Comparing Industrial Strategy Models within the GCC

Other sectors are also being significantly highlighted to advance the nation'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 develop a more varied and sustainable economy, lowering reliance on imported goods while likewise developing tasks for both nationals and residents.

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 region. The World Financial Investment Report 2024 by the United Nations Conference on Trade and Development reported that FDI flows into the UAE reached roughly US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, putting the UAE 2nd internationally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 new companies, marking its finest first quarter in over twenty years, with significant registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's total variety of business went beyond 24,000.8 Similarly, the Jebel Ali Free Zone supports almost 800 production firms with tailored infrastructure, excellent logistics, and over 100 tailored jobs.

ANSR July GCC PRs 50DR+

Why Future-Focused Strategy Reshapes the Regional Economy

Its strategic place at the crossroads of Europe, Asia, and Africa, provides seamless connectivity to international markets, which enables efficient distribution of items to a large range of customers and end-users. Further, the UAE's strong logistics and facilities, absence of trade sanctions, and a growing variety of open market contracts with structured, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an appealing place for establishing production bases.