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Other sectors are likewise being increasingly 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 intends to develop a more diversified and sustainable economy, reducing reliance on imported products while likewise producing 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 region. The World Investment Report 2024 by the United Nations Conference on Trade and Advancement reported that FDI streams into the UAE reached approximately US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, putting the UAE second internationally in FDI inflows.
The Advancement of Regional GBS Models in the GCCIn 2022, the Dubai Multi Commodities Center (DMCC) invited 665 new companies, marking its finest very first quarter in over 20 years, with considerable registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's overall variety of companies went beyond 24,000.8 Likewise, the Jebel Ali Free Zone supports almost 800 manufacturing companies with tailored infrastructure, excellent logistics, and over 100 customized jobs.
Its tactical place at the crossroads of Europe, Asia, and Africa, uses smooth connection to international markets, which allows effective circulation of products to a wide variety of clients and end-users. Even more, the UAE's strong logistics and facilities, absence of trade sanctions, and a growing number of open market agreements with streamlined, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an attractive location for developing manufacturing bases.
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