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Other sectors are also being increasingly emphasized to advance the nation's decarbonization objectives following the 28th Conference of the Celebrations (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 reliance on imported items while likewise developing tasks for both nationals and locals.
As one of the world's leading 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 around US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, putting the UAE second internationally in FDI inflows.
A Strategic Guide to GCC Industrial Success in 2026In 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 brand-new business, marking its best first quarter in over 20 years, with substantial registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's overall number of companies went beyond 24,000.8 Similarly, the Jebel Ali Free Zone supports almost 800 manufacturing firms with customized facilities, outstanding logistics, and over 100 customized projects.
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 wide variety of consumers and end-users. Further, the UAE's strong logistics and facilities, lack 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 attractive place for developing production bases.
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