Page 149 - MOE ENGLISH PR REPORT - JANUARY 2024

The two sides discussed strengthening prospects for economic partnerships and

facilitating dialogue between the UAE and British private sectors. This will open up new

avenues for cooperation, especially given the diversity of economic opportunities in both

markets and the possibility of providing more facilities and incentives to exporters and

importers in the two countries, thereby supporting the growth and sustainability of both

economies.

Bin Touq highlighted the UAE’s vision to promote economic openness and build fruitful

partnerships with leading regional and global strategic markets. He also underscored its

vital role in supporting major economic clusters, which will shape the future of the global

economy. These efforts are supported by the UAE’s position as a competitive and

vibrant economic hub, which offers direct connectivity to more than 400 cities around

the world and boasts extensive shipping lines connecting 88 ports worldwide.

To this end, the Minister of Economy held a bilateral meeting with Bim Afolami,

Economic Secretary to the Treasury, to discuss strengthening cooperation in the

sectors of fintech, digital transformation, entrepreneurship, circular economy, financial

services and renewable energy.

During their meeting, the two sides shared views on leading global entrepreneurship

practices. They also discussed ways to strengthen bilateral cooperation and support

SMEs in the markets of the two countries, empowering them with possibilities to

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