Page 696 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

2/26/25, 3:44 PM ‘Future Of The Economy’ Forum Discusses Transformative Trends Shaping Global Economy Growth - UrduPoint
Abdulla bin Touq Al Marri, Minister of Economy, said that organising the forum at this
year's WGS demonstrates the UAE's commitment to fostering dialogue and

knowledge exchange with experts, policymakers, and thought leaders. The purpose is to
explore the latest trends shaping the global economy, making it more adaptable and

sustainable.

In his speech at the forum, Al Marri added, "Today, we have gathered here to shape a

more robust economic future by embracing international best practices. In addition to
exploring economic events and trends, we aim to foster an environment conducive to

cooperation and collective efforts in order to formulate fresh strategies that bolster the
growth and sustainability of our economies. We are confident that the insights

we exchange today will help us understand the future challenges better, preparing us to
effectively navigate them."

He noted that thanks to the wise leadership's guidance, 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 Emiratisation 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.

He continued, "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 since they align with sustainable
and long-term goals.

The first session, titled "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

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