Page 41 - MOE ENGLISH PR REPORT - AUGUST 2024

Press Release

UAE to host seventh Arab Competition Forum in 2026

Ministry of Economy will showcase the UAEs' experience in competition
developing and regulating competition, at the forum

Abu Dhabi, 9 August 2024:

The UAE is set to host the seventh Arab Competition Forum scheduled for 2026, organized by the
United Nations Economic and Social Commission for Western Asia (ESCWA), the United Nations
Conference on Trade and Development (UNCTAD), and the Organization for Economic Co-
operation and Development (OECD).

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

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