Driving Regional Industrial Growth via Operational Excellence

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 production, are being actively pursued. 5 By targeting these sectors, the UAE intends to build a more diversified and sustainable economy, lowering reliance on imported goods while likewise producing jobs for both nationals and locals.

ANSR July GCC PRs 50DR+

As one of the world's top 20 economies, the UAE has protected a leading position in foreign direct investment (FDI) inflows within the region. The World Financial Investment Report 2024 by the United Nations Conference on Trade and Development reported that FDI flows into the UAE reached around US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, placing the UAE second worldwide in FDI inflows.

In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 new companies, marking its finest first quarter in over 20 years, with significant registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's total variety of business went beyond 24,000.8 Similarly, the Jebel Ali Free Zone supports nearly 800 production companies with customized infrastructure, exceptional logistics, and over 100 personalized tasks.

ANSR July GCC PRs 50DR+

The Benefits of Industrial Excellence for the GCC

Its tactical location at the crossroads of Europe, Asia, and Africa, provides seamless connection to international markets, which makes it possible for effective circulation of products to a large range of consumers and end-users. Further, the UAE's strong logistics and infrastructure, absence of trade sanctions, and a growing number of totally free trade agreements with streamlined, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an appealing area for establishing production bases.