Will the GCC Sustain Industrial Growth through 2026?

Other sectors are also being significantly highlighted to advance the nation's decarbonization objectives 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 aims to build a more diversified and sustainable economy, minimizing dependence on imported items while also creating tasks for both nationals and locals.

ANSR July GCC PRs 50DR+

As one of the world's top 20 economies, the UAE has protected a leading position in foreign direct investment (FDI) inflows within the area. The World Financial 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, putting the UAE second worldwide in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 new companies, marking its best first quarter in over twenty years, with substantial registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's overall number of business surpassed 24,000.8 Likewise, the Jebel Ali Free Zone supports almost 800 production companies with tailored infrastructure, exceptional logistics, and over 100 personalized tasks.

ANSR July GCC PRs 50DR+

Can the GCC Sustain Industrial Growth through 2026?

Its tactical area at the crossroads of Europe, Asia, and Africa, provides smooth connectivity to worldwide markets, which enables effective distribution of products to a large variety of customers and end-users. Even more, the UAE's strong logistics and infrastructure, absence of trade sanctions, and a growing variety 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 location for developing manufacturing bases.