41.6 thousand Indian economic licenses entered the UAE market in 2024

Abdullah bin Touq Al -Marri, Minister of Economy, stressed that the UAE -Indian relations are characterized by a march extending for decades of economic cooperation based on mutual interests in various priority fields, in light of the vision of the wise leadership in the two friendly countries.
Bin Touq said that joint economic cooperation is witnessing increasing growth, as the total number of new Indian economic licenses that entered the UAE markets during the year 2024 reached more than 41.6 thousand licenses, bringing the total number of Indian licenses in the country more than 247 thousand licenses by the end of last year, Which works in various economic and commercial activities, as India is one of the largest markets for tourism to the Emirates, where he visits the country more than two million An Indian tourist annually, which indicates the depth and durability of bilateral economic relations.
This came during the participation of Ben Touq in the new version of the “Kerala Global Investment Summit” that started today in the Indian state of Kerala, with the participation of a number of senior officials, business leaders and international investors, as this version focuses on investing sustainable technologies and innovation in the future economic sectors, And explore new investment opportunities in various developmental fields, which contributes to enhancing economic growth and attracting foreign capital.
His Excellency pointed out that the UAE and India have common denominators in visions and strategies aimed at expanding the sectors of the new and sustainable economy.
He pointed out that this summit represents a vital platform to enhance joint commercial and investment partnerships, and to benefit from available opportunities, in a way that contributes to building a more prosperous and sustainable economic future for both countries.
Ben Touq, reviewing the opportunities of the UAE and the Indian state of Kerala, said that both sides provide an attractive investment environment based on innovation and sustainability, which enhances the opportunities for economic and commercial cooperation between them.
Bin Touq added during his speech at the summit that the UAE is one of the most attractive economies for global investments, as it provides a flexible organizational environment, global infrastructure, and investment incentives that support entrepreneurship and innovation, and the UAE is working to enhance its international partnerships through major sectors such as Renewable energy, advanced technology, financial services, and space, as well as strategic projects in food security and transportation, including It opens more opportunities for cooperation between the Indian and Emirati business community in the future.
He explained that Kerala has a strategic location on the Indian Ocean, along with an advanced infrastructure and qualified working forces, which makes it an ideal destination for international investors, especially in the sectors of sustainable technology, health, tourism, financial technology, food security, water, transport and energy, in line with the UAE vision in diversifying its economy, What opens the way for fruitful partnerships between entrepreneurs from the two countries.
Bin Touq called on the Indian business community to take advantage of the opportunities provided by the business environment in the UAE and expand their partnerships with the UAE private sector, which has become a strong global presence, a high competitive ability, and experience in managing major projects across various vital sectors.
Bin Touq highlighted the joint space project between the UAE and India within the framework of the (i2u2) initiative, which aims to develop advanced technological solutions to face environmental and climatic challenges, which reflects the depth of joint economic and technical cooperation.
In another context, Ben Touk participated in the opening of the Calicot Health Center, and reviewed his most recent digital solutions and advanced technologies in the field of health care, which is today one of the most promising economic sectors, as it is witnessing a continuous development driven by technology and innovation, which makes it an attractive investment sector that contributes to Stimulating economic growth, enhancing sustainability and supporting modern economies, by creating job opportunities, stimulating research and development, Improving the quality of life.