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11/8/24, 3:07 PM Minister of Economy highlights developments in UAE business environment during Gateway Gulf 2024 | Welcome to Mantra

Minister of Economy highlights

developments in UAE business environment

during Gateway Gulf 2024

by ANI November 4, 2024 World

Manama [Bahrain], November 4 (ANI/WAM): Abdullah bin Touq Al Marri, Minister of Economy, participated in a panel
discussion at the second edition of the Gateway Gulf 2024 Investment Forum, organised by Bahrain Economic Development
Board in Manama on November 3-4.
The minister highlighted developments in the UAE business environment and investment opportunities within the new economy
sectors, as well as recent economic legislative updates in the country.
Abdullah bin Touq affirmed that, under the guidance of its wise leadership, the UAE has made significant strides toward
diversifying its national economy and shifting to a new economic model based on knowledge and innovation.
Currently, non-oil sectors, he said, contribute 74 per cent of the nation’s GDP, encouraging investors and entrepreneurs to expand
in these areas, supporting the UAE’s goal of becoming a global hub for the new economy by the next decade, in line with the
‘We the UAE 2031’.
He stated, “Gulf countries have emerged as major economic powers with a significant impact on the global economic and
investment landscape, thanks to their strategic geographical locations, outstanding infrastructure, and diverse investments across
many nations.
This, he added, has established these countries as international hubs for business and investment, hosting some of the world’s
largest companies.
“We are committed to supporting continued Gulf cooperation across various fields, especially in economic and investment

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