Page 377 - MOE ENGLISH PR REPORT - AUGUST 2024

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

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

During the Forum, the Ministry of Economy will highlight the UAE’s leading role in
developing, regulating, and safeguarding competition. The event will serve as a platform for
sharing experiences of participating countries, facilitating discussions and exchange of

insights on the competition culture and policies in the region, as well as exploring the best
practices adopted in this field.

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

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