The UAE Drives the Future: How It Leads Arab Nations in Automotive Investment


The UAE has once again proven its leadership in the global automotive sector by attracting a staggering 145 foreign automotive projects in 2024, with a total value surpassing $22 billion. The country has not only topped the Arab list but also positioned itself as the best and most attractive destination for investment and business in the automotive industry. According to the Arab Investment and Export Credit Guarantee Corporation (Dhaman), this achievement highlights the UAE’s growing influence and status in the global marketplace.

The report, which covers data from 2003 to 2024, reveals that five Arab nations—Saudi Arabia, Morocco, the UAE, Algeria, and Egypt—have secured 145 foreign automotive projects, accounting for 79% of the total. These projects are valued at more than $22 billion, representing 89% of the total investment in the Arab world. But the most significant takeaway is the fact that these ventures have generated over 91,000 new jobs, with the UAE playing a central role.

With its strong business environment, world-class infrastructure, and strategic positioning, the UAE has been able to attract major global automotive players. China, in particular, has been a key investor, accounting for 27 projects worth $8 billion and creating around 20,000 new jobs. These investments underscore the UAE’s growing stature as a critical hub for automotive innovation and sales in the Middle East.

The Gulf countries, led by the UAE, have consistently been the preferred destination for foreign automotive investments in the Arab region, followed closely by Saudi Arabia. These nations’ continued focus on modernization and their commitment to creating a business-friendly environment have proven essential in driving this significant growth in the sector.

For the UAE, this is not just about attracting investments; it's also about shaping the future of the automotive industry. With a clear vision for growth and a strategic approach to diversifying its economy, the UAE is setting itself up to lead in the development of the automotive sector, contributing to job creation, technology innovation, and sustainable growth.

In conclusion, the UAE’s dominance in attracting foreign automotive projects in 2024 highlights its crucial role in the Arab world’s economic landscape. As the country continues to drive forward with groundbreaking projects and investments, it remains the shining example of what a forward-thinking, dynamic economy can achieve.

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