UAE Economic Integration Committee Charts Path for 2025: A Year of Legislative Innovation and economic Growth
The Economic Integration committee held its first meeting of 2025, marking a pivotal moment in the UAE’s journey toward economic diversification and legislative excellence. Chaired by Abdullah bin Touq Al Marri, Minister of Economy, and attended by Alia bint Abdullah Al Mazrouei, Minister of State for Entrepreneurship, alongside directors of local economic development departments, the meeting underscored the UAE’s commitment to fostering a competitive business environment through innovative legislation and policies.
The committee reflected on its 2024 achievements, which included the development of five new legislations and four economic policies. These efforts targeted vital sectors such as cooperatives, family businesses, consumer rights protection, companies, and anti-money laundering. The UAE’s non-oil GDP grew by 4.4% in the first half of 2024, with non-oil sectors contributing 75% to the national economy—a testament to the contry’s triumphant economic diversification strategy.
A Vision for the Future
Abdullah bin Touq Al Marri emphasized the UAE’s transition to a knowledge-based economy, driven by innovation and global best practices. “The economic work in the country in 2024 witnessed extraordinary activity and concerted efforts,” he stated, highlighting the UAE’s ambition to become a global leader in proactive legislation for emerging economic sectors by 2031, in line with the We Are the Emirates 2031 Vision.
The committee’s 2024 annual report revealed important milestones, including 13 supported initiatives. Among these were efforts to enhance intellectual property rights, boost Emirati product competitiveness in foreign markets, and support family businesses in achieving generational continuity. The committee also issued 79 recommendations, with over 98% implemented, showcasing its efficiency and impact.
Key Initiatives and Legislative Progress
One of the standout initiatives discussed was the Ministry of Economy’s INSTABLOCK project, aimed at protecting copyrights for live internet broadcasts. Additionally, the “IP Finance” initiative seeks to facilitate startups’ access to financial resources for intangible assets and patents, further solidifying the UAE’s position as a hub for innovation and entrepreneurship.
The committee also formed seven national working teams to enforce legislation and economic policies, holding seven meetings throughout 2024. These efforts have strengthened coordination between federal and local authorities, ensuring a unified approach to economic development.
Looking Ahead
As the UAE continues to refine its economic framework, the Economic Integration Committee remains focused on developing forward-thinking legislation. With a goal to lead the world in proactive economic policies,the UAE is poised to attract global investors and businesses,reinforcing its status as a premier destination for innovation and growth.
| Key Highlights of the Economic Integration committee’s 2024 Achievements |
|:———————————————————————————:|
| Non-oil GDP Growth | 4.4% in H1 2024 |
| Non-oil Sector Contribution | 75% of GDP |
| New Legislations Developed | 5 |
| Economic Policies Issued | 4 |
| Initiatives Supported | 13 |
| Recommendations Issued | 79 (98% implemented) |
The UAE’s commitment to economic integration and legislative innovation sets a strong foundation for 2025 and beyond. As the country continues to diversify its economy and enhance its business environment,the world watches closely,inspired by its vision and achievements.Staying informed about the latest developments in local and global news has never been easier, thanks to platforms like Google News.Whether you’re interested in sports updates, political shifts, or economic trends, Google News offers a extensive hub for all your details needs. By following their publications, you can access real-time updates and in-depth analyses that keep you ahead of the curve.
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UAE Economic Integration Committee Charts path for 2025: A year of Legislative Innovation and Economic Growth – an Exclusive Interview with Dr. Layla Al-Hassan, Economic Policy Expert
The UAE’s Economic Integration Committee has been at the forefront of the nation’s economic transformation, driving legislative innovation and fostering a competitive business environment. As the committee sets its sights on 2025, we sat down with Dr. layla Al-Hassan, a renowned economic policy expert, to discuss the UAE’s achievements in 2024 and its aspiring plans for the future. Dr. Al-Hassan, who has advised governments and international organizations on economic diversification, shares her insights on the UAE’s journey toward becoming a global leader in proactive legislation and economic growth.
Reflecting on 2024: A Year of Milestones
Senior Editor: Dr.Al-Hassan, thank you for joining us today. The UAE’s Economic Integration Committee has had a remarkable year in 2024. What, in your opinion, were the most meaningful achievements?
Dr. Layla Al-Hassan: Thank you for having me. The committee’s work in 2024 was indeed groundbreaking. One of the standout achievements was the growth of five new legislations and four economic policies, which targeted critical sectors like cooperatives, family businesses, and consumer rights protection. These efforts have not only strengthened the UAE’s legal framework but also enhanced its business environment. Additionally, the 4.4% growth in non-oil GDP during the first half of 2024 is a testament to the success of the UAE’s economic diversification strategy.
Senior Editor: The committee also issued 79 recommendations, with over 98% implemented. How dose this level of efficiency impact the UAE’s economic landscape?
Dr. Layla Al-Hassan: The high implementation rate reflects the committee’s commitment to actionable outcomes. It ensures that policies and recommendations translate into tangible benefits for businesses and consumers. This efficiency is crucial for maintaining investor confidence and fostering a dynamic economic ecosystem.
Legislative Innovation: A Catalyst for Growth
Senior Editor: The UAE has been focusing on legislative innovation to support emerging sectors. Can you elaborate on how initiatives like INSTABLOCK and IP Finance are shaping the future of the economy?
Dr. Layla Al-Hassan: Absolutely. The INSTABLOCK project, aimed at protecting copyrights for live internet broadcasts, is a game-changer for the digital economy. It addresses the challenges of intellectual property in the digital age, ensuring that creators and innovators are protected. Similarly, the IP finance initiative is pivotal for startups, as it facilitates access to financial resources for intangible assets like patents. These initiatives not only safeguard intellectual property but also position the UAE as a hub for innovation and entrepreneurship.
Senior Editor: How do these efforts align with the UAE’s broader vision for a knowledge-based economy?
Dr.Layla Al-Hassan: The UAE’s transition to a knowledge-based economy is driven by innovation and global best practices. By prioritizing intellectual property rights and fostering a supportive environment for startups, the country is laying the foundation for sustainable growth. This aligns perfectly with the “We Are the Emirates 2031 Vision,” which aims to make the UAE a global leader in proactive legislation for emerging sectors.
Strengthening Economic Integration: the Role of National Teams
Senior Editor: The committee formed seven national working teams to enforce legislation and economic policies.How do these teams contribute to the UAE’s economic integration?
Dr. Layla Al-Hassan: These teams play a critical role in ensuring coordination between federal and local authorities.By holding regular meetings and fostering collaboration, they create a unified approach to economic development. This not only enhances policy implementation but also ensures that all regions benefit from the UAE’s economic progress.
Senior Editor: What challenges do these teams face, and how are they overcoming them?
Dr. Layla Al-Hassan: One of the main challenges is maintaining consistency across different regions while addressing their unique needs. Though, the committee’s emphasis on data-driven decision-making and stakeholder engagement has been instrumental in overcoming these challenges. The teams also leverage technology to streamline processes and improve efficiency.
Looking Ahead: A Vision for 2025 and Beyond
Senior Editor: As we look toward 2025, what are the key priorities for the Economic Integration Committee?
Dr.layla Al-Hassan: The committee’s focus will remain on developing forward-thinking legislation that supports economic diversification and innovation. Key priorities include enhancing the competitiveness of Emirati products in foreign markets, supporting family businesses, and strengthening consumer rights protection. The UAE is also committed to attracting global investors by creating a business-friendly environment.
Senior Editor: How do you see the UAE’s economic landscape evolving in the coming years?
Dr. Layla Al-Hassan: The UAE is on a trajectory to become a global leader in economic policy and legislative innovation. With its focus on knowledge-based industries and proactive legislation, the country is well-positioned to attract investment and talent from around the world. The achievements of 2024 have set a strong foundation, and I am confident that 2025 will be another milestone year for the UAE.
Engaging the Global Community
Senior Editor: how can the global community stay informed about the UAE’s economic developments?
Dr. Layla Al-Hassan: Platforms like Google News are invaluable for staying updated on the UAE’s progress. By following publications and engaging with real-time updates, individuals and businesses can gain insights into the latest developments. Sharing these updates on social media platforms like Facebook,Twitter,and LinkedIn also helps spread awareness and foster global collaboration.
Senior Editor: Thank you, Dr. Al-Hassan, for sharing your expertise and insights. It’s clear that the UAE’s Economic Integration Committee is paving the way for a prosperous future.
Dr. Layla Al-Hassan: Thank you. It’s an exciting time for the UAE, and I look forward to seeing how these initiatives unfold in the years to come.
Stay informed about the UAE’s economic journey and other global developments by following Google News today. Share your thoughts and engage with the community to be part of the conversation!
