Page 471 - MOE ENGLISH PR REPORT - OCTOBER 2024

“It was not easy to attract talent about four or five years ago. Today, it is much easier because we
have an ecosystem and projects that attract talent," he added.

The UAE has introduced several long-term residency initiatives such as 10-year visas, and 5-year
visas for investors, students, professionals, entrepreneurs and others to attract the best talent and
capital from around the world. So far, Dubai has awarded a 10-year Golden Visa to thousands of
people in the emirate since it was rolled out before the pandemic.

Faisal also stressed that the UAE is moving to the knowledge economy.

“UAE is taking a partnership approach to collaborate with the best players and invest in future
technologies. We are also building our own technologies that are sovereign to us and that we
control. I think AI is something we can’t miss. We definitely want to be in the driver's seat when it
comes to AI.”

Faisal noted that in a few year's time, AI will start making decisions on basic topics on behalf of the
people such as basic planning, routing of networks, basic works in hospitality and fixing
appointments.

“There are many layers of decision-making that people will start relegating to AI in 3 to 5 years.”

Abdullah bin Touq Al Marri, Minister of Economy, also spoke on different aspects including the
macroeconomic outlook, the need for talent and other issues at Gitex Global.

He added that they are targeting to increase non-oil share from currently 74 per cent to 80 per cent
by 2030.

https://www.khaleejtimes.com/life-and-living/uae-offers-citizenship-golden-visa-to-attract-the-
best-talent-says-top-official