Page 279 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

2/24/25, 10:44 AM UAE Leads Global Trade Transformation Through AI and Innovation
“Trade is undergoing a complete transformation driven by automation and digital
innovation,”

he stated.

“We must enable entrepreneurs to develop solutions that foster inclusive global trade
while establishing the necessary regulatory frameworks.”

The UAE’s TradeTech Initiative, launched in collaboration with the World Economic
Forum, is at the forefront of this transformation. Key components include the
TradeTech Accelerator and a Regulatory Sandbox, designed to fast-track
innovation. Dr. Al Zeyoudi revealed that the accelerator, developed with Plug and
Play, has already identified 14 high-potential startups from 1,500 global applicants.
These ventures are pioneering AI-driven logistics, blockchain-powered trade finance,
and digital supply-chain optimization, showcasing the UAE’s robust innovation

ecosystem.

The summit also featured fireside chats and panel discussions exploring AI’s expanding
role in entrepreneurship, fintech trends, and blockchain applications. Participants
underscored the transformative potential of AI in augmenting human capabilities and
driving industry-wide change.

As the UAE continues to champion technological advancement, its efforts are set to
unlock new opportunities for global commerce, reinforcing its position as a hub for
innovation and trade.

News Source: Emirates News Agency

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