Page 43 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 2)
P. 43

Press Release




                Economic Integration Committee reviews latest developments in the

                  enhancement of economic legislation to bolster competitiveness of

                                        the UAE’s business environment



                 Latest meeting chaired by H.E. Bin Touq evaluates progress made by the UAE
                                               Circular Economy Council



               Abu Dhabi, 18 April 2025:

               The Economic Integration Committee held its third meeting for the year 2025, chaired by H.E.
               Abdulla bin Touq Al Marri, Minister of Economy. It was attended by H.E. Dr Thani bin Ahmed
               Al Zeyoudi, Minister of State for Foreign Trade, and H.E. Alia bint Abdulla Al Mazrouei, Minister
               of State for Entrepreneurship,  along with the  directors general  of the  Economic Development
               Departments across the UAE.


               The meeting reviewed the latest developments in the advancement of several economic laws and
               their significance  in  enhancing  the competitiveness of the  UAE’s  business environment  and
               supporting its  transition towards a new economic model based on knowledge  and innovation.
               Additionally, it assessed the progress made by the Committee in implementing the outcomes and
               recommendations from the second meeting of 2025.

               H.E.  Bin Touq  stated  that the  UAE, thanks  to the  directives of its  wise leadership, has made
               significant strides in  building  an advanced  economic  legislative framework  characterized  by
               flexibility and stability. This ensures an ideal and attractive economic environment for investors,
               entrepreneurs, and business owners from around the world, boosting national economic growth.

               In  this context,  His  Excellency  highlighted the  key  role played  by the Economic  Integration
               Committee in  continually enhancing  the UAE’s  economic legislation and policies, adopting
               innovative national initiatives, and enhancing cooperation and coordination with partners at both
               federal and local levels. These efforts have ensured greater alignment and coherence across the
               country’s legislative and  regulatory  landscape,  given that  the UAE has  introduced over 30
               economic laws and resolutions in the past four years.


               The Minister of Economy said: “The UAE is ushering in a new phase focused on strengthening the
               competitiveness of its legislative environment in line with global best practices. This follows the
               Cabinet’s approval of an integrated smart legislative system to guide the development of legislation
               and  regulations across  the UAE  Government. Powered by artificial intelligence  and advanced


                                                              1
   38   39   40   41   42   43   44   45   46   47   48