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1/24/25, 2:58 PM Minister Of Economy Spotlights UAE’s Competitive Advantages At Davos 2025 - UrduPoint
He added that the UAE has provided the private sector with all necessary enablers

and resources to increase its contribution to non-oil sectors. These include

granting 100 percent foreign ownership of companies, advanced technological
infrastructure, streamlining business setup through digital platforms, and the

availability of over 40 free zones with attractive incentives.

Additionally, the UAE provides long-term residency options of five to ten years for
investors, entrepreneurs, and skilled professionals. The country also boasts over

2,000 economic activities and offers reduced customs duties.

Bin Touq noted that global economic risks, such as protectionist policies, rising

trade tensions, and supply chain disruptions, undermine investment opportunities,

limit companies' ability to operate efficiently, and reduce productivity.

Addressing these challenges calls for the adoption of flexible economic strategies,

focusing on emerging sectors, boosting economic openness, and supporting a

multilateral global economic system, especially as emerging markets and
developing economies are expected to outperform advanced economies,

underscoring the importance of inclusive growth strategies.

The Minister of Economy explained that the UAE sees technology as the key tool

for overcoming future challenges. It actively promotes investment in new economic

sectors like artificial intelligence, fintech, and digital infrastructure, while
developing innovative solutions and policies to support the growth and

competitiveness of the UAE economy.

Over the past four years, the UAE has established over 25 joint economic
committees with countries at regional and global levels, strengthening its position

as a global trusted partner and attractive economic hub, in line with the objectives

of the "We the UAE 2031" vision.

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