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Other sectors are also being increasingly emphasized to advance the country's decarbonization objectives following the 28th Conference of the Parties (COP28). Low-carbon technologies, such as solar PV production, are being actively pursued. 5 By targeting these sectors, the UAE aims to build a more diversified and sustainable economy, minimizing reliance on imported items while also creating tasks for both nationals and residents.
As one of the world's top 20 economies, the UAE has actually secured a leading position in foreign direct investment (FDI) inflows within the region. The World 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, positioning the UAE 2nd internationally in FDI inflows.
In 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 new companies, marking its best very first quarter in over 20 years, with significant registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's overall number of companies exceeded 24,000.8 Likewise, the Jebel Ali Free Zone supports nearly 800 production firms with customized infrastructure, exceptional logistics, and over 100 customized projects.
How to Successfully Implement Advanced Strategies in 2026Its strategic location at the crossroads of Europe, Asia, and Africa, provides smooth connectivity to international markets, which makes it possible for effective distribution of products to a large range of clients and end-users. Further, the UAE's strong logistics and infrastructure, lack of trade sanctions, and a growing number of totally free trade contracts with structured, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an attractive location for developing manufacturing bases.
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