Page 41 - MOET ENGLISH PR REPORT - OCTOBER 2025 (Part 1)

Press Release

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 incubators serve as strong support platforms for various
categories, empowering women and youth in this vital field.
Developing practical solutions that support priority sectors

Her Excellency Dr. Maria Alqassim explained that the meeting contributes to reinforcing the
public-private dialogue and cooperation and forms a key component of the UAE-OECD
partnership under the MENA-OECD Competitiveness Programme. H.E. described BAB as a
reliable platform enabling the private sector and government-policymakers to engage and develop
practical solutions, focusing on tourism, SMEs and entrepreneurship, and agribusiness. “We aim
to adopt tangible measures to enhance value chains, launch investments, and build more diversified,
competitive and future-ready economies,” she said.

Mr. Carlos Conde, Head of Middle East and Africa Division, Global Relations and
Cooperation Directorate, OECD, said, “Today’s Board meeting in Dubai marks a significant
milestone in the cooperation between the OECD and the UAE, building on the country’s tangible
progress in developing a resilient and innovative economic environment driven by partnership and

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