Page 38 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

Press release

Economic Integration Committee holds second meeting of 2025,

explores 'Year of Community' initiatives

H.E. Bin Touq: UAE continues to enhance its legislative and executive

frameworks while also launching new initiatives and development programs that
drive economic growth & diversification.

Abu Dhabi, February 24, 2025:

The Economic Integration Committee held its second meeting of 2025 chaired by H.E. Abdulla
bin Touq Al Marri, Minister of Economy, and with the participation of H.E. Alia Bint Abdulla Al
Mazrouei, Minister of State for Entrepreneurship. It was attended by representatives of local
economic development departments in all emirates. The Committee reviewed the progress made
on the recommendations from its first meeting of the year and discussed key priorities to enhance
economic integration and ensure the long-term sustainability of the country’s business ecosystem.

H.E. Bin Touq said: "The UAE continues to enhance its legislative and executive frameworks
while also launching new initiatives and development programs that drive economic growth and
diversification." H.E. emphasized the Committee’s role in ensuring policy and legislative
alignment between federal and local entities and in fostering collaboration to realize national
initiatives and objectives. These efforts, he added, contribute to reinforcing the UAE’s competitive
economic model, centered on innovation, openness, and sustainability, while further solidifying
its status as a global economic hub in line with the ‘We the UAE 2031’ vision.

The Minister of Economy continued: "Today’s discussions contribute to developing new
frameworks for economic integration and enhancing the competitiveness of economic policies in
the UAE. The meeting reviewed several key national priorities, including updates on consumer
protection regulations and measures to boost market transparency and competitiveness. It also
addressed future steps to establish a unified and reliable business licenses database across the seven
emirates via the National Economic Register, streamlining registration procedures and economic
activity requirements through a single national portal."

Enhancing economic policies & consumer protection measures ahead of Ramadan

During the meeting, the Committee evaluated latest national efforts to regulate markets and ensure
a stable supply of goods ahead of the holy month of Ramadan. The Committee reaffirmed the
importance of maintaining the availability of essential consumer goods at fair prices while
reinforcing regulatory measures to stabilize local markets and protect consumer rights.
Additionally, participants reviewed progress on the newly implemented national pricing policy
and examined the oversight mechanisms designed to ensure market compliance with its guidelines.