Actionable Tips for Navigating the GCC Landscape

Other sectors are also being increasingly emphasized to advance the nation'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 intends to construct a more varied and sustainable economy, reducing reliance on imported items while likewise creating jobs for both nationals and locals.

ANSR July GCC PRs 50DR+

As one of the world's top 20 economies, the UAE has secured a leading position in foreign direct financial 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 roughly 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 brand-new companies, marking its best first quarter in over twenty years, with substantial registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's overall number of business surpassed 24,000.8 Similarly, the Jebel Ali Free Zone supports almost 800 manufacturing firms with customized facilities, excellent logistics, and over 100 tailored projects.

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Will the GCC Sustain Industrial Growth through 2026?

Its tactical place at the crossroads of Europe, Asia, and Africa, provides smooth connectivity to global markets, which enables efficient circulation of items to a large range of customers and end-users. Further, the UAE's strong logistics and infrastructure, lack of trade sanctions, and a growing number of free trade agreements with structured, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an attractive location for developing manufacturing bases.