Page 42 - SLC PR REPORT - OCTOBER 2024

10/31/24, 9:30 AM PRESSR: Ministry of Economy and SLC sign MoU to strengthen legal and institutional cooperation — TradingView News
H.E. Al Saleh stated: “Under the guidance of our wise leadership, the UAE

has placed high priority on adopting international best practices and

forging partnerships with global entities and organisations to build a
comprehensive economic legislative framework, supervised by the General

Secretariat of the Cabinet. This framework has led to the development and

issuance of over 30 legislations and resolutions in the past four years.”

HE added: “Our collaboration with the SLC offers promising opportunities

for the sustaining the UAE’s legislative development process. This

partnership strengthens our collective expertise and knowledge exchange,
enhancing the competitiveness of the national business landscape. It also

reaffirms the UAE's commitment to achieving global leadership in

formulating proactive legislation for emerging economic sectors, in line

with the goals outlined in the ‘We the UAE 2031’ vision.”

H.E. Ahmad bin Meshar Al Muhairi commented: “Signing the MoU with the

MOEC is a significant step towards strengthening collaboration with federal
and local government entities. This MoU reflects our commitment to

building a more flexible and sustainable legislative ecosystem, providing a

robust framework that supports national economic growth and aligns

seamlessly with the UAE’s strategic goals. The MoU underscores our

dedication to expanding institutional collaboration, recognising the critical

importance joint efforts in developing and future-proofing the legislative
system.”

The MoU will promote effective implementation of legislation by

facilitating knowledge and expertise exchange, and holding joint

workshops and training courses to enhance legal skills. The MoU also

ensures new legislation is shared with the MOEC through official channels,

along with its English translation.

Under the MoU, the MOEC and SLC will conduct joint research on existing

legal issues, organise meetings to discuss critical topics of mutual interest,

https://www.tradingview.com/news/reuters.com,2024-10-29:newsml_ZawGCGHD:0-pressr-ministry-of-economy-and-slc-sign-mou-to-strengthen-legal-… 2/3