Page 335 - MOE ENGLISH PR - APRIL 2024
P. 335

4/30/24, 9:24 AM  Investopia 2024 emphasises importance of driving new economy projects in AI, fintech, healthcare, environment | Emirates News …
          projects. Furthermore, the UAE boasts a robust digital infrastructure and possesses numerous resources such as energy and electricity that
          bolster the development of these crucial sectors.
          Fintech, a promising sector for attracting investment
          Investopia 2024 emphasised that Fintech is a highly promising and rapidly developing sector within the investment landscape. Fintech
          encompasses a wide range of fields such as payment services, transfers, microfinance, insurance, regulation, cybersecurity, blockchain, and
          cryptocurrencies.
          The speakers underlined the convenience and flexibility of investing in Fintech compared to other economic activities. They also acknowledged
          the considerable growth in investment opportunities within this crucial sector, as well as the expanding base of investors interested in funding
          various fintech-related activities and fields, particularly digital assets.
          Role of sustainability, financial stability and technology in successful investments in the sports industry
          During the latest Investopia sessions, experts noted that the success of investment in the sports industry depends on a holistic approach based
          on sustainability and financial stability. Technology and community responsibility will play a prominent role in shaping the future of sports
          investment at the global level, enhancing audiences' experiences while attending matches and expanding their access to sports.
          They also reported that emerging markets have promising investment opportunities in many sports activities, with the potential to be leveraged
          optimally. Sports projects based on collaboration between the government and private sectors are a major catalyst for promoting growth and
          innovation in the ever-evolving global sports landscape.
          Discussions during the Investopia sessions noted that the realities of women's sports are gradually changing, and working to increase their
          diversity will create more investment opportunities, which will support the value of sports activities and sectors at the global level. Investors and
          entrepreneurs must therefore view sports through broader perspectives and comprehensively, especially in light of promising investment
          prospects for women's sport.
          UAE's commitment to sustainability and innovation in the aviation sector
          Speakers highlighted the importance of continuously developing investment strategies for the future of the aviation and tourism industry, the

          transformative potential of electric helicopters and the reliance on sustainable fuels. The speakers reviewed the UAE's pioneering experience in
          the commitment to sustainability and innovation in the aviation sector and its role in promoting the growth and sustainability of the UAE economy,
          as well as the country's desire to expand the field of electric take-off and vertical landing aircraft (eVTOL), thus enhancing its position as a
          leading global centre for the aviation sector.
          Prompt Action to Address Climate Change
          Participating experts stressed the need for urgent action on climate change and addressing environmental challenges in an effective and
          integrated manner, and for action to provide catalysts to encourage investment in environmental sustainability. The need to develop new
          strategies which are adaptable to geopolitical variables and other factors that pose a challenge to global economic resilience was also
          highlighted.
          Investing in people and talent
          Investopia sessions drew attention to the importance of increasing investments from governments and the private sector in the human
          component and talent as one of the most important strategic elements in economic and social development. This is necessary to meet the future
          needs of societies and enable talents and brilliant minds to innovate and develop advanced digital applications that contribute to providing
          solutions to support economic growth.
          Embracing innovation to meet global economic challenges
          Speakers noted that creating an enabling environment to promote innovation and build entrepreneurial enterprises based on creativity and
          excellence is critical to meeting global economic challenges. The government sector’s focus on reducing carbon emissions and driving digital
          transformation would support the competitiveness of that environment and enhance economic stability.
          They also emphasised the UAE's pivotal role in promoting artificial intelligence innovation and developing new industries that support the future
          of sustainable economic development and a rapid transition towards the digital age. The proactive approach adopted by the UAE to shift from
          carbon-intensive industries to sustainable initiatives such as the significant expansion of clean energy was also highlighted. Speakers pointed out
          the UAE as a model for building a future economy based on innovation, knowledge and sustainability.
          Flexible fiscal policies enhance resilience to shocks and reduce risks

      https://wam.ae/en/article/13vzflm-investopia-2024-emphasises-importance-driving-new                           2/3
   330   331   332   333   334   335   336   337   338   339   340