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UAE Minister Of Economy Discusses Competitive

Advantages And Private Sector Role At Davos 2025

By OneArabia
Published: Wednesday, January 22, 2025, 12:15 [GST]

The UAE's Minister of Economy, Abdulla bin Touq Al Marri, highlighted the private sector's crucial
role in enhancing national economic growth and competitiveness. Speaking at the World Economic
Forum's 55th Annual Meeting in Davos 2025, he noted that the UAE has consistently engaged the
private sector in national strategies, creating a successful model of public-private partnerships.

Al Marri shared that 200,000 new economic licences were issued in UAE markets in 2024. This
reflects the country's commitment to involving businesses in its growth plans. The session titled
"Hard Power: A Wake-Up Call for Businesses Amid Global Economic Shifts" examined how global
tensions impact the private sector and how businesses are adapting their strategies.

The discussion also focused on enhancing profitability across various sectors and providing
incentives for entrepreneurs to expand into sustainable areas. Al Marri stated, "The UAE has
pioneered a visionary approach to developing a dynamic and competitive economic legislative
framework based on global best practices." Over 30 key economic laws have been updated or
introduced in recent years.

https://www.onearabia.me/business/uae-competitive-advantages-davos-2025-011-94651.html