Page 699 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

2/26/25, 3:45 PM ‘Future Of The Economy’ Forum Discusses Transformative Trends Shaping Global Economy Growth | Pakistan Point
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 net-zero carbon emissions, driving innovation and local
production, and enhancing the efficiency and flexibility of vital supply chains.
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.

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.

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