Page 371 - MOE ENGLISH PR REPORT - JANUARY 2025

UAE Minister of Economy Emphasizes Private Sector's Role In Clinching Economic
Competitiveness at DavosThe UAE sees technology as the key tool for overcoming future
challenges.
By Entrepreneur Middle East Staff Jan 22, 2025

Share

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Shutterstock

H.E. Abdulla bin Touq Al Marri, Minister of Economy, emphasized the private sector's role as a key
partner in driving national economic growth and boosting its competitiveness at both regional and
international levels.

In a session titled "Hard Power: A Wake-Up Call for Businesses Amid Global Economic Shifts," held
at the 55th Annual Meeting of the World Economic Forum (Davos 2025), Al Marri added that the
UAE has consistently involved the private sector in numerous national strategies and plans
launched over the past years, creating a unique model of successful public-private partnerships in
the country.

He stated that the number of new economic licenses issued in UAE markets totaled 200,000 in
2024.

The session explored the impact of global tensions on the private sector and how businesses are
rethinking strategies to strengthen their tools and adopt sustainable practices to address economic
challenges regionally and internationally.

https://www.entrepreneur.com/en-ae/leadership/uae-minister-of-economy-emphasizes-private-
sectors-role-in/485919