Page 32 - MOE ENGLISH PR - APRIL 2024
P. 32
Press Release
the UAE. This amendment has resulted in the addition of over 275,000 new companies in the
country in just one and a half years. As of the end of 2023, there are more than 788,000 active
economic licenses in the UAE. Furthermore, H.E. noted that the country has attained the highest
global ranking for the number of new business ventures launched, according to the Global
Entrepreneurship Monitor (GEM) 2023-2024 report.
The UAE and Estonian sides discussed the significance of enhancing joint efforts in the tourism
and aviation industries. They explored innovative strategies to boost air connectivity and facilitate
the exchange of tourism flows. These efforts will foster new prospects for cooperation and
investment in these pivotal sectors.
The UAE and Estonia experienced a significant increase in non-oil trade exchange in 2023, with
a growth rate of 76.2 per cent compared to 2022. Additionally, the UAE's re-exports to Estonia
saw a notable rise of 66.3 per cent in 2023.
-Ends-
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