Page 37 - MOE ENGLISH PR REPORT - FEBRUARY 2024 ( International)

Press Release

Economic Integration Committee reviews its efforts & achievements

in strengthening national economic legislation in 2023

H.E. Bin Touq: The UAE has succeeded in developing a leading legislative
climate needed to stimulate sustainable economic growth

Abu Dhabi, 23 February 2024:

The Economic Integration Committee held its first meeting of 2024 under the chairmanship of

H.E. Abdulla bin Touq Al Marri, Minister of Economy, and with the participation of H.E. Dr Thani

bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade. The meeting was attended by
representatives of local economic development departments from all emirates.

The meeting reviewed progress on the implementation of the Committee’s 2023 agenda, and its
efforts to develop the country's legislative environment according to global best practices. These

include the development of the ultimate beneficiary legislation system, consumer protection,

intellectual property and the anti-money-laundering system, with the aim of enhancing the national
economy's global leadership. The Committee meeting also explored ways to strengthen

cooperation and communication between relevant governmental, federal and local entities in this
regard.

The Minister of Economy said: "The UAE, in line with the wise leadership’s directives,

consolidated its new economic model based on knowledge and innovation, through the
development of a comprehensive, integrated, flexible and stable legislative system, creating a

leading and exemplary economic climate. This has contributed to strengthening the country's
position as a leading global economic, investment and financial hub, providing all the ingredients

for success to businesses, investors and startups from all over the world. It further contributed to
creating an innovative environment that contributes to building the future and a diverse knowledge