Page 324 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 1)

9/29/24, 12:12 PM World FZO's 10th annual World Congress concludes in Dubai
strengthen trade relations and partnership networks between the economic zones of

the member states. Additionally, there was a focus on expanding activities to

include modern economic sectors that align with the requirements of the age of

artificial intelligence, digital trade, the Fourth Industrial Revolution, and advanced

technologies.

The congress agenda featured plenary sessions on the future of logistics, energy,

access to finance, manufacturing, and the digital sector. Each session outlined the

latest developments, challenges, and solutions for these sectors. The 'Future of

Logistics' session highlighted the UAE's use of automation and the Internet of

Things to increase efficiency across ports, airports, and roads, while discussions

also focused on carbon reduction strategies, green economy regulations, and the

importance of public-private partnerships in adopting sustainable logistics

technologies.

The 'Future of Access to Finance' session explored the evolution of free zones and

their role in regionalizing supply chains and creating job opportunities. Participants

stressed the importance of access to finance in driving foreign direct investment

projects into new areas, particularly in Asia and Latin America. Meanwhile, the

'Future of Energy' session discussed the strategic role of free zones in connecting

global energy markets, highlighting the UAE's leadership in renewable energy and

the transformative potential of artificial intelligence in energy management to

enhance efficiency and sustainability.

Additionally, the session on the 'Future of Manufacturing' focused on the role of

free zones in enhancing education, workforce development, and economic growth.

It emphasized the importance of addressing misconceptions about free zones and

the need to balance formal education with vocational training. The session on the

digital sector explored the future of artificial intelligence, machine learning,

cybersecurity, and data privacy, highlighting the role of free zones in fostering

innovation, digitization, and boosting foreign direct investment flows.

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