Latest Economic Integration Committee meeting discusses development, implementation of National Economic Register

Latest Economic Integration Committee meeting discusses development, implementation of National Economic Register

ABU DHABI, 30th May, 2023 (WAM) -- The Economic Integration Committee held its second meeting for the year 2023, chaired by Abdullah bin Touq Al Marri, Minister of Economy, and attended by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and representatives of the local economic development departments from all emirates.

The meeting discussed a range of key economic issues, including access to legislation supporting the growth of new economy sectors in the UAE, as well as cooperation between the federal and local authorities concerned with the implementation of these laws. The Committee also discussed strengthening of the AML/CFT efforts of the Ministry of the Economy and its partners.

In his opening speech addressing the Committee, Bin Touq reviewed prominent economic growth indicators achieved by the UAE in 2022, under the vision and guidance of the UAE's wise leadership. These include the GDP growth that totalled AED 1.62 trillion at constant prices, up 7.6 percent, whereas current prices reached AED 1.86 trillion, growing by more than AED 337 billion, up 22.1 percent from 2021. The growth figures reflect the UAE’s robust economic performance in various sectors and economic and trade activities despite global economic shifts.

He explained that the