Page 677 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

2/26/25, 3:34 PM WGS 2025: ‘Future of the Economy’ forum highlights transformative
exchange today will help us understand the future challenges better, preparing us to effectively navigate
them.”
UAE’s unique economic approach
H.E continued: “Thanks to the guidance of its wise leadership, the UAE has successfully developed a
unique approach to adapting to global economic changes and navigating regional and international
geopolitical challenges. The UAE has actively worked on the Emiratization of technology and innovation in
crucial economic sectors, while also introducing flexible economic policies to diversify its economy. As a
result, non-oil sectors now account for more than 75 percent of our national GDP. Additionally, the UAE
continues to attract global talent and has forged fruitful economic partnerships with leading markets
regionally and globally, positioning itself as a leading global hub for business and investment. Today, it has
become a home for startups and entrepreneurs.”

The Minister of Economy highlighted the key role that sovereign wealth funds, particularly in the Gulf
Cooperation Council (GCC) countries, play in financing regional and global development projects. These
funds have significant potential to shape the investment landscape in emerging markets, especially that they
align with sustainable and long-term goals.
Innovative industrial policies
The first session titled the “Rising of Innovative Industrial Policies” focused on the mechanisms for
transitioning towards innovation-based policies, economic flexibility, and the balance between open markets
and national priorities. The session also highlighted the role of industrial policies in accelerating the
transition towards achieving net-zero carbon emissions, driving innovation and local production, and
enhancing the efficiency and flexibility of vital supply chains.
Economic blocs
Subsequently, the second panel discussion, titled “The Presence of Regional and Global Multiple Economic
Blocs,” explored the significance of major economic blocs in enhancing global trade growth and achieving
shared economic benefits for countries. It shed light on enhancing economic integration, particularly in light
of the shifts witnessed globally in recent years.
Future economic prospects
During the third session, titled “Growth Prospects for the Regional Economy in 2025,” participants shared
their insights on how governments are addressing inflation, energy transitions, climate change, and
investment opportunities. They also discussed the governments’ ability to adapt to the new global reality.
Besides, the participants reviewed the latest global trends in future technology and innovation, digital
boundaries in finance and financial services, and the key role played by international financial institutions in
bridging investment gaps and ensuring capital flows across different markets.
The WGS 2025 convenes over 30 heads of state and government, more than 80 international and regional
organizations and 140 government delegations. Its agenda features 21 global forums exploring major future
trends and transformations, over 200 interactive sessions with more than 300 prominent speakers—
including presidents, ministers, experts, thought leaders, and decision-makers—and over 30 ministerial
meetings and roundtables attended by more than 400 ministers. The summit will also publish 30 strategic
reports in partnership with its international knowledge partners.

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