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1/20/25, 4:49 PM Economic Integration Committee reviews its achievements - Middle East News 247

Economic Integration Committee reviews its

achievements

By News Desk 1 12/01/2025

The Economic Integration Committee held its first meeting for the year 2025, chaired by H.E. Abdulla bin
Touq Al Marri, Minister of Economy, and with the presence of H.E. Alia Bint Abdulla Al Mazrouei, Minister of
State for Entrepreneurship, and directors of all local economic development departments in the country. The

meeting reviewed the Committee’s efforts and achievements in the year 2024 in promoting the growth and
diversification of the national economy. It also assessed the Committee’s contributions to enhancing the

competitiveness of the country’s business and investment environment, and to the development of a number
of economic legislation and policies in line with global best practices.

H.E. Bin Touq said: “The UAE’s economic performance in 2024 is the result of exceptional and concerted
efforts that led to substantial progress in our transition towards a new economic model based on innovation
and knowledge. As a result, we were able to establish a leading and exemplary economic climate for the

success of businesses, investors and startups from around the world.” H.E. added that these efforts
supported the national economy’s growth and competitiveness at the regional and global levels. For instance,
the UAE’s non-oil GDP during the first half of 2024 grew by 4.4 per cent compared to the same period in

2023, while non-oil sectors’ contribution to the GDP rose to 75 per cent by the end of H1 2024.

Furthermore, H.E. Bin Touq emphasized the Committee’s success in enhancing dialogue and coordination

with stakeholders at the federal and local levels to promote the competitiveness of the country’s economic

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