Page 141 - MOE ENGLISH PR REPORT - OCTOBER 2024

Inaugural Global Conference on Economic

Diversification 2024 begins in Dubai

WAM
1st November 2024, 00:54 GMT+11

DUBAI, 31st October, 2024 (WAM) -- The first Global Conference on Economic Diversification
launched its two-day agenda in Dubai today, Thursday, 31st October 2024, organised by the
Mohammed Bin Rashid School of Government (MBRSG) at its headquarters in the Dubai World
Trade Centre.

The conference is set to become an annual event, convening thought leaders from renowned
universities, policy-making institutions, and international organisations, to explore policy, thought
leadership, methodological, and theoretical research related to economic diversification.

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, Alia bint Abdullah Al
Mazrouei, 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 percent 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," she added.

She highlighed 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, 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" he explained. "It offers leading specialists and government

https://www.bignewsnetwork.com/n