Page 303 - MOE ENGLISH PR REPORT - JANUARY 2024

UAE launches Global TradeTech

Sandbox during World Economic

Forum in Davos

The TradeTech Sandbox aims to spark innovation in trade technology and

establish best practices for its global adoption.

It will achieve this by implementing flexible and forward-looking regulatory frameworks that unlock the
potential of these technologies. (Image credit: Reuters)
The UAE government, during its participation in the 54th Annual Meeting of the World
Economic Forum in Davos, Switzerland, launched a Global TradeTech Sandbox, as part
of the TradeTech Initiative, in partnership with the Ministry of Economy, the Abu Dhabi

Department of Economic Development, and the World Economic Forum (WEF). This
came through a memorandum of understanding signed during the WEF in the presence

of Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs, and Klaus Martin
Schwab, the WEF Founder and Executive Chairman. The MoU was signed by Thani bin

Ahmed Al Zeyoudi, Minister of State for Foreign Trade, Ahmed Al Jasim Al Zaabi,
Chairman of the Abu Dhabi Department of Economic Development, and Sean Doherty,

https://www.zeebiz.com/world/news-uae-launches-global-tradetech-sandbox-during-world-economic-
forum-in-davos-272966