Page 549 - MOE ENGLISH PR - MAY 2024

Participants highlighted that the transition towards sustainability poses a significant

challenge for both small and medium-sized enterprises. This challenge requires
substantial investments in the creative economy, technology, and AI sectors to
effectively address this challenge. It is crucial to capitalize on cutting-edge technologies
and adhere to global best practices in developing creative economy industries.

Moreover, Investopia Europe sessions highlighted the significance of fostering

collaboration to establish policies and develop a tourism experience that promotes
sustainable tourism industry. They emphasized the need for investing in professional
training and education across various sectors of the tourism, recognizing its vital role as

a key contributor to economies around the world.

Experts reviewed the emerging trends in the tourism and hospitality sectors, focusing on
the importance of innovation, sustainable practices, and international cooperation.
These factors play a crucial role in driving the growth of the industry and enhancing
visitor experiences. Additionally, solutions to address the challenges that hinder the

growth of global tourism sector were discussed.

In this context, the speakers highlighted the UAE’s distinctive approach to investing in
the tourism and hospitality sectors, along with the development of state-of-the-art
tourism infrastructure. They emphasized that this approach serves as a unique model

for attracting international tourism investments. This approach focuses on investments
in sectors and activities that foster growth and prosperity in tourism industry, particularly
in the current stage where collaborative efforts and creating joint action plans are
essential to ensure sustainable tourism growth.

The speakers emphasized the significance of implementing strategies and policies to

foster economic openness globally. The importance of expanding businesses in
international markets, finding ways to overcome the challenges of international trade,
and capitalizing on the government's support to enhance global competitiveness were
also highlighted.

During the sessions, the experts emphasized the influence of digitalization on Italy's
pharmaceutical industry and highlighted the significant role played by trade promotion
organizations in fostering its growth. This holds particular significance as the UAE’s

https://www.zawya.com/en/press-release/events-and-conferences/2nd-edition-of-investopia-
europe-provides-forward-looking-outlook-on-investments-r81qizp4