Comparing Industrial Strategy Frameworks within the GCC

Other sectors are also being progressively 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 intends to build a more diversified and sustainable economy, decreasing dependence on imported goods while also developing tasks for both nationals and locals.

ANSR July GCC PRs 50DR+

As one of the world's top 20 economies, the UAE has secured a leading position in foreign direct financial 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 second globally in FDI inflows.

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

ANSR July GCC PRs 50DR+

Leveraging Market Research to Effectively Drive Operational Growth

Its tactical area at the crossroads of Europe, Asia, and Africa, uses seamless connection to international markets, which enables effective circulation of items to a vast array of customers and end-users. Even more, the UAE's strong logistics and infrastructure, lack of trade sanctions, and a growing number of totally free trade contracts 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.