Page 55 - MOE ENGLISH PR REPORT- NOVEMBER 2024

Press Release

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