Ministry of Economy
Ministry of Economy carries out the preparation of the project of the General Development plan of the state, identifies its stages and annual divisions and all matters associated to that such as projects, legislations and proposals. All in view of the general strategic plan of the state and the studies it makes besides the preprograms and information presented by the various ministries.
Internationally competitive and diversified economy under the leadership of efficient and knowledgeable nationals.
To develop the national economy and create a pro-business environment that contributes to achieve balanced and sustainable development of the country, through the enactment and modernization of economic legislations , foreign trade policies, development of national industries and exports, promotion of investment, regulation of competition and Small and Medium Enterprises (SMEs) sector, protection of consumer and intellectual property rights, and diversification of economic activities, under the leadership of efficient nationals, in line with international standards of creativity, excellence and knowledge economies.
Competencies of the Ministry:
Propose the economic and commercial policy that realize the economic development, increase production, raise standard of living and realize welfare to nationals.
Construct plans, programs and projects necessary to implement the above policies.
Propose projects for legislation and organizational regulations for the commercial and economic activity and supervise the legislations and regulations implementation.
Prepare legislations that organize the various training stages suitable to realize the economic and customs unity within the Emirates constituting the UAE in cooperation with the ministry of Finance and industry and the other concerned ministries.
Cooperate with concerned ministries in conducting economic and commercial agreements and follow up the activities of the economic organizations, construct international and regional exhibitions and all that can support the trade exchange with other countries.
Implement legislations for Israel boycott and taking necessary decisions on this concern.
Prepare the economic development researches and studies.