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The UAE delegation at the World Economic Forum 2022 in Davos, Switzerland

The UAE delegation at the World Economic Forum 2022 in Davos, Switzerland



UAE delegation highlights national vision at WEF

01 June 2022

The UAE will strive to  promote global trade and fill funding gaps, enhance global food security, launch the ‘Markets of Tomorrow’ and develop applications of the Fourth Industrial Revolution in tie-up with the World Economic Forum (WEF).

The official delegation of the UAE to WEF ‘Davos 2022’ shed light on the unrelenting and continuous efforts made by the UAE in various fields of interest at the global level, announced new initiatives and agreements to further enhance collaboration with WEF.

 

Supporting trade

Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said in a speech during his participation in the ‘Closing the Trade Finance Gap’ session that the UAE is keen to push the global economic growth to new heights. He said that UAE is committed to supporting efforts to promote global trade and fill funding gaps in trade and export business, and stimulate innovation and growth in the digital economy.

Dr Al Zeyoudi also added that UAE is keen to create new opportunities based on modern technology to advance the overall global development process and improve the lives of peoples and communities.

Dr Al Zeyoudi discussed the UAE government’s adoption of an ambitious strategy that will enable it to strengthen its foreign trade in accordance with the rapid global changes, to meet the requirements of the next phase in the development process of the country.

 

Food security

During her participation in a session entitled “Averting a Global Food Crisis”, Maryam Almheiri, Minister of Climate Change and Environment, said that the UAE government is committed to supporting international efforts to enhance global food security and adopt healthy, and sustainable food systems to achieve the goals of comprehensive development and combat hunger in the world, ensuring that the current and future needs of societies are met.

Almheiri said that the rapid changes taking place in the world require strengthening international cooperation and global partnerships and coordinating efforts to enhance food security and avoid a food crisis that affects all.

She added that the need of the hour was to adopt broader concepts and practices of sustainability, and sharing successful experiences and experiences between governments, states and the private sector.

 

Partnerships

During her participation in a dialogue session entitled “Safeguarding Global Scientific Collaboration”, Sarah bint Yousef Al Amiri, Minister of State for Advanced Technology and Chairwoman of UAE Council of Scientists, stressed the UAE government’s keenness to strengthen partnerships and constructive global cooperation in the field of scientific research.

She said the UAE plays a pivotal role in this sector and displayed the achievements of the UAE Council of Scientists, in providing scientific advice to UAE institutions and decision-making centres.

She pointed out the importance of constructive cooperation by sharing the results of scientific research, which contributes to the development of solutions to current and future challenges and touched on the role of the UAE in sharing the data of the Emirates Mars Mission ‘Hope Probe’ with more than 200 scientific institutions and research centres around the world.

 

New initiative

The Forum also saw the UAE government launch the ‘Markets of Tomorrow’ initiative, in partnership with WEF. The initiative aims to develop new business accelerators that will prepare the UAE’s national economy to embrace business activities focused on the new economy and enhance its readiness to enter tomorrow’s markets, utilising the latestw technological means.w

The launch of the initiative is part of a comprehensive strategic partnership agreement between the UAE Ministry of Economy and WEF’s New Economy and Society Centre. The agreement was signed by Abdulla Bin Touq Al Marri, UAE Minister of Economy, and Saadia Zahidi, managing director at WEF.

The UAE government also announced the signing of an agreement with WEF in the development of applications of the Fourth Industrial Revolution.  




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