Comparing Industrial Strategy Models across the GCC

Other sectors are likewise being progressively emphasized to advance the country's decarbonization objectives following the 28th Conference of the Celebrations (COP28). Low-carbon innovations, such as solar PV manufacturing, are being actively pursued. 5 By targeting these sectors, the UAE intends to build a more diversified and sustainable economy, reducing dependence on imported items while also developing jobs for both nationals and residents.

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 Advancement reported that FDI flows into the UAE reached around US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, putting the UAE 2nd globally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 new companies, marking its best very first quarter in over 20 years, with substantial registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's overall variety of companies went beyond 24,000.8 Likewise, the Jebel Ali Free Zone supports almost 800 manufacturing firms with tailored infrastructure, outstanding logistics, and over 100 personalized jobs.

ANSR July GCC PRs 50DR+

Unlocking Process Excellence in Dubai's Industrial Sector

Its strategic area at the crossroads of Europe, Asia, and Africa, offers smooth connection to global markets, which makes it possible for effective distribution of items to a wide variety of customers and end-users. Even more, the UAE's strong logistics and infrastructure, lack of trade sanctions, and a growing variety of 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 place for establishing manufacturing bases.