Page 317 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/29/24, 8:35 AM PRESSR: H.E. Bin Touq meets with his Estonian counterpart — TradingView News
The meeting witnessed the exchange of expertise on the development of

flexible economic policies and legislation aimed at driving sustainable

economic growth in both countries. In this context, H.E. Bin Touq
elaborated on the UAE's economic openness policies, as well as its efforts

in forging strategic economic partnerships with leading regional and global

markets. H.E. also highlighted the comprehensive development of the

UAE's economic legislation and 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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