The Benefits of Industrial Growth for the GCC

Other sectors are likewise being progressively stressed to advance the nation's decarbonization goals following the 28th Conference of the Parties (COP28). Low-carbon technologies, such as solar PV manufacturing, are being actively pursued. 5 By targeting these sectors, the UAE aims to develop a more diversified and sustainable economy, decreasing dependence on imported items while likewise producing jobs for both nationals and homeowners.

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 investment (FDI) inflows within the region. The World Investment Report 2024 by the United Nations Conference on Trade and Advancement reported that FDI flows into the UAE reached around US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, placing the UAE second internationally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 brand-new companies, marking its best first quarter in over twenty years, with significant registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's overall variety of companies surpassed 24,000.8 Similarly, the Jebel Ali Free Zone supports nearly 800 production companies with customized facilities, outstanding logistics, and over 100 customized projects.

ANSR July GCC PRs 50DR+

Leveraging GCC Research to Effectively Drive Strategic Growth

Its strategic area at the crossroads of Europe, Asia, and Africa, provides smooth connectivity to worldwide markets, which enables effective distribution of products to a large range of consumers and end-users. Further, the UAE's strong logistics and infrastructure, lack of trade sanctions, and a growing number of free 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 establishing production bases.