Page 363 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

2/21/25, 1:21 PM Plug And Play Middle East Summit: UAE Minister Champions Role Of Technology In Trade - UrduPoint
Dr. 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..”

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 optimization.

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.

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