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Other sectors are likewise being significantly emphasized to advance the country's decarbonization objectives following the 28th Conference of the Celebrations (COP28). Low-carbon technologies, such as solar PV manufacturing, are being actively pursued. 5 By targeting these sectors, the UAE intends to build a more diversified and sustainable economy, lowering dependence on imported products while also producing jobs for both nationals and locals.

As one of the world's leading 20 economies, the UAE has protected a leading position in foreign direct financial investment (FDI) inflows within the area. The World Investment Report 2024 by the United Nations Conference on Trade and Development 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.
Accelerating Dubai Industrial Expansion through InnovationIn 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 new business, marking its best first quarter in over 20 years, with substantial 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 production companies with tailored infrastructure, excellent logistics, and over 100 personalized tasks.

Its strategic place at the crossroads of Europe, Asia, and Africa, provides smooth connectivity to worldwide markets, which enables effective distribution of products to a wide variety of customers and end-users. Even more, the UAE's strong logistics and infrastructure, lack of trade sanctions, and a growing variety of complimentary trade agreements with structured, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an attractive place for developing manufacturing bases.
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