Page 465 - MOE ENGLISH PR REPORT- NOVEMBER 2024

11/12/24, 11:24 AM Minister of Economy highlights advancements in UAE's business landscape at Gateway Gulf 2024 forum
Minister of Economy highlights advancements in

UAE's business landscape at Gateway Gulf 2024

forum

Participants apprised of the UAE’s vision for fostering global economic openness, building strategic

partnerships with key regional and international markets, and facilitating global trade

Abu Dhabi, 5 November 2024:

H.E. Abdulla bin Touq Al Marri, the Minister of Economy, took part in a panel discussion at the second Gateway
Gulf 2024 forum, hosted by Bahrain’s Economic Development Board recently, under the theme ‘Investing in a
Rapidly Transforming Region.’ During the session, the Minister of Economy highlighted the UAE’s dynamic

business environment and investment opportunities in the country’s emerging economy sectors, along with recent
amendments to the legislation governing them.

H.E. Bin Touq emphasized that, under the guidance of its wise leadership, the UAE has made significant strides in
diversifying its economy and transitioning to a knowledge- and innovation-driven model. Today, non-oil sectors
contribute 74 per cent to the national GDP, attracting investors and entrepreneurs to expand within these fields.

This aligns with the UAE’s ambition to establish itself as a global hub for the new economy by the next decade, in
line with the ‘We the UAE 2031’ vision.

H.E. added: “Today, GCC has become a formidable economic force with substantial influence on the global
investment landscape. Boasting strategic geographic locations, world-class infrastructure, and diverse investments

across the globe, these countries have emerged as international hubs for business and investment and home to

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