Key Benefits of Industrial Growth for the GCC

Other sectors are also being increasingly stressed to advance the country's decarbonization goals 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 construct a more varied and sustainable economy, minimizing dependence on imported items while also producing tasks for both nationals and residents.

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 area. The World Investment Report 2024 by the United Nations Conference on Trade and Advancement reported that FDI streams into the UAE reached roughly US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, positioning the UAE 2nd internationally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 brand-new companies, marking its finest first quarter in over 20 years, with considerable registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's overall variety of companies exceeded 24,000.8 Similarly, the Jebel Ali Free Zone supports nearly 800 production firms with tailored facilities, exceptional logistics, and over 100 tailored jobs.

ANSR July GCC PRs 50DR+

Unlocking Operational Excellence in the Industrial Sector

Its tactical area at the crossroads of Europe, Asia, and Africa, uses smooth connection to global markets, which makes it possible for effective circulation of items 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 variety 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 attractive location for developing manufacturing bases.