Minister of Economy emphasises need to create investment opportunities in new economy sectors

Minister of Economy emphasises need to create investment opportunities in new economy sectors

LONDON, 24th April, 2023 (WAM) -- Abdullah bin Touq Al Marri, Minister of Economy, participated in the 13th edition of the City Week 2023 Forum, running in London on 24- 26 April.

Through its three sessions, the latest edition of the forum discusses the issues of climate change, green financing and sustainability; institutional adoption; regulation of digital assets; and digitisation and innovation in capital markets.

Addressing the Climate Change, Green Financing, and Sustainability Summit, Bin Touq said: “The creation of investment opportunities in new economy sectors such as the space industry, renewable energy, circular economy and advanced technology is key to ensuring sustainable global economic growth. These sectors have the potential to contribute to building a more prosperous future for humanity.”

He added: “By investing in new economy sectors including renewable energy, the UAE has made significant strides in its transition towards a more flexible and diversified, knowledge-based economic model. The country began financing clean energy projects more than 15 years ago, and today, its investments in this space exceed USD 40 billion. Besides, the UAE plans to invest additional USD 160 billion over the next three decades to explore more promising investment opportunities in this key sector. These efforts will help solidify