Page 196 - MOET ENGLISH PR REPORT - OCTOBER 2025 (Part 1)

11/3/25, 4:19 PM Latest News
Marta Blanco, President of the International Relations Committee of the Spanish Confederation of Business
Organisation (CEOE) and BAB co-chair; as well as representatives from the public and private sectors and

specialized institutions involved in development activities across the Middle East, Africa, and OECD
countries.

Government policies supporting private sector innovation
H.E. Bin Touq emphasised that thanks to the vision of our wise leadership, the UAE today boasts an

advanced and pioneering legislative and economic environment. In recent years, the country has witnessed
transformative developments in economic policies and legislations, enhancing its competitiveness and

attractiveness for investment, talent, and entrepreneurial projects. These policies place people at the core of
our strategy, which is why we carefully align public investment and government policies with innovation
driven by businesses and the private sector in key sectors such as AI, health, space, agrifood, clean energy,

and fintech.
Economic legislation driving expansion in new economy sectors

His Excellency explained that over the past five years, the UAE has introduced more than 35 economic laws,
policies, and decisions, including 10 landmark legislations in new economy sectors. These measures have
fostered a flexible and competitive economic environment that supports future trends and new economy

projects. He highlighted that these legislative advancements were established in alignment with the national
objective of positioning the UAE as the global leader in the development of proactive legislation for emerging

economic sectors by the next decade, in line with the ‘We the UAE 2031’ vision.
Economic diversification driven by knowledge and sustainability

H.E. Bin Touq continued: “The non-oil sectors accounted for over 77 per cent of GDP in Q1 2025. Recently,
we launched the Green Innovation District at Expo City Dubai, designed to redefine industrial development

by integrating economic growth with environmental sustainability and social responsibility. The initiative
highlights the strength of the UAE’s economic diversification driven by innovation and knowledge and
underscores the balance of the country’s economic structure and its alignment with global sustainability

standards.” His Excellency added that sustainability remains a key pillar of economic competitiveness, with
climate-smart practices being embedded across tourism, industry, logistics, and finance sectors.

Successful institutional cooperation with OECD
H.E. Bin Touq stated: “The collaboration between the UAE and OECD serves as a model for effective

institutional partnership. This collaboration has given rise to a series of joint projects and initiatives aimed at
promoting inclusive and sustainable economic growth. We look forward to further strengthening cooperation

with the OECD and our regional partners to help build an integrated, leading economic ecosystem that
fosters growth and fair competitiveness based on innovation and sustainability.”
H.E. highlighted that the MENA region is experiencing accelerated growth across several key economic and

tourism sectors. Inbound tourism to the region increased by 32 per cent compared with the pre-2019 levels,
while the growth in the industrial sector is driven by major projects and technology partnerships,

strengthening the new and circular economy sectors. In the field of entrepreneurship, regional business

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