Dubai: The Ministry of Economy organised the "Future of the Economy" forum, bringing together economic policymakers, experts, thought leaders, and representatives of international economic organisations to discuss transformative and modern trends that are shaping the growth and sustainability of regional and global economies.
According to Emirates News Agency, the forum explored the evolving trade dynamics and ongoing developments in the global economy. The event was part of the World Governments Summit (WGS) 2025, held from 11th to 13th February under the theme "Shaping Future Governments". The forum featured three panel discussions on key topics, including the emergence of innovative industrial policies, the formation of new economic blocs and their role in supporting economic growth, and the opportunities for regional economic growth in 2025. Additionally, it addressed economic and geopolitical challenges hindering regional and global economic growth, as well as promising opportunities in emerging markets.
Abdulla bin Touq Al Marri, Minister of Economy, stated that organising the forum at this year's WGS demonstrates the UAE's commitment to fostering dialogue and knowledge exchange with experts, policymakers, and thought leaders. The purpose is to explore the latest trends shaping the global economy to make it more adaptable and sustainable. In his speech, Al Marri emphasized the importance of embracing international best practices and fostering an environment conducive to cooperation and collective efforts to formulate strategies that bolster the growth and sustainability of economies.
He highlighted that, under the wise leadership's guidance, the UAE has developed a unique approach to adapting to global economic changes and navigating regional and international geopolitical challenges. The UAE has focused on the Emiratisation of technology and innovation in crucial economic sectors, while also introducing flexible economic policies to diversify its economy, leading non-oil sectors to account for more than 75 percent of the national GDP.
Al Marri added that the UAE continues to attract global talent and has established fruitful economic partnerships with leading markets regionally and globally, positioning itself as a leading global hub for business and investment. It has become a home for startups and entrepreneurs. The Minister of Economy also highlighted the role of sovereign wealth funds, particularly in the Gulf Cooperation Council (GCC) countries, in financing regional and global development projects.
The first session of the forum, titled "Rising of Innovative Industrial Policies", focused on transitioning towards innovation-based policies, economic flexibility, and balancing open markets with national priorities. The session highlighted industrial policies' role in accelerating the transition towards net-zero carbon emissions, driving innovation and local production, and enhancing supply chain efficiency and flexibility.
The second panel discussion, titled "The Presence of Regional and Global Multiple Economic Blocs," explored the significance of major economic blocs in enhancing global trade growth and achieving shared economic benefits for countries. It also discussed enhancing economic integration amid recent global shifts.
The third session, titled "Growth Prospects for the Regional Economy in 2025," featured insights on governments' approaches to addressing inflation, energy transitions, climate change, and investment opportunities. Participants reviewed the latest global trends in future technology and innovation, digital boundaries in finance and financial services, and the role of international financial institutions in bridging investment gaps and ensuring capital flows across markets.
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