Page 493 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

P. 493

4/23/25, 4:27 PM Economic Integration Committee reviews latest developments in the enhancement of economic legislation
legislation and policies, assessing their real-time impact on the business community, and streamlining
coordination with relevant stakeholders in the country.” His Excellency explained that the new system
will play a key role in achieving the national target outlined in the ‘We the UAE 2031’ vision, which is to
make the UAE the first globally in developing proactive legislation for new economic sectors by the next

decade.

Other topics discussed by the Committee include developments in the legislative and executive
framework for regulating and protecting competition in the UAE. Emphasis was placed on the
importance of organizing workshops and seminars in collaboration with relevant local entities to raise

awareness on the importance of enforcing competition laws and policies across various economic
sectors and preventing monopolistic practices. These efforts are aimed at achieving economic balance
in the market and protecting consumer rights.

Furthermore, the latest Committee meeting reviewed the progress made by the UAE Circular Economy
Council so far, most notably the adoption of 22 circular economy policies across four main sectors:

manufacturing, food, infrastructure, and transport. It also includes the establishment of the Circular
Economy Policy Committee and the formation of partnerships with the UAE private sector to drive
growth in sustainable technologies, clean energy, and waste management. The Committee reiterated its

commitment to ensuring the effective implementation of these policies and accelerating the transition to
a circular economy model, which will help secure a more prosperous future for current and future
generations while advancing the nation’s vision to become the world’s most prosperous society by the
next decade.