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Other sectors are likewise being progressively highlighted to advance the country's decarbonization objectives following the 28th Conference of the Celebrations (COP28). Low-carbon innovations, such as solar PV production, are being actively pursued. 5 By targeting these sectors, the UAE intends to build a more varied and sustainable economy, lowering reliance on imported items while also developing tasks 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 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, positioning the UAE 2nd worldwide in FDI inflows.
Connecting Policy With Operational Excellence Across the Middle EastIn 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 new companies, marking its best very first quarter in over twenty years, with considerable registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's total variety of business exceeded 24,000.8 Likewise, the Jebel Ali Free Zone supports almost 800 manufacturing companies with customized facilities, outstanding logistics, and over 100 tailored projects.
Its tactical location at the crossroads of Europe, Asia, and Africa, provides smooth connection to global markets, which makes it possible for efficient circulation of items to a wide variety of customers and end-users. Even more, the UAE's strong logistics and infrastructure, lack of trade sanctions, and a growing variety of open market contracts with structured, duty-free access to Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) markets, make it an appealing place for developing manufacturing bases.
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