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5/30/24, 8:42 AM H.E. bin Touq meets with Miami Business Council members as well as senior officials & investment funds - Middle East News 247
H.E. reviewed an array of flexible economic policies and legislation promulgated by the

country, their role in promoting the competitiveness of the business and investment climate,
and the establishment of a distinct legislative infrastructure in accordance with global best

practices in this regard. A number of laws were promulgated and updated over the past three

years, strengthening the country’s efforts to lead globally in the development of proactive

legislation for new economic sectors by the next decade, in light of the objectives of the ‘We
the UAE 2031’ vision.

H.E. Bin Touq explained that the global economy is undergoing constant changes and
transformations, which prompts us to adopt flexible economic policies and motivate business

communities to invest in fast-growing sectors and explore opportunities in emerging markets,

promote economic openness to the world, and support economic clusters.

Meeting with Miami Beach Mayor

During the visit, H.E. Bin Touq met with H.E Steve Mainer, Mayor of Miami Beach, to discuss
ways to enhance economic cooperation in critical areas and sectors of shared interest,

particularly technology, circular economy, entrepreneurship, and small and medium

enterprises.

The two sides also explored new mechanisms to support tourism cooperation, particularly as

the UAE and Miami enjoy unique natural tourism attractions such as beaches, mountain and
recreational tourism. The two sides agreed on the importance of increasing mutual tourist

flows and reiterated support for increasing the number of flights between them and promoting

key tourism attractions on both sides.

Visit to Miami University

H.E Bin Touq also visited the University of Miami’s technology incubator to learn about its
successful experiences in the fields of economics, scientific research, technology, and

artificial intelligence. He was received by Mr. Julio Frenk, President of the University of Miami,

and a number of other university officials. During a meeting, the two sides touched on the
importance of taking advantage of the rapid technological developments in promoting the

future growth of startups and innovators and providing them with all enablers for growth and

prosperity. He added that the UAE offers a competitive business environment for

entrepreneurs and startups, and that for the third consecutive year, the country ranked first in

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