Page 275 - MOE ENGLISH PR REPORT - AUGUST 2024

8/29/24, 4:41 PM PRESSR: HE Alia Al Mazrouei visits Khalifa Innovation Centre, in5 Business Incubator and Masdar Free Zone — TradingView News
“flexible regulatory environment” to support these companies, in addition to

strengthening ties with universities with a focus on research and development.

They also agreed on the need to unify efforts and form a joint working team
between the Ministry of Economy and TECOM to advance initiatives that bolster

the entrepreneurship ecosystem.

‘Masdar City’: A Hub of Innovation and Technology

During her visit to the free zone in Masdar City, Her Excellency met with Ahmed

Baqhoum, CEO of Masdar City. The Masdar team provided an overview of the

city’s recent achievements, emphasising advancements in emerging

technologies. They outlined Masdar’s focus on six key sectors: space, energy,
life sciences, agricultural technologies, AI, and mobility.

Her Excellency gained insights into both current and future plans designed to
support start-ups and SMEs. She learned about the diverse range of options and

co-working spaces available for establishing businesses and various activities.

The visit underscored how entrepreneurs can take advantage of the

opportunities and resources available in the area, which is considered an ideal

hub for innovation, technology, and emerging businesses. The zone is home to
both local and international companies, along with leading global organisations

across a variety of vital sectors.

The discussion also highlighted the challenges faced by entrepreneurs, including

the struggle to secure funding and obtaining specialised equipment needed to

develop innovative technologies. Both parties emphasised the necessity of

enhancing collaboration to create a joint programme that supports the adoption

of emerging technologies and develops tools to help establish forward-looking
companies.

‘Khalifa Innovation Center’: An incubator for Deep Technology

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