Page 369 - MOE ENGLISH PR - APRIL 2024
P. 369

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://www.msn.com/en-ae/news/other/investopia-2024-emphasises-importance-of-driving-
               new-economy-projects-in-ai-fintech-healthcare-environment/ar-AA1nO1mr
   364   365   366   367   368   369   370   371   372   373   374