UAE And WEF Partner On Accelerators And Blockchain

The UAE government has signed several agreements focused on boosting business accelerators and blockchain applications at the World Economic Forum (WEF) in Davos, Switzerland. In partnership with the WEF, the UAE government launched the “Markets of Tomorrow” initiative to develop new business accelerators.

These accelerators 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 latest technological means. The launch of the initiative is part of a comprehensive strategic partnership agreement between the UAE Ministry of Economy and the World Economic Forum’s New Economy and Society Center. The agreement was signed by Abdulla bin Touq Al Marri, The UAE Minister of Economy, and Saadia Zahidi, Managing Director, The World Economic Forum.

The UAE government also signed an agreement with the World Economic Forum to develop Fourth Industrial Revolution (4IR) applications. The agreement was signed in the presence of Omar bin Sultan Al Olama, The UAE Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, and Jeremy Jurgens, Managing Director and Head, WEF’s Centre for the Fourth Industrial Revolution. 

The partnership also aims to enhance the sharing of innovative experiences and practices to provide supportive environments for developing new ideas and projects that accelerate the process of scientific, technological, and cognitive progress.