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1/24/25, 2:58 PM Minister Of Economy Spotlights UAE’s Competitive Advantages At Davos 2025 - UrduPoint
He stated that the number of new economic licences issued

in UAE markets totalled 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.

It also discussed mechanisms to enhance profitability across various economic

sectors, as well as the importance of providing additional incentives and enablers

to encourage entrepreneurs to achieve high growth rates and expand into vital and

sustainable sectors.

Bin Touq said, "The UAE has pioneered a visionary approach to developing a

dynamic and competitive economic legislative framework based on

global best practices. Over the past four years, the nation has issued and updated

over 30 key economic laws, policies, and resolutions, focusing on new and future-
centric sectors, including e-commerce, arbitration, commercial

transactions, family businesses, and cooperatives.

"These efforts have made the UAE a more attractive destination for businesses

and entrepreneurs from around the world, strengthening its position as a regional

and global hub for business and investment.

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