In a strategic move to enhance its role as a global trade hub, the United Arab Emirates plans to launch an AI-powered foreign trade platform. This platform aims to improve the efficiency of trade procedures and strengthen trade relations with global markets, reflecting the country’s future direction in utilizing the latest technologies to boost the non-oil economy.
Signing the Agreement with Prisaite
In an official ceremony attended by Minister of Cabinet Affairs Mohammed Al Gergawi, the Ministry of Foreign Trade signed an agreement with Prisaite, a company specializing in AI solutions that is part of the UAE’s G42 Group. This partnership aims to build a platform fully reliant on artificial intelligence, contributing to the acceleration of foreign trade procedures and facilitating operations in a more innovative and flexible manner.
The Role of the Platform in Foreign Trade Strategy
The AI platform is considered one of the cornerstones of the strategic program “UAE: A Global Trade Hub,” launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum last November. The program aims to enhance the UAE’s position as a key gateway for the flow of goods and services and to expand into new markets for national exports.
Benefits of AI in Enhancing Trade
Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, stated that this platform will provide accurate data and analytics on global trade trends, benefiting the local business community. He added, “Artificial intelligence can bring about significant changes in business operations, making it easier for companies to tackle challenges and seek new opportunities more effectively.”
Strategic Partnership with Prisaite
Mohammed Al Mansouri, Vice Chairman of Prisaite, confirmed that the platform will enhance the UAE’s competitiveness in global supply chains. He explained, “AI will enable governments and businesses to make better decisions, contributing to the creation of a more dynamic and effective business environment.”
The Global Importance of the Platform
The need for new strategies in global trade has necessitated the existence of this platform, which analyzes vast data from various information sources. This initiative, under the ministry’s guidance, will help understand the systems and requirements needed to access new markets, in addition to providing smart services such as certificates of origin, making the UAE a model to emulate in the global trade arena.
These steps are part of the UAE’s efforts to implement the best technological solutions to enhance the national economy, positioning the country at the forefront of nations benefiting from innovations in artificial intelligence.