Page 359 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

Plug and Play Middle East Summit: UAE Minister

champions role of technology in trade

UAE Minister Thani bin Ahmed Al Zeyoudi highlights the role of AI and advanced technologies in
transforming global trade at the Plug and Play Middle East Summit, showcasing how the UAE is
leading in implementing tech-driven solutions for smarter, faster trade.

ANI

Updated At : 11:02 PM Feb 05, 2025 IST

Abu Dhabi [UAE], February 5 (ANI/WAM): Thani bin Ahmed Al Zeyoudi, UAE Minister of State for
Foreign Trade, has underscored the transformative role of advanced technologies -- particularly
artificial intelligence (AI) -- in driving a new era of smarter, faster, and more efficient global trade and
how the UAE is taking the lead on their implementation.

Speaking at the inaugural Plug and Play Middle East Summit, an event that brought together
industry pioneers, government officials, and investors to showcase innovations shaping the
economy of tomorrow, Al Zeyoudi emphasised the urgent need for the international trading
community to harness the power of startups and release the value that is being locked away by
outdated systems and human-centric processes.

Al Zeyoudi stated: "The UAE recognises that trade is undergoing a complete transformation, driven
by new technologies, automation, and digital innovation. It is vital we empower entrepreneurs and
startups to develop cutting -edge solutions that enable smarter, faster, and more inclusive global
trade -- while establishing the regulatory frameworks and interoperable systems needed to deploy
them. Through the TradeTech Initiative, launched in partnership with the World Economic Forum,
we are accelerating these efforts, including the establishment of the TradeTech Accelerator and a
Regulatory Sandbox. Their success can unlock new opportunities for commerce across the world.."

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He continued: "The TradeTech Accelerator, developed in collaboration with Plug and Play, is already
yielding results. From a pool of 1,500 top-tier startups worldwide, we have identified 14 high-
potential ventures pioneering AI-driven logistics, blockchain-powered trade finance, and digital
supply-chain optimisation. Their agility and creativity will not only enhance supply chains but also
reaffirm the strength of the UAE's innovation ecosystem."
The summit included a series of fireside chats and panel discussions, bringing together leading
figures from technology, investment, and trade to explore AI's evolving role in entrepreneurship.
Discussions covered a wide range of topics, from fintech trends and blockchain to the
transformative impact of AI on industries and its role in augmenting human capabilities. (ANI/WAM)

https://www.tribuneindia.com/news/world/plug-and-play-middle-east-summit-uae-minister-
champions-role-of-technology-in-trade/