Page 743 - MOE ENGLISH PR REPORT - OCTOBER 2024

Thani Al Zeyoudi underscores AI's transformative

power during TradeTech knowledge-sharing session

• Thursday, October 3, 2024 3:38 PM
• 3 minutes Reading

ABU DHABI, 3rd October, 2024 (WAM) -- Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for
Foreign Trade, has highlighted the importance of governments, businesses, and international
organisations working together to invest in digital infrastructure, support innovation, and integrate
tools such as Artificial Intelligence (AI) to develop a modern, resilient, and future-proof global
trading system.

Dr. Al Zeyoudi made these remarks during a knowledge-sharing session as part of the TradeTech
Initiative, the three-year global project led by the World Economic Forum (WEF), the UAE Ministry of
Economy, and the Abu Dhabi Department of Economic Development (ADDED).

AI is the core theme of the TradeTech Initiative’s second year, reflecting its emerging influence on
the logistics sector. Titled "AI and Global Trade: Future of TradeTech", the session gathered industry
experts, technology practitioners, and thought leaders to offer insights on where AI’s
transformational potential can best be harnessed—and where its impact on supply-chain
efficiencies is already being felt. For instance, AI tools are enabling companies to source and
evaluate new suppliers based on size, location, and relevant certification, and even automate
negotiations using chatbots to provide and agree on transportation quotes.

In his address to launch the knowledge-sharing session, Dr. Al Zeyoudi emphasised the case for AI's
adoption throughout global trade. “Artificial intelligence enables us to fast-forward into the future.
We can leave behind cumbersome legacy systems that stifle growth and dampen productivity. Its

https://www.wam.ae/en/article/b1w4c22-harnessing-fdi-for-driving-trade-report-launched