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1/20/25, 4:49 PM Economic Integration Committee reviews its achievements, efforts in promoting national economic growth
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.
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."
He 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.
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