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1/24/25, 3:04 PM WEF 2025: Al Marri says UAE issued 200,000 new economic licenses in 2024 to boost private sector growth
WEF 2025: Al Marri says UAE issued 200,000 new economic licenses in 2024 to boost private sector growth
H.E. emphasized UAE’s commitment to non-oil sectors with 100 percent foreign ownership of
companies

The UAE Minister of Economy highlights UAE's competitive advantages and dynamic business ecosystem at Davos 2025.
Published: Wed 22 Jan 2025, 1:07 PM Last updated: Wed 22 Jan 2025, 1:23 PM
H.E. Abdulla bin Touq Al Marri, UAE minister of Economy, highlighted the issuance of 200,000 new economic
licenses in UAE markets for 2024 during his participation in the session titled “Hard Power: A Wake-Up Call for
Businesses Amid Global Economic Shifts” at the 55th Annual Meeting of the World Economic Forum
(WEF/Davos 2025).
In his remarks, H.E. underscored the vital role of the private sector as a key partner in promoting national
economic growth and enhancing competitiveness on both regional and international fronts. He noted that the UAE
has consistently integrated the private sector into various national strategies and initiatives over the years,
establishing a distinctive model of successful public-private partnerships within the country.
Global tensions and their impact on the private sector
The session examined how global tensions are affecting the private sector, prompting businesses to reevaluate
strategies to enhance their tools and implement sustainable practices in response to economic challenges both
regionally and internationally. It also addressed methods to boost profitability across various economic sectors
and emphasized the need for additional incentives and support to encourage entrepreneurs to achieve significant
growth and expand into essential and sustainable sectors.
Read more | WEF 2025: Global leaders advocate for renewed global partnerships in the Intelligent Age

H.E. Abdulla bin Touq Al Marri, UAE minister of Economy

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