Page 232 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)

driven by shifts in trade, geopolitical realignments, technological revolutions, and societal
expectations. These changes offer rare windows of opportunity.”

He affirmed the UAE’s proactive approach under the leadership of President His Highness Sheikh
Mohamed bin Zayed Al Nahyan, saying, “We are fully committed to economic diversification,
innovation, and global competitiveness. From smart infrastructure and AI to sustainable finance
and forward-looking education, we are building the pillars of future growth.”

Sheikh Nahyan went on to stress regional integration, stating, “Now is the time to transform our
regional ties into corridors of collaboration and opportunity. We must harmonise digital trade
regulations, invest in green infrastructure, nurture entrepreneurs, and align our innovation and
education systems. By working together, we can ensure that the Middle East is not only resilient,
but energised with new possibilities.”

He concluded, “‘Bridging Sectors, Building Economic Growth’ is not just a slogan, it is a mission. Let
us invest boldly, collaborate openly, and build a sustainable, inclusive economic future for our
region.”
Abdulla bin Touq Al Marri, Minister of Economy, delivered the opening remarks and shared the
UAE's perspective on navigating the global economy. “The global economic landscape in 2025 is
marked by heightened uncertainty. The IMF's latest World Economic Outlook projects global growth
at 2.8 percent and this year at 3 percent next year,” the minister said.

Al Marri explained that the slower-than-usual growth is primarily due to escalating trade tensions
and persistent policy uncertainty. He also mentioned the resurgence of protectionist policies, most
notably the recent US tariff hikes, which have disrupted trade flows, eroded business confidence,
and delayed investments.

He added, “Our approach is rooted in the belief that economic prosperity is achieved through
cooperation, not isolation. By building bridges, we aim to create a more inclusive and sustainable
global economy. Our Comprehensive Economic Partnership Agreements (CEPAs) with countries
across Asia, Europe, and Africa reflect this commitment, expanding our market access,
strengthening supply chains, and accelerating investment flows. These agreements have not only
diversified our economic partnerships but have also bolstered our resilience against external
shocks. As a result, we expect the impact of recent U.S. tariffs on the UAE economy to remain
limited.”
Salem Al Darei, CEO of ADGM Authority, said, “As an official partner of the Economy Middle East
Summit, we are pleased to have been part of this platform that brought together influential voices
from across the region. The event not only provided an invaluable opportunity for industry experts
and leaders to engage in meaningful discussions, but also an opportunity for the ecosystem to
listen to and connect on matters that are important for fostering innovation and driving sustainable
economic growth.”

“ADGM remains committed to contributing towards a prosperous and sustainable economy by
fostering innovation, enabling business growth, and strengthening collaboration between public
and private sectors. Through strategic initiatives like these, ADGM continues to play a vital role in
shaping the region’s economic future,” he added.

https://www.wam.ae/en/article/bjoqr21-nahyan-bin-mubarak-opens-economy-middle-east