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Other sectors are also being significantly highlighted to advance the country's decarbonization objectives following the 28th Conference of the Celebrations (COP28). Low-carbon innovations, such as solar PV manufacturing, are being actively pursued. 5 By targeting these sectors, the UAE intends to develop a more varied and sustainable economy, reducing dependence on imported items while also creating tasks for both nationals and residents.

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 Advancement reported that FDI streams into the UAE reached roughly US$ 30.69 billion in 2023, up from US$ 22.74 billion in 2022, placing the UAE second worldwide in FDI inflows.
In 2022, the Dubai Multi Commodities Center (DMCC) invited 665 new companies, marking its finest first quarter in over 20 years, with substantial registrations from China, India, the United Kingdom, Germany, and France. 7 By 2023, the DMCC's overall variety of business went beyond 24,000.8 Similarly, the Jebel Ali Free Zone supports almost 800 production firms with tailored infrastructure, excellent logistics, and over 100 customized projects.

Its strategic place at the crossroads of Europe, Asia, and Africa, provides seamless connection to international markets, which makes it possible for efficient circulation of items to a large range of consumers and end-users. Even more, the UAE's strong logistics and facilities, lack 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 appealing place for developing production bases.
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