Comparing Industrial Strategy Frameworks across the GCC

Other sectors are likewise being significantly highlighted to advance the nation's decarbonization goals following the 28th Conference of the Parties (COP28). Low-carbon innovations, such as solar PV production, are being actively pursued. 5 By targeting these sectors, the UAE aims to construct a more diversified and sustainable economy, reducing reliance on imported products while likewise creating jobs for both nationals and homeowners.

ANSR July GCC PRs 50DR+

As one of the world's leading 20 economies, the UAE has actually 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 Advancement 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 2nd worldwide in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 brand-new companies, marking its finest first quarter in over twenty years, with significant registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's overall variety of business exceeded 24,000.8 Likewise, the Jebel Ali Free Zone supports almost 800 manufacturing firms with customized infrastructure, excellent logistics, and over 100 personalized jobs.

ANSR July GCC PRs 50DR+

Actionable Tips for Navigating the Regional Landscape

Its tactical place at the crossroads of Europe, Asia, and Africa, offers seamless connectivity to global markets, which allows efficient circulation of products to a wide variety of clients and end-users. Even more, the UAE's strong logistics and facilities, lack of trade sanctions, and a growing number of open market contracts with structured, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an appealing area for developing manufacturing bases.