Page 209 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

3/5/25, 1:46 PM UAE aims to boost fintech’s GDP contribution to 12% by 2031 - Fast Company Middle East | The future of tech, business and innova…
work with “The UAE continues to create opportunities and establish a
stations in
favorable investment environment for the growth of new economy
soars to sectors, particularly the space economy. The country aims to
udi Arabia
increase the number of companies operating in this strategic sector
ha 2025, and empower them in alignment with the UAE’s global position in
d smart
this vital field.”

He also pointed out that the agricultural innovation sector is one of

the promising areas in the UAE, driven by a robust food security
strategy. “This strategy contributes to achieving food diversification

by attracting more investments and localizing technology, ultimately

enhancing the UAE’s status as a global hub for food exports.”

Additionally, the Minister revealed that 200,000 new business
licenses were issued in the UAE in 2024 across various economic

sectors. He also noted that the total number of businesses and
economic establishments in the country has exceeded 1.1 million,

with plans for further growth in the near future.

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