Page 76 - MOE ENGLISH PR REPORT - JANUARY 2025

Press Release

Economic Integration Committee reviews its achievements and
efforts in promoting national economic growth and business
environment’s competitiveness

H.E. Bin Touq chairs the first Committee meeting for the year 2025

Abu Dhabi, January 12, 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 legislative system. This was achieved through the review and development of
several laws and national policies in accordance with global best practices, strengthening national
efforts to ensure the harmonization of legislation and regulations, and submitting proposals for the
sustainability and growth of national economic sectors and activities.

The Minister of Economy pointed out that the Committee remains steadfast in its efforts to develop
new economic legislation and resolutions to achieve the national goal of positioning the UAE as a
global leader in the development of proactive legislation for new economic sectors by the next
decade, in line with the ‘We the UAE 2031' vision.

Contribution to the issuance & development of five laws and four economic policies

1