Comparing Industrial Strategy Frameworks across the GCC

Other sectors are also being progressively stressed to advance the nation's decarbonization goals following the 28th Conference of the Parties (COP28). Low-carbon technologies, such as solar PV manufacturing, are being actively pursued. 5 By targeting these sectors, the UAE intends to construct a more varied and sustainable economy, reducing dependence on imported items while also creating tasks for both nationals and homeowners.

ANSR July GCC PRs 50DR+

As one of the world's leading 20 economies, the UAE has actually secured a leading position in foreign direct financial investment (FDI) inflows within the region. The World Investment Report 2024 by the United Nations Conference on Trade and Development reported that FDI streams into the UAE reached around US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, putting the UAE second worldwide 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 total variety of business went beyond 24,000.8 Likewise, the Jebel Ali Free Zone supports nearly 800 manufacturing companies with customized facilities, excellent logistics, and over 100 personalized projects.

ANSR July GCC PRs 50DR+

Leveraging GCC Research to Effectively Drive Operational Growth

Its tactical place at the crossroads of Europe, Asia, and Africa, offers smooth connectivity to worldwide markets, which allows effective distribution of products to a large range of customers and end-users. Even more, the UAE's strong logistics and infrastructure, absence of trade sanctions, and a growing variety 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 production bases.