Can the GCC Lead Industrial Growth through 2026?

Other sectors are likewise being progressively stressed to advance the nation'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 aims to build a more varied and sustainable economy, reducing reliance on imported products while also developing jobs for both nationals and residents.

ANSR July GCC PRs 50DR+

As one of the world's top 20 economies, the UAE has secured a leading position in foreign direct investment (FDI) inflows within the area. The World Financial Investment Report 2024 by the United Nations Conference on Trade and Advancement reported that FDI flows into the UAE reached approximately US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, putting the UAE 2nd worldwide in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 brand-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 total variety of business exceeded 24,000.8 Similarly, the Jebel Ali Free Zone supports almost 800 production firms with customized facilities, outstanding logistics, and over 100 tailored jobs.

ANSR July GCC PRs 50DR+

Achieving Process Excellence in Dubai's Industrial Landscape

Its tactical area at the crossroads of Europe, Asia, and Africa, offers seamless connectivity to worldwide markets, which allows effective circulation of products to a vast array of customers and end-users. Further, the UAE's strong logistics and infrastructure, absence of trade sanctions, and a growing variety of free trade arrangements with structured, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an attractive location for developing manufacturing bases.