Page 382 - MOE ENGLISH PR REPORT - AUGUST 2024

8/16/24, 1:45 PM UAE To Host Seventh Arab Competition Forum In 2026
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
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.

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