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Other sectors are likewise being significantly emphasized to advance the country's decarbonization objectives following the 28th Conference of the Celebrations (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 varied and sustainable economy, decreasing reliance on imported items while also creating tasks for both nationals and locals.
As one of the world's top 20 economies, the UAE has 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 Advancement reported that FDI streams into the UAE reached approximately US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, placing the UAE 2nd internationally in FDI inflows.
How to Succeed in Saudi Arabia's Competitive Center LandscapeIn 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 new companies, marking its best very first quarter in over 20 years, with considerable registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's total number of business surpassed 24,000.8 Similarly, the Jebel Ali Free Zone supports almost 800 production firms with customized facilities, exceptional logistics, and over 100 customized jobs.
Its tactical place at the crossroads of Europe, Asia, and Africa, offers seamless connection to worldwide markets, which allows effective circulation of products to a large range of clients and end-users. Further, the UAE's strong logistics and infrastructure, lack of trade sanctions, and a growing variety of totally free trade arrangements with streamlined, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an attractive place for establishing manufacturing bases.
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