Can the GCC Sustain Industrial Growth through 2026?

Other sectors are also being significantly emphasized to advance the country's decarbonization goals 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 varied and sustainable economy, lowering dependence on imported items while also producing tasks for both nationals and homeowners.

ANSR July GCC PRs 50DR+

As one of the world's leading 20 economies, the UAE has 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 roughly US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, putting the UAE second internationally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 new business, marking its finest very first quarter in over twenty years, with substantial registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's total number of business exceeded 24,000.8 Similarly, the Jebel Ali Free Zone supports nearly 800 production companies with tailored facilities, excellent logistics, and over 100 customized tasks.

ANSR July GCC PRs 50DR+

Key Benefits of Strategic Growth in the GCC

Its tactical area at the crossroads of Europe, Asia, and Africa, offers smooth connectivity to international markets, which enables effective distribution of items to a vast array of customers and end-users. Further, the UAE's strong logistics and facilities, lack of trade sanctions, and a growing number of open market agreements with structured, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an appealing location for establishing production bases.