Page 416 - MOE ENGLISH PR - MAY 2024

5/28/24, 1:09 PM UAE's Minister of Economy Bin Touq meets NYC mayor to boost cooperation

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)

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