Page 371 - MOE ENGLISH PR REPORT - AUGUST 2024

8/16/24, 1:45 PM UAE to host seventh Arab Competition Forum in 2026

The Forum will feature a series of sessions on key economic factors that play a crucial role in boosting
competition, while also addressing the challenges associated with improving the competitive landscape

at regional and global levels. More than 100 officials and experts from Arab and international
organizations dedicated to competition are expected to attend the forum.

The Ministry of Economy said that the hosting of this forum by the UAE will help achieve the objectives of
the ‘We the UAE 2031’ vision and the ‘Economic Principles of the UAE.’ These visions aim to create a

competitive and free national economy that fosters a vibrant business environment teeming with
opportunities and promising potential.

The Ministry added that the Forum will provide a significant opportunity to strengthen collaboration with
Arab countries in the development of competition policies. It aims to draw on both regional and global

experiences in this area and to raise awareness about the country's competition laws, particularly
Federal Decree-Law No. 36 of 2023 on competition regulation. This legislation plays a key role in
promoting and safeguarding competition, enhancing the national economy's competitiveness both
regionally and globally, tackling monopolistic practices, addressing detrimental economic clusters that
affect consumers, supporting the growth of various economic sectors, boosting productivity, and making

the country more attractive for both local and international investments.

ESCWA, in collaboration with UNCTAD and OECD, launched the first competition forum in 2020, in
Beirut, Lebanon. The event serves as an annual platform where stakeholders in the region come
together to share knowledge and experiences on competition policies and their enforcement.

For further information, please contact:
Orient Planet Group (OPG)
Tel: +971 4 4562888
Email: media@orientplanet.com
Website: www.orientplanet.com

https://www.zawya.com/en/press-release/events-and-conferences/uae-to-host-seventh-arab-competition-forum-in-2026-rx4o4wi6 2/3