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Other sectors are likewise being progressively emphasized to advance the nation's decarbonization objectives following the 28th Conference of the Parties (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 varied and sustainable economy, reducing dependence on imported products while also developing jobs for both nationals and citizens.
As one of the world's top 20 economies, the UAE has protected 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 Development 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 internationally in FDI inflows.
In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 new companies, marking its best first quarter in over 20 years, with significant registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's overall variety of companies went beyond 24,000.8 Likewise, the Jebel Ali Free Zone supports almost 800 manufacturing companies with tailored facilities, outstanding logistics, and over 100 tailored jobs.
Essential Tips for Driving Dubai Industrial GrowthIts strategic place at the crossroads of Europe, Asia, and Africa, offers smooth connectivity to international markets, which makes it possible for effective distribution of products to a large range of clients and end-users. Even more, the UAE's strong logistics and facilities, absence 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 attractive location for establishing production bases.
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