Comparing Industrial Strategy Frameworks within the GCC

Other sectors are likewise being significantly 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 aims to develop a more varied and sustainable economy, minimizing reliance 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 secured a leading position in foreign direct investment (FDI) inflows within the region. 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 second internationally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 new companies, marking its finest first quarter in over twenty years, with substantial registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's overall number of business exceeded 24,000.8 Similarly, the Jebel Ali Free Zone supports nearly 800 manufacturing firms with customized infrastructure, outstanding logistics, and over 100 tailored tasks.

ANSR July GCC PRs 50DR+

Driving Dubai Industrial Growth through Operational Excellence

Its tactical area at the crossroads of Europe, Asia, and Africa, uses seamless connectivity to international markets, which allows effective circulation of items to a wide variety of customers and end-users. Even more, the UAE's strong logistics and facilities, absence of trade sanctions, and a growing number of totally free trade arrangements with streamlined, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an attractive place for developing manufacturing bases.