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UAE Launches ‘Markets of Tomorrow’ Initiative

UAE Launches ‘Markets of Tomorrow’ Initiative

Wednesday, 25 May, 2022 - 09:00
The UAE government announced the signing of an agreement with WEF in the development of applications of the Fourth Industrial Revolution. (Asharq Al-Awsat)

The UAE government has launched the "Markets of Tomorrow" initiative, in partnership with the World Economic Forum (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 boost its readiness to enter tomorrow's markets, utilizing the latest technological means.


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 Center.


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


The deal was signed in the presence of Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, Deputy Managing Director of Dubai Future Foundation, Jeremy Jurgens, Managing Director & Head of the Forum's Center for the Fourth Industrial Revolution, and Sebastian Buckup, Head of Network and Partnerships, Member of the Executive Committee, WEF.


Al Olama stressed that the strategic partnership between the UAE government and WEF aims to serve communities by employing artificial intelligence, blockchain and various technologies of the future, and sharing innovative experiences and practices to provide supportive environments for the development of new ideas and projects that accelerate the process of scientific, technological, and cognitive progress.


Khalfan Belhoul, CEO of Dubai Future Foundation, said that the Center for the Fourth Industrial Revolution shapes new policies and strategies in areas such as artificial intelligence, blockchain and digital assets, among others.


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