Page 569 - MOE ENGLISH PR - MAY 2024

The speakers were of the opinion that Investopia Europe plays a vital role in
facilitating the movement of different forms of capital across both government

and private sectors. This, in turn, contributes to empowering of investments that

shape future economies. Additionally, it serves as a source of encouragement for
entrepreneurs to forge new business partnerships.

The speakers highlighted the significance of enhancing economic collaboration

frameworks between the Gulf Cooperation Council states and the European

Union in the upcoming phase. The objective is to establish new and promising
investment prospects for the GCC and European private sectors, which will

contribute to the advancement of business growth and economic endeavours in

these nations.

During the Investopia Europe sessions, experts addressed the UAE’s new
economic model centred around knowledge and innovation. Their discussions

emphasized the unique prospects and enablers this model offers to Italian and

European businesses of varying scales. Moreover, this model strives to foster a
competitive landscape favourable for the expansion of SMEs. Additionally, the

experts underscored the UAE’s economic significance and its strategic location in
bolstering global economic progress.

They outlined the vital role of the Mediterranean region in strengthening
economic ties between the Middle East and Europe and the significance of SMEs

in driving economic growth. They further highlighted the strategies for countries

to collaborate through policy coordination and economic partnerships in response
to rapid global changes.

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-

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