Page 355 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/28/24, 4:32 PM UAE launches TradeTech Accelerator
"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 Report and the

gathering of the first TradeTech Forum, which was held alongside the 13th 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. (ANI/WAM)

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