Will Dubai 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 Parties (COP28). Low-carbon innovations, 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, minimizing dependence on imported items while likewise developing jobs for both nationals and locals.

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 area. The World 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, putting the UAE 2nd globally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 new companies, marking its finest first quarter in over twenty years, with considerable registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's overall variety of companies exceeded 24,000.8 Likewise, the Jebel Ali Free Zone supports nearly 800 production firms with customized facilities, outstanding logistics, and over 100 personalized projects.

ANSR July GCC PRs 50DR+

Key Benefits of Strategic Growth in the GCC

Its strategic location at the crossroads of Europe, Asia, and Africa, provides seamless connectivity to worldwide markets, which makes it possible for effective circulation of items to a wide variety of consumers and end-users. Further, the UAE's strong logistics and facilities, lack of trade sanctions, and a growing number of complimentary trade contracts with streamlined, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an appealing area for developing manufacturing bases.