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

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

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