Evaluating Industrial Strategy Models within the GCC

Other sectors are likewise being significantly highlighted to advance the nation's decarbonization goals following the 28th Conference of the Parties (COP28). Low-carbon technologies, such as solar PV manufacturing, are being actively pursued. 5 By targeting these sectors, the UAE intends to construct a more varied and sustainable economy, reducing dependence on imported products while also creating jobs for both nationals and homeowners.

ANSR July GCC PRs 50DR+

As one of the world's top 20 economies, the UAE has actually secured 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 Development reported that FDI flows into the UAE reached roughly US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, placing the UAE 2nd worldwide in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 new companies, marking its finest first quarter in over 20 years, with significant registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's total variety of companies went beyond 24,000.8 Similarly, the Jebel Ali Free Zone supports nearly 800 production companies with customized facilities, outstanding logistics, and over 100 personalized projects.

ANSR July GCC PRs 50DR+

Strategic Tips for Navigating the GCC Landscape

Its strategic location at the crossroads of Europe, Asia, and Africa, uses seamless connectivity to international markets, which makes it possible for effective distribution of items to a large range of customers and end-users. Further, the UAE's strong logistics and facilities, absence of trade sanctions, and a growing number of open market arrangements with structured, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an appealing place for developing manufacturing bases.