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Other sectors are also being increasingly stressed to advance the country's decarbonization goals following the 28th Conference of the Parties (COP28). Low-carbon innovations, such as solar PV manufacturing, are being actively pursued. 5 By targeting these sectors, the UAE aims to develop a more diversified and sustainable economy, minimizing dependence on imported products while also developing tasks for both nationals and locals.
As one of the world's leading 20 economies, the UAE has protected 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 streams 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.
The Comprehensive Guide to GCC Industrial Success in 2026In 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 brand-new business, marking its finest very first quarter in over 20 years, with considerable registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's overall variety of companies exceeded 24,000.8 Likewise, the Jebel Ali Free Zone supports nearly 800 manufacturing companies with tailored infrastructure, excellent logistics, and over 100 customized projects.
Its strategic place at the crossroads of Europe, Asia, and Africa, uses seamless connection to global markets, which enables effective circulation of items to a large range of customers and end-users. Further, the UAE's strong logistics and infrastructure, absence of trade sanctions, and a growing number of complimentary trade contracts with streamlined, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an attractive area for establishing production bases.
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