Page 51 - MOE ENGLISH PR REPORT - OCTOBER 2024

Press Release

Furthermore, H.E. urged entrepreneurs, technology industry leaders, and academic institutions
participating in the 44th edition of the GITEX Global to capitalise on the incentives and
technological infrastructure offered by the UAE, along with the advantages provided by the
country's business ecosystem. Thanks to its leading legislative and regulatory structure for
establishing businesses, the UAE today has become as a favoured destination for technology
investments. H.E. stressed the significance of collaborating with the private sector to accelerate
and facilitate the integration of AI applications in economic fields.

During the session, H.E. Bin Touq reviewed several initiatives and legislation implemented by the
country to optimise AI’s applications in various economic sectors, including healthcare, finance,
logistics, education, research and development. These efforts strengthen the UAE's competitive
capabilities and emphasise its role as a prominent global hub for the new economy. One of the key
initiatives is ‘Future 100,’ which focuses on businesses operating in sectors such as space, fintech,
renewable energy, educational technology, advanced and creative industries, agricultural
technology, biotechnology, and cybersecurity. Additionally, the Ministry of Economy has
introduced the National Economic Registry, 'Growth,' to support commercial companies and
enterprises in understanding market trends and digitally managing economic activities using
cutting-edge AI technologies.
-Ends-

For further information, please contact:

Orient Planet Group (OPG)
Tel: +971 4 4562888
Email: media@orientplanet.com
Website: www.orientplanet.com