Key Benefits of Industrial Growth for the GCC

Other sectors are also being significantly stressed to advance the nation's decarbonization goals following the 28th Conference of the Celebrations (COP28). Low-carbon innovations, such as solar PV production, are being actively pursued. 5 By targeting these sectors, the UAE aims to build a more varied and sustainable economy, lowering reliance on imported items while also producing jobs for both nationals and citizens.

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 area. The World Financial Investment Report 2024 by the United Nations Conference on Trade and Development reported that FDI streams into the UAE reached around 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 new business, marking its finest first quarter in over twenty years, with substantial registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's total variety of companies exceeded 24,000.8 Similarly, the Jebel Ali Free Zone supports almost 800 manufacturing companies with tailored facilities, exceptional logistics, and over 100 tailored jobs.

ANSR July GCC PRs 50DR+

Key Benefits of Strategic Excellence for Dubai

Its strategic place at the crossroads of Europe, Asia, and Africa, offers smooth connectivity to international markets, which enables efficient distribution of products to a wide variety of clients and end-users. Further, the UAE's strong logistics and infrastructure, absence of trade sanctions, and a growing number of open market arrangements 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 manufacturing bases.