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10/16/24, 9:31 AM Thani Al Zeyoudi underscores AI’s transformative power during TradeTech knowledge-sharing session – UAE Business and Travel…

Thani Al Zeyoudi underscores AI’s

transformative power during TradeTech

knowledge-sharing session

BY CONTENT ADMIN

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.

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