Ministry of Economy

Established in accordance with Federal Law No (1) of 1972, the UAE Ministry of Economy has played a crucial role in shaping the country's economic landscape. The Ministry’s vision focuses on creating an internationally competitive and diversified economy, driven by efficient and knowledgeable UAE nationals. This vision is closely aligned with the goals of the UAE Vision 2021, which aims to position the UAE as a global economic leader.

The Ministry's responsibilities are vast and include fostering a business-friendly environment by enacting enabling financial legislations and regularly updating them to encourage and regulate the economic climate. It plays a significant role in the development of national industries, the growth of exports, and the regulation of the Small and Medium Enterprises (SMEs) sector. The Ministry also ensures the protection of consumer and intellectual property rights.

A key focus is to encourage national exports, facilitating access to new markets by eliminating growth barriers. It works to attract foreign direct investment through promotional campaigns that highlight the UAE’s robust investment environment and opportunities. Additionally, the Ministry coordinates economic, commercial, and industrial plans among the emirates, ensuring a unified approach to economic development.

The Ministry’s vision is to create a resilient and sustainable global economy, ensuring leadership and prosperity for the UAE. Its mission is to develop a flexible economy of the future that encourages investment, attracts talent, and improves the standard of living and prosperity for society through proactive policies.