Page 313 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/29/24, 8:35 AM H.E. Bin Touq Meets With His Estonian Counterpart To Discuss Strengthening Of Economic Cooperation Between The Two Count…
its role in strengthening the competitiveness of the business environment and supporting its
regional and global leadership. These measures include the issuance and development of

new legislation governing cooperatives, commercial transactions, commercial registry, and
family businesses. Besides, 100 per cent foreign ownership of companies was granted,

streamlining procedures for establishing and conducting business operations in the country.

The Minister of Economy emphasised the advantages offered by the UAE economy, along
with the promising investment prospects across different sectors including tourism, family

enterprises, e-commerce, manufacturing, sustainable transportation, and technology. H.E.
also underscored the benefits offered by the UAE's strategic geographic location that links the

East and the West.

The two sides discussed the potential for enhancing cooperation in the tourism sector. They
explored various programs and initiatives to engage the private sectors of both countries to

enable them to achieve business growth while also maximising tourism industry's contribution
to the overall GDP of both the UAE and Estonia.

Furthermore, H.E. Bin Touq invited the Estonian delegation to attend the fourth edition of

Investopia, scheduled to be held in February 2025. The event will serve as a key platform to
explore the promising opportunities that the UAE offers to global investors, while also

fostering collaboration across diverse economic sectors.

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