Page 501 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)
P. 501
4/23/25, 4:27 PM Economic Integration Committee Reviews Latest Developments In The Enhancement Of Economic Legislation To Bolster Competiti…
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
https://menafn.com/1109445555/Economic-Integration-Committee-Reviews-Latest-Developments-In-The-Enhancement-Of-Economic-Legislation-To-B… 2/3

