Page 35 - MOE ENGLISH PR - APRIL 2024

News Report

UAE's commitment to sustainability & 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 center
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 that 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 emphasized 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