Comparing Industrial Strategy Frameworks within the GCC

Other sectors are also being significantly highlighted to advance the country's decarbonization objectives following the 28th Conference of the Parties (COP28). Low-carbon innovations, such as solar PV manufacturing, are being actively pursued. 5 By targeting these sectors, the UAE intends to build a more diversified and sustainable economy, lowering reliance on imported products while likewise creating jobs for both nationals and residents.

ANSR July GCC PRs 50DR+

As one of the world's top 20 economies, the UAE has actually protected a leading position in foreign direct investment (FDI) inflows within the region. The World Financial Investment Report 2024 by the United Nations Conference on Trade and Advancement reported that FDI flows into the UAE reached roughly US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, positioning the UAE second internationally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 new business, marking its best very first quarter in over 20 years, with substantial registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's total number of business exceeded 24,000.8 Similarly, the Jebel Ali Free Zone supports almost 800 production firms with tailored facilities, outstanding logistics, and over 100 customized projects.

ANSR July GCC PRs 50DR+

Evaluating Corporate Strategy Models within the GCC

Its tactical area at the crossroads of Europe, Asia, and Africa, offers smooth connectivity to worldwide markets, which enables effective distribution of products to a large range 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 structured, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an appealing area for establishing manufacturing bases.