Page 34 - MOE ENGLISH PR REPORT - JULY 2024

Press Release

Economic integration Committee reviews national efforts to enhance

the competitiveness of legislative environment for family enterprises
& cooperative societies in the country

Members welcome H.E. Alia Abdulla AlMazrouei, newly appointed Minister of
State for Entrepreneurship, to the Committee

Abu Dhabi, 22 July 2024

The Economic Integration Committee held its fourth meeting for the year 2024 under the
chairmanship of H.E. Abdulla bin Touq al Marri, Minister of Economy, and with the participation
of H.E. Alia bint Abdulla AlMazrouei, Minister of State for Entrepreneurship, and the
representatives of local economic development departments across the UAE. H.E. Bin Touq and
the Committee members welcomed H.E. Alia AlMazrouei to the Committee, noting that it will
help boost the Committee's efforts in developing the business environment in the country and
creating diverse economic opportunities for entrepreneurs.

The meeting reviewed progress made on the implementation of recommendations made during the
third Committee meeting last June, and looked into several key economic files, most notably the
national efforts in enhancing the competitiveness of the legislative environment for family
enterprises and cooperative societies in the country.

H.E. Bin Touq emphasized the UAE's desire to develop a comprehensive economic legislative
system based on international best practices and provide all enablers for the growth and prosperity
of businesses of all sizes as well as family companies, cooperatives and brands in the UAE. The
efforts also focus on encouraging them to expand into new economic sectors, thereby strengthening
the UAE's position as a global destination for business and investment.

H.E. said: "The Economic Integration Committee and the local economic development departments
play a vital role in enhancing the competitiveness of the UAE’s business environment at the
regional and international levels, boosting economic activity in the country, and supporting its
attractiveness to domestic and foreign investments. Today's meeting discussed mechanisms for
enhanced cooperation between relevant government entities to continue the development of the
country's economic legislation and policies. This supports the UAE's efforts to achieve the world's
number one position in the development of proactive legislation for new economic sectors by the
next decade, in the light of the ‘We the UAE 2031’ vision.”

H.E. Alia bint Abdulla Al Mazrouei, Minister of State for Entrepreneurship, expressed her
happiness in joining the Economic Integration Committee, comprised of a highly competent
national team. H.E. highlighted the Committee's significance as a platform for discussing and

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