Page 387 - MOE ENGLISH PR - APRIL 2024

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

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