Page 107 - MOE ENGLISH PR REPORT- NOVEMBER 2024

12/5/24, 10:50 AM UAE is home to over 1.5 million trade licenses: Bin Touq - Eye of Dubai

UAE is home to over 1.5 million trade licenses: Bin Touq

The Economic Integration Committee convened its seventh meeting for 2024, chaired by Abdulla bin Touq Al Marri, Minister of
Economy.

It was attended by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Alia Abdullah Al Mazrouei,

Minister of State for Entrepreneurship, alongside representatives of local economic development departments in all seven
emirates.

The meeting reviewed updates on the development of various economic legislations and their significance in enhancing the

competitiveness of the national business environment, as well as the transition to the new economic model based on
knowledge and innovation.

Additionally, the Committee followed up on the recommendations from the previous meeting, particularly those concerning
telemarketing mechanisms and the organization of those activities to ensure consumer rights are protected, in line with the
directives of the UAE Cabinet.

Bin Touq confirmed that the UAE has succeeded, thanks to the guidance of its wise leadership, in establishing its position as

an ideal global destination for diverse economic activities. This has been achieved through its forward-looking vision and
continuous development in line with global best practices and the adoption of flexible economic policies and advanced
legislation that support innovation and keep pace with rapid shifts.

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