Page 322 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/29/24, 8:32 AM UAE announces TradeTech incubator as it supports logistics, AI and finance startups - Arabian Business: Latest News on the Midd…
Al Zeyoudi said: “The TradeTech Initiative underlines the UAE’s leadership on global trade
issues. By driving innovation and promoting the integration of advanced technologies,

including AI, into supply chains, we can envision a more efficient, more robust and more
accessible global trading system.

“The TradeTech Accelerator is an essential part of these efforts, supporting the

development of the ideas and enterprises that will enhance processes right the way along
the value chain, from securing trade finance to customs clearance documentation.

“The Accelerator will not only provide the support and guidance to develop the best

TradeTech solutions but connect them with key players in the logistics and trade sectors to
ensure they are viable and scalable. This step will begin to turn promising projects into

real-world solutions.”

Ahmed Jasim Al Zaabi, Chairman of ADDED, said: “The launch of TradeTech Accelerator
Program is fully aligned with strategic objectives of the UAE and Abu Dhabi, which is an

epitome of incentivising innovation, championing startups, and developing advanced
technologies to enhance efficiencies in the trade ecosystem.

“Hub71, Abu Dhabi’s global tech ecosystem, and the Advanced Trade and Logistics

Platform (ATLP), the single window platform for trade, emerge as testament to our

commitment and efforts to support convergence of trade and technology, support of
startups and technological innovations”.

“We are continuously evolving trade facilitation solutions, including AI-powered systems, to

simplify procedures, reduce time and cost, and increase trade volumes as we cement Abu
Dhabi’ position as preferred hub for talents, businesses, investments, and a key node on

international supply chains.

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