Page 40 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

Press Release

H.E. Bin Touq takes part in 'Invest Kerala Global Summit,' reviews
promising investment opportunities in the UAE's new economy

sectors

Summit serves as vital platform to enhance trade and investment partnerships,
unlocking opportunities in UAE and Indian markets

Abu Dhabi, February 21, 2025:

H.E. Abdulla bin Touq Al Marri, Minister of Economy, attended the latest edition of the 'Invest
Kerala Global Summit’, which took place in the South Indian state of Kerala. The Summit brought
together high-ranking officials, business leaders, and global investors to explore the role of
sustainable technology and innovation in shaping future economies. It also sought to identify new
investment opportunities in key development areas, thus supporting economic expansion and
attracting FDI flows.
H.E. highlighted the deep-rooted bilateral relations between the UAE and India, characterized by
decades-long trade and economic partnerships across priority sectors. He noted that both countries,
guided by their leaderships’ vision, have aligned strategies focused on fostering sustainable and
new economic sectors.

H.E. Bin Touq stated: "Our economic cooperation with India continues to witness steady growth.
In 2024 alone, more than 41,600 new Indian business licenses were issued in the UAE, taking the
total number of Indian business licenses in the country to over 247,000 by the end of last year.
These businesses operate across a wide range of economic and commercial activities. Moreover,
India remains one of the largest source markets for tourism to the UAE, with over two million
Indian tourists visiting the country annually, reflecting the depth and strength of our bilateral
economic relations.”

H.E. Bin Touq said that the Summit serves as a dynamic platform to foster trade and investment
partnerships and leverage available opportunities to shape a more prosperous and sustainable
economic future for both nations. Elaborating on the investment landscapes of the UAE and
Kerala, the Minister of Economy said: "Both economies provide an investor-friendly environment
built on innovation and sustainability, paving the way for stronger economic and trade
cooperation."