Dubai, UAE – The UAE continues to promote the new economic path as a pivotal pillar of sustainable economic growth.
It is thus based on innovation, advanced technology and the knowledge economy.
Which contributes to diversifying the economic base and raising levels of competitiveness in various sectors, including artificial intelligence and financial technology.
In addition to the green economy and advanced industries.
The Minister of Economy and Tourism, Abdullah bin Tawq Al Marri, stressed that “the UAE is witnessing a new phase in which it is moving from the knowledge economy and innovation model to the new economic model”.
He explained that this trend is today’s roadmap towards the economy of the future, and is one of the four main determinants set by the UAE government within the “We Are the Emirates 2031” vision.
To be the global center of the new economy by the next decade.
In addition, he pointed to the role of the Ministry’s initiatives, partnerships and projects in empowering and flourishing sectors of the new economy.
These include advanced technology, artificial intelligence, the digital economy, e-commerce, renewable energy, the circular economy, green technologies, media, digital arts, financial technology, and smart transportation.
This contributed to the number of companies and commercial licenses operating in sectors of the new economy reaching 56,000 licenses by the end of the first half of 2025.
development of legislation
Bin Touq explained that cooperation was made with partners in the public and private sectors to develop proactive legislation and policies to accelerate the country’s transformation into a global center for the new economic sectors.
10 policies and legislation were issued and updated in these vital sectors.
The most prominent of these are: the Law on Trade through Modern Technology, the Law on the Regulation and Protection of Industrial Property Rights, the Law on Copyright and Related Rights, and the Law on Commercial Transactions.
The new economy embodies the UAE’s clear national vision, which aims to build a flexible and diversified economy led by innovation, relying on national competencies and attracting qualitative investments, supported by a package of government policies and initiatives, flexible legislation and advanced infrastructure.
This system contributes to consolidating the UAE’s position as a global center for business and innovation, and enhancing its readiness for global economic changes and future requirements.
22 circular economy policies were adopted and implemented in several areas.
Which included measures to improve waste management and promote recycling in the country.
Starting with implementing extended producer responsibility, developing a waste separation system at the source in the residential, commercial, and institutional sectors, and establishing a national database for materials and waste.
In addition to regulating the flow of resources between the Emirates to support investments in recycling facilities and prevent the leakage of plastics and recyclable materials.
Sustainability of agricultural resources
It is noteworthy that the policies emanating from the Council include policies to reduce food loss and waste, and promote sustainable management of agricultural resources.
In addition to expanding the use of recycled content in consumer goods, regulating the life cycle of tires and biodiesel.
As well as developing electric vehicle infrastructure, standardizing charging systems, supporting sustainable atmospheric fuels, and improving operating lease regulation and waste oil management.
