Page 356 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

The TradeTech Accelerator has already shown promising results. In collaboration with Plug and Play,
it has identified 14 promising startups from 1,500 candidates worldwide. These ventures focus on
AI-driven logistics, blockchain-powered trade finance, and digital supply-chain optimisation.
The summit featured discussions on AI’s evolving role in entrepreneurship. Experts from
technology, investment, and trade sectors explored topics like fintech trends and blockchain
advancements. They also discussed how AI is transforming industries and enhancing human
capabilities.

Dr. Al Zeyoudi highlighted the need for international trading communities to leverage startup
potential. He pointed out that outdated systems often hinder progress, urging a shift towards more
innovative approaches.

He added: "Through the TradeTech Initiative... Their success can unlock new opportunities for
commerce across the world." This underscores the UAE’s commitment to leading technological
advancements in trade.
The agility and creativity of these startups not only improve supply chains but also strengthen the
UAE’s innovation ecosystem. This initiative showcases how technology can drive economic growth
by enhancing efficiency in global trade processes.

The summit's panel discussions provided insights into AI’s transformative impact on various
sectors. Participants examined how AI can augment human capabilities while reshaping traditional
business models.
By focusing on empowering entrepreneurs with cutting-edge solutions, the UAE aims to establish
itself as a leader in smart global trade practices. The country is setting up necessary regulatory
frameworks to support this technological shift.

This approach reflects a broader vision of integrating advanced technologies into everyday
business operations. It highlights the potential for AI to revolutionise traditional methods of
conducting international trade.

https://www.onearabia.me/local/uae-minister-technology-role-global-trade-011-97271.html