Page 41 - MOE ENGLISH PR REPORT - JANUARY 2025

Press Release

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.

-Ends-