Page 66 - INVESTOPIA ENGLISH PR REPORT FEBRUARY - MARCH 2025

and a global vision shared by countries and societies from Europe to the UAE, China, India
and others. He called on the United States of America to return to the climate agreement.

Key drivers for building resilient and sustainable economies
To highlight the importance of entrepreneurship in supporting the global economy, a session
entitled "Leading the Future: Innovation and Entrepreneurship as Pillars of Economic Growth"
was held, with the participation of Her Excellency Alia Al Mazrouei, Minister of State for
Entrepreneurship; and Her Excellency Dr. Jelena Begovic, Minister of Science, Technological
Development and Innovation of the Republic of Serbia.

The session focused on the role of national policies in promoting innovation and
entrepreneurship to build resilient economies in light of rapid global changes, in addition to
focusing on developing environments that support innovation by facilitating financing,
providing incentives, and enhancing cooperation between the public and private sectors.

Her Excellency Alia Al Mazrouei explained that the UAE boasts a flexible legislative and
regulatory environment, which has contributed to providing all the capabilities and
opportunities for entrepreneurs and owners of small and medium enterprises. The country
provides many opportunities for young entrepreneurs and has launched many initiatives in this
regard, including the launch of the Emirates Youth Council for Entrepreneurship. It is a key
milestone in enhancing national economic competitiveness and providing more capabilities and
opportunities for Emirati entrepreneurs.

Her Excellency also explained that the UAE pays great attention to integrating artificial
intelligence into the country's main economic sectors, aiming to increase the contribution of
artificial intelligence to the country's GDP to 14%, equivalent to AED 96 billion by 2030. These
goals are driven by a large set of incentives provided by the country at all levels – be it in terms
of establishing and starting businesses, attracting and retaining entrepreneurial talents, or
developing the country's infrastructure and legislation, which has contributed to the country's
global position as a dynamic hub for startups.

“Serbia aims to become a major hub for biotechnology and artificial intelligence in Europe
through several important measures such as targeting more than 4,000 students in postgraduate
studies in this field. We have also integrated artificial intelligence applications into primary
education in the country to enhance this strategic direction,” said H.E. Jelena Begovic, noting
that the future of legislation related to artificial intelligence is one of the biggest challenges we
face currently, calling for strict laws and ethical rules for the use of AI.

A new path to sustainability and economic development

In a session titled “The Future of the Circular Economy: Global Perspectives and the UAE’s
Path to the Future,” Massimo Mocio, Vice President of Corporate and Investment Banking at
IMI at Intesa Sanpaolo Group, and Jonquil Hackenberg, Executive Director of the Ellen
MacArthur Foundation, discussed the importance of the shift towards a circular economy in
the business sector.

Massimo Mocio praised the significant progress made by the UAE in the field of the circular
economy, noting that companies that care about the circular economy are now better positioned
to mitigate risks, especially those related to debt repayment. He reviewed Intesa Sanpaolo
Bank’s plan for sustainable investment and financing environmental initiatives, including