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11/12/24, 11:24 AM Minister of Economy highlights advancements in UAE’s business landscape at Gateway Gulf 2024 forum - Middle East Business …
Minister of Economy highlights

advancements in UAE’s business

landscape at Gateway Gulf 2024 forum

November 5, 2024 10

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.

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 some of the largest global

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