Page 42 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

Press Release

Ministry of Economy reviews cabinet resolution on thresholds and
controls associated with Competition Law and its role in enhancing
oversight of economic concentration transactions in the country

Resolution to take effect in April 2025 enhancing the market economy and
ensuring fair competition

Abu Dhabi, 20 February 2025:

The Ministry of Economy organized a media roundtable, led by H.E. Abdullah Ahmed Al Saleh,
Undersecretary of the Ministry, to shed light on the provisions of Cabinet Resolution No. 3 of 2025
on the thresholds associated with the implementation of the Federal Decree-Law No. 36 of 2023
on the Regulation of Competition. This Resolution supports the UAE’s efforts to enhance market
competition, combat monopolistic practices, and counteract economic concentrations that could
harm consumers.

H.E. Al Saleh affirmed that the UAE, guided by the directives of its wise leadership, has succeeded
in developing a comprehensive legislative framework to protect competition. In line with global
best practices, this framework aims to foster sound commercial practices, enhance production
efficiency across various economic sectors, and strengthen the country’s business competitiveness
at regional and global levels, making it an attractive destination for companies and entrepreneurs
from around the world.

A proactive approach to legislative development

The Undersecretary said: “The UAE introduced the Regulation of Competition Law recently to
establish a legal framework that protects and regulates competition, reinforcing its role in driving
national economic growth and enhancing the country’s overall business competitiveness. The
Ministry has proactively developed its provisions with a forward-looking approach to ensure a
modern and comprehensive legislation that aligns with the UAE’s objectives of fostering a
competitive environment for businesses while safeguarding consumers from anti-competitive
practices.”

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