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Other sectors are likewise being progressively highlighted to advance the country'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 construct a more diversified and sustainable economy, lowering reliance on imported goods while likewise developing jobs for both nationals and citizens.
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 Investment Report 2024 by the United Nations Conference on Trade and Advancement 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 globally in FDI inflows.
In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 brand-new business, marking its best first quarter in over twenty years, with significant registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's overall variety of companies exceeded 24,000.8 Similarly, the Jebel Ali Free Zone supports almost 800 production companies with tailored facilities, outstanding logistics, and over 100 personalized jobs.
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Its strategic place at the crossroads of Europe, Asia, and Africa, offers smooth connectivity to global markets, which allows efficient distribution of items to a vast array of consumers and end-users. Even more, the UAE's strong logistics and facilities, absence of trade sanctions, and a growing variety of complimentary trade 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 establishing manufacturing bases.
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