reliance on imported products while likewise 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 investment (FDI) inflows within the area. The World Investment Report 2024 by the United Nations Conference on Trade and Development reported that FDI flows into the UAE reached around 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) invited 665 new business, marking its finest first quarter in over 20 years, with significant registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's total variety of companies exceeded 24,000.8 Similarly, the Jebel Ali Free Zone supports almost 800 production companies with tailored facilities, exceptional logistics, and over 100 tailored projects.

ANSR July GCC PRs 50DR+

Will Dubai Lead Industrial Growth during 2026?

Its tactical place at the crossroads of Europe, Asia, and Africa, provides seamless connectivity to international markets, which makes it possible for effective distribution of items to a wide variety of consumers and end-users. Even more, the UAE's strong logistics and infrastructure, absence of trade sanctions, and a growing number 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 place for establishing production bases.