Will the GCC Sustain Industrial Growth through 2026?

Other sectors are also being significantly emphasized to advance the nation'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 construct a more varied and sustainable economy, lowering dependence on imported goods while also producing tasks for both nationals and residents.

ANSR July GCC PRs 50DR+

As one of the world's top 20 economies, the UAE has protected 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 streams into the UAE reached roughly US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, placing the UAE 2nd internationally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 new business, marking its best very 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 went beyond 24,000.8 Likewise, the Jebel Ali Free Zone supports almost 800 manufacturing firms with tailored infrastructure, excellent logistics, and over 100 tailored tasks.

ANSR July GCC PRs 50DR+

Boosting Dubai Industrial Growth via Operational Excellence

Its strategic place at the crossroads of Europe, Asia, and Africa, provides seamless connection to international markets, which makes it possible for effective circulation of items to a vast array of customers and end-users. Further, the UAE's strong logistics and facilities, lack of trade sanctions, and a growing number of open market agreements with structured, 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.