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Other sectors are also being progressively stressed to advance the nation's decarbonization goals 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 aims to develop a more diversified and sustainable economy, reducing dependence on imported goods while also creating jobs for both nationals and homeowners.
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 Investment Report 2024 by the United Nations Conference on Trade and Development reported that FDI streams into the UAE reached roughly US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, positioning the UAE second worldwide in FDI inflows.
In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 new business, marking its best first quarter in over 20 years, with significant registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's total number of companies went beyond 24,000.8 Similarly, the Jebel Ali Free Zone supports nearly 800 manufacturing firms with customized infrastructure, excellent logistics, and over 100 personalized jobs.
Creating a High-Performance Culture in the UAE for 2026Its strategic place at the crossroads of Europe, Asia, and Africa, uses seamless connection to global markets, which makes it possible for effective circulation of items to a wide variety of consumers and end-users. Even more, the UAE's strong logistics and facilities, lack of trade sanctions, and a growing number of open market arrangements with streamlined, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an appealing place for developing production bases.
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