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UAE participates in 113th Arab Economic & Social

Council meeting reiterating support for joint efforts to

achieve sustainable economic development

February 15, 2024

H.E. Bin Touq highlights UAE’s keenness to strengthen Arab level cooperation in new
economy sectors

Abu Dhabi, 15 February 2024:

H.E. Abdulla bin Touq Al Marri, Minister of Economy, led the UAE delegation at the 113th Arab
Economic and Social Council meeting held at the General Secretariat of the Arab League in Cairo,
chaired by the Hashemite Kingdom of Jordan and attended by delegations from member states. The
meeting discussed strengthening of Arab cooperation on various economic and social issues and
ways to operationalize the executive decisions approved by the Council during its previous
meetings.

The Minister of Economy emphasized that the UAE, under the guidance of its wise leadership, is
keen to support joint Arab efforts, develop mechanisms and action plans that will open up new
prospects to support sustainable economic development, as well as strengthen cooperation with
other Council member states in the sectors of the new economy, tourism, digital transformation,
entrepreneurship, and SMEs.

H.E. Bin Touq pointed out that Arab economies have proven their ability to confront political, climatic
and health changes over the past few years, and the importance of their geographical location is that
it facilitates the global trade movement. According to the International Monetary Fund (IMF), the
Arab countries’ GDP growth rate reached 1.8 per cent in 2023, or nearly 3.4 trillion dollars, and it is
expected to reach USD 3.5 trillion in 2024 despite the economic challenges witnessed by the region
during the last stage.

H.E. Bin Touq said: “The latest Council meeting is an important step forward in driving consultation
and discussions on vital economic files that will enhance the competitiveness of Arab economies

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