Can the GCC Sustain Industrial Growth through 2026?

Other sectors are likewise being significantly emphasized to advance the country's decarbonization objectives 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 aims to build a more varied and sustainable economy, reducing reliance on imported products while likewise producing tasks for both nationals and homeowners.

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 Development reported that FDI streams into the UAE reached approximately US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, positioning the UAE 2nd internationally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 brand-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 number of business went beyond 24,000.8 Similarly, the Jebel Ali Free Zone supports nearly 800 manufacturing companies with tailored facilities, outstanding logistics, and over 100 customized tasks.

ANSR July GCC PRs 50DR+

Key Benefits of Strategic Growth for Dubai

Its tactical location at the crossroads of Europe, Asia, and Africa, offers seamless connection to international markets, which allows effective circulation of products to a vast array of clients and end-users. Further, the UAE's strong logistics and infrastructure, absence of trade sanctions, and a growing variety 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 area for developing production bases.