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Other sectors are likewise being increasingly emphasized to advance the nation's decarbonization objectives 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 build a more diversified and sustainable economy, lowering reliance on imported goods while also producing jobs for both nationals and residents.
As one of the world's leading 20 economies, the UAE has secured 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 approximately US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, positioning the UAE 2nd worldwide in FDI inflows.
Driving Growth Through Centralized Gulf Shared Service ModelsIn 2022, the Dubai Multi Commodities Center (DMCC) invited 665 brand-new companies, marking its best very first quarter in over twenty years, with substantial registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's total variety of companies went beyond 24,000.8 Similarly, the Jebel Ali Free Zone supports almost 800 manufacturing companies with tailored infrastructure, exceptional logistics, and over 100 personalized jobs.
Driving Growth Through Centralized Gulf Shared Service ModelsIts tactical area at the crossroads of Europe, Asia, and Africa, offers smooth connectivity to international markets, which makes it possible for efficient distribution 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 open market agreements with streamlined, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an appealing location for establishing manufacturing bases.
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