Page 495 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

4/23/25, 4:27 PM Economic Integration Committee reviews latest developments in the enhancement of economic legislation to bolster competitivenes…
H.E. Bin Touq stated that the UAE, thanks to the directives of its wise leadership, has made significant strides in
building an advanced economic legislative framework characterized by flexibility and stability. This ensures an ideal
and attractive economic environment for investors, entrepreneurs, and business owners from around the world,

boosting national economic growth.

In this context, His Excellency highlighted the key role played by the Economic Integration Committee in continually
enhancing the UAE's economic legislation and policies, adopting innovative national initiatives, and enhancing

cooperation and coordination with partners at both federal and local levels. These efforts have ensured greater
alignment and coherence across the country's legislative and regulatory landscape, given that the UAE has
introduced over 30 economic laws and resolutions in the past four years.

The Minister of Economy said: “The UAE is ushering in a new phase focused on strengthening the competitiveness
of its legislative environment in line with global best practices. This follows the Cabinet's approval of an integrated
smart legislative system to guide the development of legislation and regulations across the UAE Government.

Powered by artificial intelligence and advanced digital solutions, the system has enhanced the Committee's
capabilities in proposing and developing economic 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

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