Page 146 - MOE ENGLISH PR REPORT - JANUARY 2024

1/31/24, 9:27 AM WAM - Emirates News Agency
to strengthen bilateral cooperation and support SMEs in the

markets of the two countries, empowering them with

possibilities to enhance growth, financing mechanisms and

competitiveness in various UAE-British economic activities and

to expand into foreign markets.

Moreover, the meeting saw the exchange of experiences in the

development of flexible economic policies and their role in

promoting the growth and sustainability of the two countries'

economy. Bin Touq reviewed the UAE’s advanced economic

legislative system and its role in enhancing the

competitiveness of the national business environment and

consolidating its leadership regionally and globally. These

include the promulgation and development of new legislation

for the sectors of cooperatives, commercial transactions,

commercial registry, and family businesses; the granting of

100% foreign ownership to companies; facilitating business

establishment procedures; and promoting openness to the

world by establishing international partnerships with targeted

strategic markets. In addition, he drew attention to the UAE’s

promising investment opportunities in the sectors of tourism,

family businesses, e-commerce, manufacturing, sustainable

transport, and technology.

 Hatem Mohamed

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