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10/28/24, 4:31 PM UAE launches TradeTech Accelerator - Middle East Business News and Information - mid-east.info
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.”

His Excellency 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 incentivizing 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 & 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. By enabling startups to unlock the potential of

advanced and emerging technologies, the TradeTech Accelerator Program is paving the way to develop innovative
solutions that will shape the future of trade and enhance its role in sustainable development”.

Tim Stekkinger, Head, TradeTech Global Initiative, World Economic Forum: “Startups are leading a new era of trade
innovation, using technology to break down barriers across logistics, finance, and more. By working alongside

corporates and regulators, they are crucial in addressing today’s most pressing trade challenges.”

On partnering with the TradeTech Accelerator, Saeed Amidi, Founder & CEO at Plug and Play, said: “We are excited to
launch the TradeTech Accelerator Program in partnership with the Ministry of Economy of the UAE, the Abu Dhabi

Department of Economic Development, and the World Economic Forum. This program will play a vital role in
supporting the growth of innovative startups shaping the future of trade and creating more efficient, secure, and

sustainable trade globally.”

Since the launch of the Global TradeTech Initiative in Davos in 2023, the UAE has continued to lead efforts to create a

modern, digitally-enabled trading system. The launch of the Accelerator follows the publication of the first TradeTech
th
Report and the gathering of the first TradeTech Forum, which was held alongside the 13 Ministerial Conference of the
World Tarde Organization in Abu Dhabi in February 2024.

The Annual Meeting of the Global Future Councils 2024 is being hosted by the UAE. The meeting features 30 thematic
councils focused on future opportunities across five key areas including technology and AI, climate and environment,

governance, economy and finance, and society. The event brings together a diverse group of leaders, thinkers, and
innovators from around the world to share their insights and visions for the future.

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