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11/1/24, 3:19 PM Inaugural Global Conference on Economic Diversification 2024 explores policy options, pathways and challenges on its first day - M…

The conference builds on the Economic Diversification Index (EDI) series, the influential

publication and dataset MBRSG compiles and publishes annually at the World Government
Summit.

In a keynote speech delivered at the inaugural edition of the conference, Her Excellency Alia
Bint Abdulla Al Mazrouei, UAE Minister of State for Entrepreneurship, said: “Under the guidance

of its wise leadership, the UAE has established a leading global model for economic
diversification. Non-oil sectors now account for a remarkable 74 per cent of the country’s GDP.

Despite rapidly evolving regional and global economic landscapes, the UAE remains committed
to implementing policies and strategies that bolster economic competitiveness and

sustainability, recognising the transformative power of entrepreneurship, innovation,
technology, and forward-thinking industries in shaping our nation’s future.”

“We continue our endeavours to stimulate growth in future sectors, such as renewable energy,
circular economy, AI, biotechnology, R&D, and advanced manufacturing. Moreover, a wide array

of initiatives was launched to enhance the competitiveness of the national entrepreneurship
ecosystem, empower women in entrepreneurship across diverse sectors, and support

businesses and startups operating in sectors of new economy, technology, and AI, in line with
the objectives outlined in the ‘We the UAE 2031’ vision,” H.E. added, highlighting that the

hosting of this conference by the Mohammed Bin Rashid School of Government is yet another
reflection of the UAE’s effort to promote global dialogue on sustainable economic progress and

addressing related challenges.

For his part, H.E. Dr. Ali bin Sebaa Al Marri, Executive President of MBRSG, said: “The

Mohammed Bin Rashid School of Government is committed to playing its part in the UAE’s
vision for a sustainable future, which significantly prioritises economic diversification. MBRSG

not only strives to empower the leaders of tomorrow, but also to develop datasets, insight, and
tools for government leaders to use in their informed, evidence-based decision-making

process.”

“The Global Conference on Economic Diversification – the first in this annual series of events –
fulfils both of these objectives, building on the School’s thought leadership in developing the
Global Economic Diversification Index” H.E. explained. “It offers leading specialists and

government stakeholders from around the world a platform to share cutting-edge thematic
research, analyse global findings and develop policy insights, while also bringing influential

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