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4/30/24, 9:31 AM Investopia 2024 emphasises importance of driving new economy projects in AI, fintech, healthcare, environment
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 the uncertainty

of the global economic landscape, containing shocks and reducing risks for emerging
economies.

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