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10/28/24, 4:33 PM UAE launches TradeTech Accelerator
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 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 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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