Page 474 - 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

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11/5/2024 9:06:32 AM

(MENAFN- Dubai PR Network) 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 some of the largest global
companies. We are committed to furthering cooperation among our GCC partners in various

sectors, particularly in economy and investment, and exploring opportunities that enhance our
economic integration, driving the resilience and growth of GCC economies.”

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