Page 409 - MOE ENGLISH PR - MAY 2024

This is particularly facilitated by the UAE's standing as a competitive economic

hub, which is connected to over 400 cities around the world through direct

routes. Additionally, the UAE has the largest shipping line network that spans

88 ports globally and benefits from its strategic location as a link between the

East and West.

The Minister of Economy apprised Mayor Adams of the trade and investment

initiatives implemented by the UAE under the 'Projects of the 50' and the UAE

Centennial Plan 2071. These initiatives are designed to bolster the country's

standing in the global economy by offering attractive investment incentives

within the UAE's thriving economic landscape.

The comprehensive development of economic legislation, which includes the

granting of 100 per cent foreign ownership of companies, flexible tax policies,

and simplified processes for establishing businesses, further cements the

UAE's position as a global hub for business and investment. (ANI/WAM)

https://www.latestly.com/agency-news/world-news-uaes-minister-of-economy-bin-touq-meets-
nyc-mayor-to-boost-cooperation-5986224.html