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Other sectors are also being progressively stressed to advance the country's decarbonization objectives following the 28th Conference of the Parties (COP28). Low-carbon technologies, such as solar PV production, are being actively pursued. 5 By targeting these sectors, the UAE aims to build a more diversified and sustainable economy, reducing reliance on imported products while also creating tasks for both nationals and residents.
As one of the world's top 20 economies, the UAE has protected a leading position in foreign direct financial 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 around US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, placing the UAE second worldwide in FDI inflows.
Advanced Planning for Middle East LeadershipIn 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 new business, 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 overall number of business went beyond 24,000.8 Likewise, the Jebel Ali Free Zone supports almost 800 manufacturing firms with tailored infrastructure, outstanding logistics, and over 100 customized tasks.
Its strategic area at the crossroads of Europe, Asia, and Africa, offers smooth connection to worldwide markets, which allows effective distribution of products to a vast array of consumers and end-users. Even more, the UAE's strong logistics and infrastructure, absence of trade sanctions, and a growing number of open market agreements with structured, 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.
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