Page 302 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

3/5/25, 11:24 AM Home | Emirates News Agency
Domestic Product (GDP).

“Fintech is one of the key sectors supporting sustainable growth and other economic sectors, with a goal of
increasing its contribution to approximately 12% of GDP by 2031,” he told the Emirates News Agency (WAM)

on the sidelines of the Investopia 2025, which kicked off today in Abu Dhabi.

“The UAE continues to create opportunities and establish a favourable investment environment for the growth
of new economy sectors, particularly the space economy. The country aims to increase the number of

companies operating in this strategic sector and empower them in alignment with the UAE’s global position in
this vital field.”

He also noted that the agricultural innovation sector is among the promising sectors in the UAE, as it is driven

by a clear food security strategy. "This strategy contributes to achieving food diversification by attracting more
investments and localising technology, ultimately enhancing the UAE’s status as a global hub for food exports.

In the meantime, the Minister said that the number of new business licences issued in the UAE in 2024

reached 200,000, covering various economic activities, noting that there are currently more than 1.1 million
businesses and economic establishments operating in the UAE, with the ministry seeking to increase this

number in the coming phase.

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