Economic Integration Committee Reviews Positive Results of the National Economy 2024
As part of its ongoing efforts to enhance economic development, the Economic Integration Committee held its fourth meeting for 2025, focusing on the positive results of the national economy for 2024. Chaired by His Excellency Abdullah bin Touq Al Marri, Minister of Economy, and supported by His Excellency Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade, the committee reviewed indicators reflecting the success of economic policies in the country and their ability to face challenges. This meeting comes at a critical time, highlighting the committee’s role in supporting economic diversification and enhancing the business environment.
Positive Results for Economic Growth
His Excellency Abdullah bin Touq Al Marri affirmed that the UAE economy, thanks to the visionary leadership, is achieving exceptional growth results across various sectors. Statistics showed a 5% growth in non-oil GDP, reaching a value of 1,342 billion dirhams. The contribution of non-oil sectors to the country’s GDP has increased to 75.5%, reflecting the effectiveness of policies aimed at promoting economic diversification.
Enhancing the Business Environment
The meeting highlighted the importance of following up on the recommendations from the third meeting, as these efforts are considered a cornerstone in supporting economic competitiveness. His Excellency Al Marri emphasized the urgent need to continue national collaborative efforts to develop new economic legislation. He mentioned that the UAE aims to lead globally in proactive legislation for new economic sectors by 2031, in line with the objectives of the “We are the Emirates 2031” vision.
Collaboration Among Different Entities
The committee discussed updates on cooperation plans among ministries and government entities to develop economic legislation. The importance of these legislations in achieving a transition towards a knowledge-based and innovative economy was emphasized, contributing to improving the competitive environment for investors. Developments related to the national file on combating money laundering and financing terrorism were also discussed, as they are a crucial driver for enhancing the global reputation of the national economy.
Joint Efforts for a Brighter Future
The meeting reviewed the progress of the operational plan for company registrars, where effective collaboration between federal and local government entities is taking place to enhance transparency and efficiency. These efforts represent a living example of the commitment to necessary economic reforms to support growth and create an attractive business environment, affirming the positive results of the national economy for 2024 and the bright future aspirations ahead.