Page 53 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)

Press Release

The meeting forms part of ICA's efforts to extend its activities in the Middle East, particularly in
light of the United Nations' declaration of 2025 as the Year of Cooperatives in July. The UAE is
considered a prominent model for the sector’s development in the region.

The International Cooperative Alliance, founded in 1895, is one of the oldest non-governmental
organisations globally. It functions as the supreme authority that represents cooperatives, boasting
a membership of approximately one billion members from over 105 nations and more than 300
cooperative associations. ICA coordinates global endeavours for the development of the
cooperative sector ensuring its sustainability, given the sector’s key role in the growth of national
economies.

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