Inaugural Global Conference on Economic Diversification 2024 Explores Policy and Pathways on Day One
The first Global Conference on Economic Diversification launched today at the Dubai World Trade Centre, bringing together 150 experts from over 30 countries and international organizations. Organized by the Mohammed Bin Rashid School of Government (MBRSG), the conference explores policy, thought leadership, and research related to economic diversification, grounded in insights from the Economic Diversification Index (EDI) published annually at the World Government Summit.
H.E. Alia Bint Abdulla Al Mazrouei, UAE Minister of State for Entrepreneurship, delivered a keynote highlighting the UAE’s commitment to diversification. "Non-oil sectors now account for 74% of the UAE’s GDP. With evolving global landscapes, we remain dedicated to strengthening our economic competitiveness through innovation and sustainability," she stated.
Key Insights from the Conference
The conference agenda featured a panel titled "Economic Diversification Pathways in the Gulf Region" that examined strategies to shift away from fossil fuel dependence toward sustainable development. Esteemed speakers included H.E. Tariq Rashid Al Suwaidi from the UAE Ministry of Economy, Dr. Al Moatasim Al Yaaqubi from Oman’s Tanweea, Dr. Jarmo Kotilaine of Bahrain’s Economic Development Board, and Dr. Vito Intini from the UNDP.
A session on "Financing Green Pathways to Economic Diversification" followed, led by Dr. Mahmoud Mohieldin, UN Special Envoy on Financing for the 2030 Agenda.
Dr. Fadi Salem, co-chair of the conference, shared that 70 research papers were submitted, with 19 selected for publication by MBRSG. “The conference provides a platform for thought leaders worldwide to share insights and policy ideas,” he noted.
Held from October 31 to November 1, 2024, the Global Conference on Economic Diversification will be an annual event, fostering dialogue on sustainable economic growth and diversification. More information is available at economicdiversification.com.
