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Other sectors are also being progressively stressed to advance the country's decarbonization objectives 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 build a more diversified and sustainable economy, reducing dependence on imported items while also developing jobs for both nationals and citizens.
As one of the world's leading 20 economies, the UAE has protected a leading position in foreign direct investment (FDI) inflows within the area. The World Financial Investment Report 2024 by the United Nations Conference on Trade and Development reported that FDI streams into the UAE reached around US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, placing the UAE 2nd internationally in FDI inflows.
Corporate Strategy for Regional SuccessIn 2022, the Dubai Multi Commodities Center (DMCC) invited 665 new companies, marking its best very 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 exceeded 24,000.8 Likewise, the Jebel Ali Free Zone supports nearly 800 manufacturing firms with tailored facilities, outstanding logistics, and over 100 tailored jobs.
Corporate Strategy for Regional SuccessIts strategic location at the crossroads of Europe, Asia, and Africa, uses smooth connectivity to global markets, which makes it possible for efficient circulation of products to a wide variety of consumers and end-users. Even more, the UAE's strong logistics and facilities, lack of trade sanctions, and a growing variety of totally free trade contracts with streamlined, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an attractive location for developing production bases.
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