Today: 31 May 2025
8 November 2021
2 mins read

‘UAE steadily enhancing its role in global economy’

Sheikh Mohammed said, UAE continues to explore new avenues for contributing to the growth and development of global trade and commerce, by deploying advanced technologies…reports Asian Lite News

The UAE, guided by the vision of its founding fathers, has been steadily enhancing its role in the global economy, contributing both to accelerating its growth and shaping its future, said Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.

The Prime Minister was visiting the DP World pavilion at EXPO 2020 Dubai. His Highness toured various sections of the pavilion, one of the event’s highlights, presented under the slogan ‘Making Trade Flow’.

Sheikh Mohammed visits DP World Pavilion at Expo 2020

He was briefed on the main features of the DP World pavilion, located in the Al Forsan zone. The pavilion demonstrates the connectivity and movement of cargo across the world and highlights the vital role of smarter trade in the global economy.

“As a vital commercial hub, the UAE has developed significant capabilities to facilitate international trade, expand connectivity and create robust logistics networks, in partnership with nations and institutions across the world,” said Sheikh Mohammed during the visit. “By deploying advanced technologies, we continue to explore new avenues for contributing to the growth and development of global trade and commerce.”

Sheikh Mohammed was accompanied on the tour by Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, and Abdulla bin Damithan, CEO and Managing Director, DP World & Jafza, and a number of senior government and DP World officials.

He was also briefed on DP World’s range of products and services, which covers every link of the integrated supply chain – from maritime and inland terminals to marine services and industrial parks as well as technology-driven customer solutions. DP World has an interconnected global network of 190 business units in 68 countries.

DP World’s officials briefed HH Sheikh Mohammed on another innovative technology, BoxBay, the new and intelligent High Bay Storage (HBS) system as well the many other initiatives it has launched as part of its US$4 billion investment in digital technology over four years. His Highness was also briefed on the high-speed Hyperloop system and its logistics counterpart Cargospeed, created through a partnership between DP World and Virgin Hyperloop.

ALSO READ: UAE is No. 1 in ‘Quality Education’ Objective

Visitors to the five-floor DP World Flow pavilion, which has four main galleries, have an opportunity to explore the movement of commerce around the world that drives the global economy, giving a unique insight into the innovative technology of supply chains. The pavilion’s FlowLive event programme brings together leaders of governments and commerce to shape the future of world trade, while its education programme seeks to inspire young people to join the logistics industry.

DP World, the Premier Global Trade Partner of EXPO 2020 Dubai, has been playing a crucial role in facilitating the importation of Expo-related cargo and providing event organisers with cutting-edge logistical support. The organisation’s pavilion was opened on 1 October, when the organisation also unveiled its new brand identity.

Previous Story

UAE condemns assassination attempt on Iraqi PM

Next Story

UAE endorses Leaders’ Pledge for Nature at COP26

Latest from -Top News

World needs Dubai’s ambition: Morgan

Piers Morgan has hailed Dubai’s transformation as an example of what visionary leadership can achieve. British broadcaster Piers Morgan has praised the extraordinary ambition and vision of His Highness Sheikh Mohammed bin

Mohammed honours football champions

Ruler of Dubai hails players as role models during palace reception His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, received the

Abu Dhabi sets 2050 energy vision

Abu Dhabi unveils AED400 billion energy roadmap, inked climate finance pact ahead of 2026 UN Water Conference Abu Dhabi has unveiled a sweeping strategic framework to transform its energy and water sector

Gargash: UAE’s pragmatism sets regional example

Anwar Gargash says the UAE stands as a beacon of what is possible when pragmatism and vision come together. As political instability, economic fragmentation and rapid technological change continue to reshape the

US flag returns to Damascus

Billions in energy deals and lifted sanctions mark Syria’s reintegration, as US reopens embassy and declares the war-torn nation “open for business” under new regional partnerships. The United States has reopened its
Go toTop

Don't Miss

Etihad Airways soars to record-breaking first half profit

Etihad’s passenger revenues tripled in the first six months of

India, UAE to boost cooperation in industries, advanced tech

The MoU aims at strengthening and developing industries in both