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Other sectors are also being significantly stressed to advance the country'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 build a more diversified and sustainable economy, minimizing dependence on imported goods while likewise producing tasks for both nationals and locals.
As one of the world's leading 20 economies, the UAE has secured 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 Advancement 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 globally in FDI inflows.
Is Your Saudi Entry Strategy Ready for New Industrial Hubs?In 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 new companies, marking its finest first quarter in over twenty years, with significant registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's overall variety of business went beyond 24,000.8 Likewise, the Jebel Ali Free Zone supports nearly 800 manufacturing companies with tailored infrastructure, exceptional logistics, and over 100 tailored tasks.
Is Your Saudi Entry Strategy Ready for New Industrial Hubs?Its tactical area at the crossroads of Europe, Asia, and Africa, provides seamless connection to global markets, which allows effective circulation of products to a large range of consumers and end-users. Even more, the UAE's strong logistics and infrastructure, lack of trade sanctions, and a growing number 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 production bases.
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