Comparing Industrial Strategy Models across the GCC

Other sectors are likewise being increasingly highlighted to advance the nation's decarbonization goals following the 28th Conference of the Parties (COP28). Low-carbon technologies, such as solar PV production, are being actively pursued. 5 By targeting these sectors, the UAE aims to construct a more diversified and sustainable economy, minimizing reliance on imported items while also creating tasks for both nationals and homeowners.

ANSR July GCC PRs 50DR+

As one of the world's top 20 economies, the UAE has actually secured 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 Development reported that FDI flows into the UAE reached approximately US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, placing the UAE 2nd globally in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 brand-new business, marking its finest first quarter in over twenty years, with considerable registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's overall number of companies went beyond 24,000.8 Likewise, the Jebel Ali Free Zone supports almost 800 manufacturing firms with customized facilities, excellent logistics, and over 100 customized jobs.

ANSR July GCC PRs 50DR+

Will the GCC Sustain Industrial Growth during 2026?

Its tactical location at the crossroads of Europe, Asia, and Africa, provides smooth connectivity to international markets, which makes it possible for effective distribution of products to a wide variety of clients and end-users. Further, the UAE's strong logistics and facilities, lack of trade sanctions, and a growing variety of open market agreements with structured, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an appealing place for developing manufacturing bases.