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Other sectors are also being increasingly highlighted 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 intends to develop a more varied and sustainable economy, minimizing dependence on imported items while also creating jobs for both nationals and residents.
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 region. The World Investment Report 2024 by the United Nations Conference on Trade and Advancement reported that FDI flows into the UAE reached around US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, putting the UAE second globally in FDI inflows.
Is Your Shared Service Center Genuinely Including Value?In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 brand-new business, marking its best first quarter in over 20 years, with substantial registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's overall variety of business exceeded 24,000.8 Similarly, the Jebel Ali Free Zone supports almost 800 production companies with customized infrastructure, exceptional logistics, and over 100 customized tasks.
Is Your Shared Service Center Genuinely Including Value?Its tactical place at the crossroads of Europe, Asia, and Africa, uses seamless connectivity to worldwide markets, which allows effective distribution of items to a broad variety of clients and end-users. Even more, the UAE's strong logistics and facilities, lack of trade sanctions, and a growing variety of open market contracts 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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