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Other sectors are likewise being increasingly highlighted to advance the country'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 develop a more diversified and sustainable economy, decreasing reliance on imported products while also developing tasks for both nationals and residents.
As one of the world's leading 20 economies, the UAE has actually secured a leading position in foreign direct investment (FDI) inflows within the region. The World Investment Report 2024 by the United Nations Conference on Trade and Advancement reported that FDI streams into the UAE reached approximately US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, putting the UAE 2nd worldwide in FDI inflows.
In 2022, the Dubai Multi Commodities Center (DMCC) welcomed 665 new business, marking its best very first quarter in over 20 years, with considerable registrations from China, India, the UK, Germany, and France. 7 By 2023, the DMCC's total variety of business surpassed 24,000.8 Similarly, the Jebel Ali Free Zone supports nearly 800 production firms with tailored infrastructure, outstanding logistics, and over 100 customized jobs.
Its tactical place at the crossroads of Europe, Asia, and Africa, provides smooth connection to worldwide markets, which allows efficient circulation of items to a vast array of customers and end-users. Even more, the UAE's strong logistics and infrastructure, absence of trade sanctions, and a growing variety of complimentary trade agreements with streamlined, 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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