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1/24/25, 3:48 PM UAE Champions Global Trade Innovation At World Economic Forum In Davos | Pakistan Point
operators who are deploying innovative solutions including AI, robotics and IoT capabilities to
address real-world challenges.

He stated, “Trade remains one of the most powerful drivers of economic growth, innovation, and
prosperity. With the right technologies, like AI and blockchain, we can revolutionise supply
chains, reduce barriers to entry, and bring greater transparency and inclusivity to global trade.
The UAE is committed to fostering these advancements and leading the way in creating a
smarter, more resilient global trading ecosystem.”
Al Zeyoudi concluded that “trade is evolving and nations like the UAE must seize this
opportunity to shape a new global trading system. By integrating advanced technologies and
fostering partnerships across borders, we can unlock unparalleled opportunities for economic
growth, sustainable development, and shared prosperity.”

Al Zeyoudi went on to share findings from the TradeTech Report, revealing that the adoption of
AI has the potential to increase trade in goods and services by up to 13.6 percent by 2040.
However, he said, the report warns of risks such as “AI divergence,” where uneven adoption
could fragment global trade systems. To counter this, Al Zeyoudi called for interoperability, trust-
building, and investment in workforce development and digital infrastructure as critical to
maximising AI’s benefits.

Al Zeyoudi also provided updates on the TradeTech Initiative’s TradeTech Accelerator and
Sandbox programs. According to Al Zeyoudi, the TradeTech Accelerator has now onboarded 15
startups developing solutions such as AI-powered customs automation and blockchain-enabled
trade finance platform, while the TradeTech Sandbox, which provides a collaborative space for
businesses and regulators to test and refine emerging technologies in real-world conditions, is
underway. Insights from the sandbox will be unveiled at the second TradeTech Forum, taking
place in Abu Dhabi in April 2025.

The UAE’s TradeTech Initiative, launched in 2023, reflects the country’s commitment to
modernising global trade systems and fostering collaboration between governments,
businesses, and innovators. By driving the adoption of technologies like AI, blockchain, and IoT,
the initiative aims to unlock trillions of Dollars in additional global trade value and ensure that the
benefits of trade are distributed equally.

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