Evaluating Industrial Strategy Models within the GCC

Other sectors are also being increasingly highlighted to advance the country's decarbonization objectives following the 28th Conference of the Celebrations (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, reducing dependence on imported goods while likewise developing tasks for both nationals and locals.

ANSR July GCC PRs 50DR+

As one of the world's leading 20 economies, the UAE has actually protected a leading position in foreign direct investment (FDI) inflows within the region. The World Financial Investment Report 2024 by the United Nations Conference on Trade and Development 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 2nd worldwide in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 brand-new companies, marking its best very first quarter in over 20 years, with significant registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's overall number of business surpassed 24,000.8 Likewise, the Jebel Ali Free Zone supports nearly 800 production firms with tailored infrastructure, outstanding logistics, and over 100 tailored projects.

ANSR July GCC PRs 50DR+

How Future-Focused Strategy Reshapes the GCC Economy

Its tactical place at the crossroads of Europe, Asia, and Africa, uses smooth connection to international markets, which allows efficient circulation of products to a wide variety of customers and end-users. Even more, the UAE's strong logistics and infrastructure, absence of trade sanctions, and a growing number of free trade contracts with structured, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an appealing location for developing production bases.