Page 140 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)

4/21/25, 9:29 AM Latest News
the UAE’s competitive advantages and strategic enablers available to family enterprises, investors, and
international businesses looking to establish or expand their presence in the country.

The conference brought together nearly 30 officials and business leaders from the UAE’s government and
private sectors. Among the distinguished attendees were H.E. Mohamed Hassan Alsuwaidi, UAE Minister of

Investment, Managing Director & Group CEO of ADQ; H.E. Mohammed Al Hawi, Undersecretary of the
Ministry of Investment ; H.E. Omar Suwaina Alsuwaidi, Undersecretary of the Ministry of Industry and

Advanced Technology;, H.E. Abdullah Mohammed Al Mazrui, Chairman of Al Mazrui International; H.E.
Khaled Abdul Karim Al Fahim, Board Member of the Abu Dhabi Chamber; H.E. Hareb Al Mheiri, Executive

Director at the Abu Dhabi Investment Office; Hadi Badri, CEO of Dubai Economic Development Corporation,
the economic arm of Dubai’s Department of Economy and Tourism; Ramy Jallad, CEO of Ras Al Khaimah
Economic Zones (RAKEZ); Abdullah Issa Al-Mulla, Director of the Private Investment Projects Department at

the Ministry of Investment; prominent lawyer Essam Al Tamimi, Chairman of Al Tamimi & Co.; George Azar,
Chairman and CEO of Dubai Sotheby’s International Realty; and Paulo Ruiz, President and COO of Eaton.

The conference was attended by a high-level delegation from Deutsche Bank, led by Claudio de Sanctis,
Member of the Management Board and Head of Private Bank Deutsche Bank AG. They were joined by 50
global investors and entrepreneurs.

UAE’s ideal investment climate
H.E. Mohamed Hassan Alsuwaidi, Minister of Investment, emphasized that the UAE, under the guidance of

its wise leadership, has embraced innovative and forward-looking national visions and strategies to create a
competitive and ideal investment environment in line with global best practices. This approach has

transformed the UAE into a leading destination for business and investment regionally and globally, with UAE
markets now housing more than 1.1 million private companies and economic entities.

Global hub for the new economy
During the conference, H.E. Alsuwaidi stated: " The UAE continues to strengthen its position as a global hub
for the new economy, in line with the “We the UAE 2031” vision. We are working to enable investments in

priority future sectors, such as financial technology, circular economy, smart transportation, and advanced
manufacturing. Supportive platforms such as Investtopia contribute to accelerating this orientation by

promoting dialogue, building partnerships, and stimulating investment flows into these vital areas. These
efforts have contributed successfully attracted more than $30.6 billion in FDI, up 35 per cent compared to

that of 2022, and has ranked second globally as the largest recipient of new project investments in 2023."
Enablers of the UAE business environment

His Excellency Al Suwaidi urged the conference’s participants to take advantage of the opportunities and
possibilities offered by the UAE, among which are a vital strategic location that connects the East with the
West and the North with the South; a competitive business environment that allows up to 100 percent foreign

ownership of companies and provides of over 2000 economic activities, tax reductions, and long-term
residency options tailored for investors and businesspeople. In addition, H.E. highlighted the presence of

numerous free economic zones for establishing businesses in the country, in addition to a comprehensive

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