Page 375 - MOE ENGLISH PR REPORT - AUGUST 2024

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

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