Page 370 - MOE ENGLISH PR REPORT - JANUARY 2025

1/24/25, 2:56 PM Minister of Economy Highlights Private Sector's Role in National Economic Growth at WEF Davos 2025
During a session titled "Hard Power: A Wake-Up Call for Businesses Amid Global

Economic Shifts," Al Marri stressed the UAE's commitment to fostering successful public-

private partnerships, which have been central to the country’s national strategies and

growth initiatives.

Al Marri revealed that 200,000 new economic licences were issued in the UAE markets in

2024, reflecting the nation’s thriving business environment. He discussed the effects of

global economic tensions on the private sector and emphasized the need for businesses to

rethink strategies, adopt sustainable practices, and focus on profitability enhancement in

various economic sectors.

The Minister highlighted the UAE's progressive approach in issuing over 30 key economic

laws, policies, and resolutions in the past four years, enhancing sectors such as e-

commerce, arbitration, and family businesses. These updates have positioned the UAE as
a global hub for investment and entrepreneurship, with incentives like 100% foreign

ownership, digital business setup platforms, and over 40 free zones offering attractive

benefits.

Al Marri also emphasized the country’s focus on emerging sectors such as artificial

intelligence, fintech, and digital infrastructure, which are essential to overcoming future

challenges. With the launch of more than 25 joint economic committees globally, the UAE

continues to strengthen its position as a trusted partner in line with the "We the UAE

2031" vision.

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