Page 922 - MOE ENGLISH PR - MAY 2024

5/10/24, 8:31 AM Economy Middle East Summit 2024 highlights economic growth prospects in MENA region | Emirates News Agency
In his speech at the summit, Bin Touq 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

percent foreign ownership of companies, the

modernisation 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 sustainable economic growth at the

local, regional and international levels, especially since

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