Dubai: The United Arab Emirates has highlighted its leadership in economic diversification and the integration of artificial intelligence within the labor market. The country asserted that the future of economic diversification and its impact on the economic development of Arab nations is crucial for enhancing market stability and boosting job opportunities.
This statement was made by Dr. Abdul Rahman Al Awar, Minister of Human Resources and Emiratisation, who also serves as Minister of Higher Education and Scientific Research by proxy, during his participation as the head of the UAE delegation at the 51st Arab Labor Conference held in Cairo. The conference addresses pressing issues and challenges facing labor markets across the region.
Dr. Al Awar emphasized the UAE's pioneering experience and ambitious economic vision, acknowledging the early recognition of the importance of economic diversification. This strategy has significantly strengthened the UAE's global leadership in economic sectors, leading to an impressive 74% increase in the contribution of non-oil sectors to the national GDP. He confirmed that the UAE has established itself as a global hub for innovative businesses, artificial intelligence, and entrepreneurship, ranking first in the Arab world and second globally in attracting foreign direct investment. Additionally, the UAE stands first in the Arab world and 15th globally regarding outbound investment flows, and has topped the Global Innovation Index for 2024.
Furthermore, he noted that the UAE ranks 17th globally in the Human Development Index from the United Nations Development Programme, thanks to its advanced policies in education, healthcare, women's empowerment, and talent attraction. The conference also recognized the contributions of prominent figures in Arab labor, awarding Nasser Al Hammadi, the former Minister of Human Resources and Emiratisation, among 25 notable individuals for their exceptional contributions and dedicated efforts in advancing the causes of Arab labor and enhancing development and productivity.
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