UAE successfully completes 54th WEF 2024

Abu Dhabi, 20 January 2024(TDI): The UAE successfully completed its participation in the 54th World Economic Forum (WEF) 2024, held in Davos, Switzerland, from January 15 to 19, 2024.

Reports suggest that this year, around 100 significant personalities, including business figures, private sector executives, and government officials, participated in various meetings, including panel discussions, conferences, and bilateral talks.

#الإمارات تختتم مشاركتها الناجحة في “دافوس 2024” بتعزيز تأثيرها ومساهماتها الدولية عبر اتفاقيات ومبادرات نوعية

The UAE concludes its participation on the 54th edition of the World Economic Forum 2024#الإمارات_في_دافوس 🇦🇪 pic.twitter.com/1aqOUr6x3Z

— UAEGOV (@UAEmediaoffice) January 19, 2024

Furthermore, at the 54th World Economic Forum Annual Meeting, global leaders gathered to restore trust, explore innovative ideas, and forge collaborations to create solutions for the challenges we face.

From artificial intelligence to climate change and global growth, the event examined how collaboration can help us address today’s and tomorrow’s concerns.

Workshops and Initiatives

Reportedly, at the 54th WEF 2024, over 450 workshops and discussions were held at the 2024 Annual Meeting, fostering dialogue and agreement from a variety of viewpoints.

Additionally, the Forum and its collaborators created over 50 high-impact initiatives that serve as continuous networks of collaboration across regions and industries.

Moreover, the UAE’s significant participation in the forum enhanced international partnerships and cooperation, fostering stability, development, and growth.

Also Read: UAE participates in 54th World Economic Forum 2024

Mohammad bin Abdullah Al Gergawi’s Vision

Also, Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs, stated that, as an active international competitor, the UAE is at the center of shaping future developments and devising unique and different solutions to global issues.

Meanwhile, this emphasizes its unique position and active participation, guided by President Sheikh Mohamed bin Zayed Al Nahyan’s ambition and the directives of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai.

In this context, he responded, “Distinguished by its proactive vision, unique developmental and economic model, and unparalleled contributions to bolstering international cooperation, the UAE has multiplied its credibility and garnered international trust for its impactful positive role across various regional and global issues.” 

According to reports, the UAE’s top business executives attended a forum involving heads of national companies, corporate executives, and major private sector entities, attracting around 3,000 attendees from over 100 countries this year.

Global Platform for Food Development Hubs

Sheikh Mohammed bin Rashid Al Maktoum, UAE’s Vice President and Prime Minister, and Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) pledged to invest around AED 37 million (US $10 million) in Gaza’s healthcare system as part of an agreement between MBRGI and the World Health Organization (WHO) at the World Economic Forum.

In addition, the UAE and the World Economic Forum have signed a memorandum of understanding to establish the Global Platform for Food Development Hubs. This initiative aims to expand innovative solutions for food transformation and global food production.

Within the framework of Food Innovation Hub UAE…. World Economic Forum and Mohammed bin Rashid Al Maktoum Global Initiatives Announce AED11 M Grant Program to Support New Ideas in Food Technologies across the world pic.twitter.com/3Jr37JH5CH

— UAEGOV (@UAEmediaoffice) January 18, 2024

Also, MBRGI has invested AED 60.6 million to support forcibly displaced people through food aid and economically viable projects. UNHCR received about AED 37 million to fund relief operations and sustainable development activities.

UAE’s minister of state for foreign trade, Al Zeyoudi, announced that the UAE has established EcoMark Global Authorization, aiming to enhance the competitiveness of micro, small, and medium-sized enterprises (MSMEs) in the global green economy by regulating sustainable testing processes.

Delighted to launch the EcoMark Global Accreditation at a UAE-hosted session on inclusive growth during @Davos. It is a first-ever global sustainability benchmark for MSMEs – and will help unlock a new form of competitive advantage for emerging enterprises. pic.twitter.com/7S8roOqT6x

— د. ثاني أحمد الزيودي (@ThaniAlZeyoudi) January 16, 2024

In collaboration with the World Economic Forum, the UAE government created the “We the UAE for Strategic Intelligence 2031” framework.

This digital model, powered by artificial intelligence, incorporates global knowledge tools and features insights from world-renowned experts.

Recognition for ‘Jahiz’ Initiative

Consequently, with the UAE’s successful completion of the 54th WEF 2024, the UAE government’s ‘Jahiz’ initiative, inaugurated by Sheikh Mohammed bin Rashid in November 2022, has been recognized as one of the top international initiatives in the World Economic Forum’s “Building a Resilient Tomorrow” report.

Actively engaging in discussions on technological breakthroughs and artificial intelligence in the education sector, the UAE emphasizes enhancing skills for learning and fostering partnerships between the government and industry to improve creative learning systems.