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Thursday, February 22, 2024

UAE Pioneers TradeTech Revolution at WEF

(DAVOS,) – Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, announced at the World Economic Forum a groundbreaking initiative, TradeTech Global, celebrating its first year. The focus is on leveraging AI, blockchain, and IoT to boost global trade, projecting a USD 9 trillion value increase among G7 nations. The UAE confirmed plans for a trade tech incubator and a regulatory sandbox. Dr Thani stressed global collaboration, joined by Børge Brende, President of WEF, and Ngozi Okonjo-Iweala, Director-General of WTO. The initiative includes the Trade Tech Alliance and TradeTech Forum, aligning with the UAE’s commitment to innovation in trade tech

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