The Economic Integration Committee held its fourth meeting of 2025, chaired by His Excellency Abdullah bin Touq Al Marri, Minister of Economy, and attended by His Excellency Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade, along with directors of local economic development departments from across the UAE. The committee reviewed the positive outcomes achieved by the national economy in 2024, highlighting its role in enhancing economic diversification and the competitiveness of the business and investment environment in the country. Additionally, the committee examined a report tracking the recommendations from its third meeting earlier this year.
His Excellency Abdullah bin Touq Al Marri emphasized that, thanks to the forward-thinking vision of the leadership, the UAE economy continues to achieve exceptional growth across various sectors. Non-oil GDP grew by 5%, reaching AED 1,342 billion, with non-oil sectors contributing 75.5% to the nation’s GDP. This underscores the success of the economic diversification policies adopted by the UAE and its ability to adapt to rapid global economic changes.
He stated: “The efforts of the committee and the economic development departments in the seven emirates have been instrumental in achieving these outstanding results and supporting the country’s economic competitiveness on regional and global levels. We remain committed to fostering national collaboration to develop more economic legislation aimed at enhancing the business environment and positioning the UAE as a leader in proactive economic regulations by the next decade, in line with the goals of ‘We Are the UAE 2031’.”
The meeting also discussed updates on cooperation plans between federal and local entities to develop key economic legislation, crucial for the UAE’s transition to a knowledge- and innovation-based economic model, which will significantly enhance economic competitiveness and business environment attractiveness.
The committee reviewed developments regarding the mutual evaluation of the UAE’s efforts to combat money laundering and terrorist financing, a key factor in bolstering the national economy’s reputation globally. The evaluation aims to understand risks, strengthen policies, ensure compliance with international standards, and enhance transparency for the international community and the domestic business sector. Progress on the operational plan for company registrars, which reflects collaborative efforts between federal and local government entities, was also highlighted.
— new from (البيان)