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The event focused on navigating the global economic landscape beyond 2024 and emphasized

the MENA region's economic outlook amidst new global realities. Discussions explored

tomorrow's digital financial services landscape and highlighted the significance of tourism as a

key economic driver. The summit also featured insights into future technology ecosystems and

fireside chats with key industry figures including Hatem Dowidar, Group CEO, e& and Badr Al
Olama, Director General, Abu Dhabi Investment Office, which provided further perspectives on

economic development and innovation.

Abdulla bin Touq Al Marri, UAE minister of Economy, confirmed that the Emirates has made great

strides in diversifying its national economy and shifting towards a flexible economic model based
on knowledge and innovation. As a result, the non-oil sector today accounts for 74% of the

country’s total GDP. This confirms the effectiveness of the steps the UAE has adopted to further

economic diversification, in line with the goals of the 'We the UAE 2031' vision and the UAE

Centennial Plan 2071.

In his speech at the summit, the economy minister said: “The UAE continues its efforts to provide

an incubating environment for conducting business and economic activities and develop flexible

and competitive legislation and economic policies that will enhance the country’s attractiveness

for foreign investments through establishing a suitable economic climate for investors, capital

owners, and entrepreneurs. The most notable developments in this regard include the granting of

100% foreign ownership of companies, the modernization of visa and residency systems, and the
introduction of self-employment and long-term residency pathways, which contribute to

strengthening the country’s ability to confront global economic changes. They also contribute to

consolidating its position as a leading destination for business and investment.”

Bin Touq pointed out that the summit serves as a key platform to shed light on the most

prominent shifts in the global economic dynamics, and how to benefit from them in promoting

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