Page 44 - MOE ENGLISH PR - MAY 2024

Press Release

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 on 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.

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