The Economic Integration Committee of the UAE Ministry of Economy held its first meeting in 2025. This meeting was chaired by the Minister of Economy of the UAE, Abdullah Bin Toq Al Marri, and attended by Aliya Bint Abdullah Al Mazrouei, Minister of State for Entrepreneurship Affairs and the directors of all local economic development departments in the country.
Publish dateMonday 13 January 2025 - 17:18
According to Amac News: In this meeting, the committee's efforts and achievements in 2024 to promote the growth and diversification of the national economy were reviewed. Also, the participation of the committee in strengthening the competitiveness of the business and investment environment in the country was evaluated.
The Minister of Economy of the UAE emphasized that the economic performance of the UAE in 2024 is the result of exceptional and coordinated efforts that have led to progress in the transition to a new economic model based on innovation and knowledge. He added that these efforts have contributed to the growth and competitiveness of the national economy at the regional and global levels.
In the first half of 2024, the non-oil GDP of the UAE has grown by 4.4% compared to the same period in 2023, and the share of non-oil sectors has increased to 75% of the GDP by the end of this period.
Al Merri also highlighted the committee's success in improving dialogue and coordination with stakeholders at the federal and local levels to strengthen the UAE's economic legal system.
Last year, the committee held seven meetings, formed seven national working groups and was active in the implementation of key economic laws and policies. Also, it has issued 79 different recommendations, more than 98% of which have been successful and the rest are in progress.
In this meeting, the importance of further development of the UAE's intellectual property system was also emphasized. National projects such as "IP Finance" were introduced to facilitate startups' access to financial resources through intangible assets and patents.
These measures help the growth and competitiveness of the knowledge economy and emerging economic sectors of the country.
The Minister of Economy of the UAE emphasized that the economic performance of the UAE in 2024 is the result of exceptional and coordinated efforts that have led to progress in the transition to a new economic model based on innovation and knowledge. He added that these efforts have contributed to the growth and competitiveness of the national economy at the regional and global levels.
In the first half of 2024, the non-oil GDP of the UAE has grown by 4.4% compared to the same period in 2023, and the share of non-oil sectors has increased to 75% of the GDP by the end of this period.
Al Merri also highlighted the committee's success in improving dialogue and coordination with stakeholders at the federal and local levels to strengthen the UAE's economic legal system.
Last year, the committee held seven meetings, formed seven national working groups and was active in the implementation of key economic laws and policies. Also, it has issued 79 different recommendations, more than 98% of which have been successful and the rest are in progress.
In this meeting, the importance of further development of the UAE's intellectual property system was also emphasized. National projects such as "IP Finance" were introduced to facilitate startups' access to financial resources through intangible assets and patents.
These measures help the growth and competitiveness of the knowledge economy and emerging economic sectors of the country.
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Source : news agency wam
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