Page 358 - MOE ENGLISH PR REPORT - OCTOBER 2024

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

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