H.E. Abdulla Bin Touq Al Marri, Cabinet Member and Minister of Economy, UAE, is scheduled to speak at ET’s Global Business Summit, on 18th February.
Under the new government structure approved in July 2020, H.E. Abdulla Bin Touq Al Marri was appointed Minister of Economy of the United Arab Emirates (UAE). He is the Chairman of the General Civil Aviation Authority, the UAE International Investors Council, and the Board of Trustees of the CSR UAE Fund.
His wisdom and knowledge stem from his extensive career, which includes his time as Director General of His Highness Sheikh Mohammed bin Rashid Al Maktoum’s Executive Office, where he was one of the Area 2071 founders. Area 2071 is a global first: a 100,000 square-foot cluster of X-labs bringing together government, corporates, and startups to solve ‘billion-people’ problems. He was the driving force behind the 10-year Golden Visa scheme, designed to attract global investors, scientists, and entrepreneurs to the UAE.
“Foreign trade was a key factor for the UAE to enter the next stage of its economic development” H.E. Abdullah stated. As a senior, top-ranking official, H.E. Al Marri held important positions in the government. Since 2017, he has served as Secretary General of the UAE Cabinet, where he has been instrumental in strengthening the interdependence of the federal and local governments. In this capacity, he also spearheaded numerous initiatives to gauge public sentiment and build long-term relationships with international organisations such as the World Economic Forum.
H.E. Al Marri participates on the boards of directors of several federal agencies. His memberships enable him to actively contribute to the growth of priority sectors in the country, such as the Golden Visa initiative, which aims to attract talented people from all over the world. The Golden visa is a long-term residence visa that allows foreign talents to live, work, or study in the UAE while benefiting from exclusive benefits such as a six-month entry visa with multiple entries to proceed with residential issuance. A (5 or 10) year renewable long-term residence visa
Following his appointment as Minister of Finance, the CEPA between the UAE and India went into effect on May 1, 2022. Businesses can now take advantage of a variety of new benefits as a result of the agreement, including increasing exposure of UAE exports to the Indian market through tariff reductions or elimination on more than 80% of products.
“India-UAE economic pact will be foundation stone for next era of success” affirmed H.E Abdulla Bin Touq Al Marri.