Page 66 - MOE ENGLISH PR - MAY 2024

Press Release

UAE participates in the inaugural Global Talent Summit 2024

in Hong Kong and showcases its commitment to fostering a
competitive environment for global talent

Initiatives and projects under the UAE Strategy for Talent Attraction and
Retention highlighted

Abu Dhabi, 13 May 2023

The Ministry of Economy (MoEc) participated in the Global Talent Summit 2024, held recently
at the Hong Kong Convention and Exhibition Centre in Wan Chai. The invitation to attend the
Summit was extended to the United Arab Emirates (UAE) by Chris Sun, the Secretary of Labour
and Social Welfare in Hong Kong.

The Ministry presented a white paper titled ‘Unlocking Success: Strategies for Successful Talent
Acquisition and Retention in the UAE,’ highlighting the nation's efforts and expertise in creating
a competitive environment for attracting and retaining talent in line with the international best
practices in this field. It also outlines the implementation of various talent attraction and retention
policies.

Fatima Al Hajri, Director of the Investment and Talent Attraction Department at the Ministry of
Economy, emphasized the significance of the UAE Strategy for Talent Attraction and Retention.
She highlighted its role in solidifying the UAE's position as a preferred destination for international
talent, in addition to various initiatives undertaken by the government since the launch of the
Strategy in 2021 with an aim to create an enabling environment for talented and qualified
individuals. The objective is to provide more opportunities and enablers to inspire greater
innovation and creativity, ultimately enhancing the country's competitiveness in talent attraction
and retention and improving its standing in global competitiveness indicators.

Al Hajri outlined that Talent Attraction and Retention Committee has effectively executed more
than 90 per cent of the initiatives and projects under the UAE Strategy for Talent Attraction and
Retention. Prominent initiatives include those pertaining to the residence system in general, and
the Golden visa and Green visa in particular. Moreover, legislation has been introduced to enhance
talent attraction and retention, alongside various projects and programs targeting the attraction and
retention of talented students. These accomplishments have been attained through three years of
consistent efforts since the strategy's launch in 2021.