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5/27/24, 5:04 PM Minister of Economy participates in SALT iConnections Forum to highlight UAE’s status as a prime hub for global partnerships | E…
Over the past years, it has succeeded in developing a

number of legislations and procedures that have

enabled the business community to grow and compete.

These include a law on trade through the means of

modern technology, and laws on intellectual property,

industrial property, trademarks, and copyright. The

country has also strengthened the legislative

environment for family enterprises considering them as

an important pillar in promoting sustainable growth and

transitioning towards an economy based on knowledge

and innovation.

The UAE has also allowed 100 percent foreign direct

ownership of companies and enterprises, increasing the

number of companies operating in the UAE by 43

percent or 275,000 between 2020-2022, bringing the

total number of companies operating in the UAE to

more than 788,000 by the end of 2023.

He added: "High value-added emerging industries are

the driving force behind the economic growth sectors of

the new economy, green growth, sustainable finance,

and investment, and the tourism sector. The UAE shares

this vision with the United States at the government,

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