Page 374 - MOE ENGLISH PR REPORT - JANUARY 2025

These legislative efforts have made the UAE an attractive destination for global businesses and
entrepreneurs. The country offers 100 percent foreign ownership of companies, advanced
technological infrastructure, and streamlined business setup processes through digital platforms.
Additionally, over 40 free zones provide attractive incentives for investors.

Bin Touq addressed global economic risks such as protectionist policies and supply chain
disruptions. These challenges can limit investment opportunities and reduce productivity. He
emphasised the need for flexible economic strategies focusing on emerging sectors and supporting
a multilateral global economic system.

The UAE is investing heavily in technology to overcome future challenges. It promotes sectors like
artificial intelligence, fintech, and digital infrastructure while developing innovative solutions to
support economic growth. This aligns with the "We the UAE 2031" vision to strengthen its position
as a trusted global partner.

Strategic Partnerships
Over the past four years, the UAE has established more than 25 joint economic committees with
countries worldwide. These partnerships aim to enhance its status as an attractive economic hub.
Long-term residency options of five to ten years are available for investors, entrepreneurs, and
skilled professionals.

The country also offers over 2,000 economic activities with reduced customs duties. Bin Touq
noted that emerging markets are expected to outperform advanced economies, highlighting the
importance of inclusive growth strategies.

The Minister concluded by stating that technology is seen as a key tool for overcoming future
challenges. The UAE actively promotes investment in new sectors while developing policies to
support its economy's growth and competitiveness.

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