Page 27 - MOE ENGLISH PR - APRIL 2024

Press Release

ASEAN countries, especially as it shares its land borders with China and many of the initiative’s
member states.

Furthermore, H.E. Bin Touq briefed the ASEAN Secretary-General on the economic developments
in the UAE business environment, including the amendments made to the Commercial Companies
Law to allow 100% foreign ownership, the modernization of visa and residency systems and the
introduction of self-employment and green residency pathways to enhance the country’s
attractiveness to talents, employers and businesses. In addition, initiatives launched to support the
country’s transition towards a circular economy were highlighted, most notably the UAE Circular
Economy Policy 2031.

H.E. said that the UAE's participation in this year's China-ASEAN Expo as a special partner is a
testament to the growth of economic ties between the two sides.

-Ends-

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