Comparing Industrial Strategy Frameworks within 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 technologies, 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, decreasing dependence on imported goods while also creating jobs for both nationals and citizens.

ANSR July GCC PRs 50DR+

As one of the world's top 20 economies, the UAE has actually protected a leading position in foreign direct financial 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, placing the UAE second worldwide in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 new companies, marking its best first quarter in over 20 years, with significant registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's total number of companies went beyond 24,000.8 Similarly, the Jebel Ali Free Zone supports nearly 800 manufacturing companies with tailored infrastructure, exceptional logistics, and over 100 tailored projects.

ANSR July GCC PRs 50DR+

Boosting Regional Industrial Expansion via Operational Excellence

Its tactical place at the crossroads of Europe, Asia, and Africa, provides seamless connectivity to global markets, which enables effective circulation of items to a large range of consumers and end-users. Even more, the UAE's strong logistics and facilities, absence of trade sanctions, and a growing number of open market arrangements 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.