Comparing Industrial Strategy Models within the GCC

Other sectors are also being increasingly highlighted 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 intends to build a more diversified and sustainable economy, lowering reliance on imported items while likewise creating 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 financial investment (FDI) inflows within the region. The World Financial 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) welcomed 665 brand-new companies, marking its finest 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 number of companies exceeded 24,000.8 Similarly, the Jebel Ali Free Zone supports nearly 800 production companies with customized infrastructure, outstanding logistics, and over 100 customized tasks.

ANSR July GCC PRs 50DR+

Leveraging Market Research to Effectively Drive Operational Growth

Its tactical area at the crossroads of Europe, Asia, and Africa, uses smooth connection to global markets, which makes it possible for efficient circulation of items to a wide variety of clients and end-users. Even more, the UAE's strong logistics and infrastructure, absence of trade sanctions, and a growing number of totally free trade contracts with streamlined, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an appealing place for establishing manufacturing bases.