Page 32 - MOE ENGLISH PR REPORT - OCTOBER 2024

Press Release

Singapore: A leading economic development model

In his speech at the event, H.E. Bin Touq said: “The United Arab Emirates and the Republic of
Singapore share strong historical ties and distinguished, growing economic partnerships. Under the
guidance of their leaderships, both countries have transformed from resource-dependent economies
into global hubs for trade, investment, finance, and innovation, benefiting from their geographical
locations in Asia, the Middle East, and Africa. Over the past few decades, Singapore has set an
exemplary standard in economic development, foreign investment policies, education, and the
development of human capital.”

Investopia supports UAE and Singapore’s transitions to new economy

H.E. added: “The UAE is one of Singapore's key investment partners at both regional and global
levels, as our investments in Singaporean market continue to grow. Today, they span numerous
vital and digital sectors, particularly technology, innovative financial services, sustainable
transport, and logistics services. The two countries also share a common vision for building a new
economic model based on knowledge and innovation, fostering new generations of talented
individuals and distinguished entrepreneurs. This motivated us to hold the latest edition of the
Investopia Global Talks today in Singapore, to enhance the levels of economic partnership between
the two countries in these areas at both government and private sectors. Our aim is to generate
more opportunities and capabilities that serve the future economic aspirations of the two friendly
countries.”

Promising investment opportunities in the UAE

The Minister of Economy highlighted the promising investment opportunities offered by the UAE
in various economic sectors including healthcare, clean energy, transport, financial technology,
tourism, and AI. He elaborated on the incentives and advantages provided by the UAE economy,
as well as the policies and initiatives adopted by the State to enhance economic openness to the
world and develop a flexible economic legislative framework. These measures have played a
crucial role in boosting the competitiveness of the country’s business environment, reinforcing its
leadership at regional and global levels.

UAE’s innovation and entrepreneurship dynamics

Investopia Singapore hosted four panel discussions featuring a distinguished group of government
officials, businessmen, and investors from both countries. H.E. Alia Al Mazrouei, Minister of State
for Entrepreneurship, attended the first panel, which was moderated by Rula Abou Mena, CEO of
Standard Chartered Bank in the UAE, the Middle East, and Pakistan. It was titled ‘Developing
Entrepreneurial Startups: Exploring the Enablers of the Entrepreneurship Environment in the
UAE’.

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