Evaluating Industrial Strategy Frameworks within the GCC

Other sectors are likewise 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 develop a more diversified and sustainable economy, minimizing reliance on imported goods while also producing jobs for both nationals and locals.

ANSR July GCC PRs 50DR+

As one of the world's leading 20 economies, the UAE has actually secured a leading position in foreign direct financial investment (FDI) inflows within the area. The World 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, placing the UAE second worldwide in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 brand-new business, marking its best first quarter in over twenty years, with substantial registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's overall variety of companies went beyond 24,000.8 Similarly, the Jebel Ali Free Zone supports almost 800 manufacturing firms with customized facilities, exceptional logistics, and over 100 tailored projects.

ANSR July GCC PRs 50DR+

How Future-Focused Strategy Reshapes the Regional Economy

Its tactical location at the crossroads of Europe, Asia, and Africa, offers seamless connectivity to international markets, which enables efficient distribution of items to a wide variety of customers and end-users. Even more, the UAE's strong logistics and facilities, absence of trade sanctions, and a growing variety of totally free trade agreements with streamlined, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an appealing place for establishing production bases.