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4/30/24, 9:29 AM Investopia 2024 emphasises importance of driving new economy projects in AI, fintech, healthcare, environment

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.

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.

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.

Investopedia sessions noted that governments' desire to adopt competitive

economic legislation, flexible fiscal policies and tax facilities is key to overcoming
the uncertainty of the global economic landscape, containing shocks and reducing
risks for emerging economies.

In addition, the speakers pointed out that developing countries face many current
challenges, including high inflation rates and failure to effectively meet their

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