Page 53 - ECI PR REPORT - DECEMBER 2024

1/8/25, 8:50 AM UAE’s industrial sector drives sustainable economic growth
The committee offered insights on several articles, keeping in mind the views of the Central Finance
Department, and emphasised the significance of organising principles concerning tax deductions,
payments, and audit mechanisms for the revenues of companies affected by the draft law, particularly
those dealing with natural resources such as water, oil, gas, coal, naturally occurring minerals, and
other non-renewable resources.

The committee is set to continue its thorough examination of the draft law in preparation for
submitting its final report to the Advisory Council for further discussion and approval.

The session was attended by Halima Hamid Al Owais, Vice President of the Sharjah Consultative
Council, and chaired by Rashid Abdullah bin Huwaiden, the Chairman of the Financial, Economic and
Industrial Affairs Committee. Key members in attendance included Fatima Khalifa Al Muqrab, the
Committee Rapporteur, along with Amer Mohammed Al Zarouni, Engineer Nabil bin Butti Al Muhairi,
Abdullah Taresh Al Ketbi, Tariq Murad Mirza Al Balushi, Mohammed Abdullah Al Balushi, and
Mohammed Ali bin Salim Al Ketbi, a Council member.

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