Fortaleza [Brazil]Fortaleza, July 27 (ANI/WAM): The UAE participated in the G20 Labour and Employment Ministers’ Meeting that concluded in Fortaleza, Brazil on July 26 with an aim to address the latest global labour market developments.
Speaking at the forum, Shaima Al Awadi, Assistant Undersecretary for Communications and International Relations at the Ministry of Human Resources and Emiratization (MoHRE), stressed the vital role of the G20 meeting as a platform that brings together influential leaders and decision-makers from around the world to discuss pressing issues amid rapid global developments, especially in the world of work, and explore effective strategies to achieve short-term and long-term goals within effective and innovative regulatory systems, frameworks and policies. She stressed the importance of cooperation among countries to accelerate technological advancements and ensure efficiency and governance.
Al Audi added that the UAE has made great strides in investing in advanced technologies, “guided by the forward-thinking vision of its wise leadership, which focused on adopting cutting-edge technologies and guiding them to improve people’s lives and provide more streamlined and effective services. It has also leveraged technology in all sectors to establish a more integrated system, particularly in the areas of human resources and employment.”
She shared the UAE’s unique approach and experience as an exemplary pioneer in the development and adoption of advanced technologies and artificial intelligence to increase productivity and efficiency, foster innovation and encourage the use of advanced technologies in industrial systems and solutions, thereby reinforcing the UAE’s leadership in driving sustainable industrial development. She highlighted that the UAE was ranked 12th globally in the 2023 IMD World Digital Competitiveness Rankings.
The UAE aims to double the digital economy’s contribution to GDP from 9.7 percent to 19.4 percent over the next decade, she revealed, adding: “The UAE is expected to spend $20 billion on digital technologies, including IT, communications, AI, IoT, blockchain and robotics, over the next three years.”
“Investment in the UAE’s financial technology sector reached $1.3 billion, recording an increase of 92 percent, driven by the country’s advanced digital infrastructure, as well as policies and systems that encourage investment in this vital sector,” Al Audi continued, highlighting the UAE’s labor market programs and initiatives designed to ensure optimal investment in technology and improve the well-being and quality of life for both employers and workers.
She highlighted the various digital services the Ministry of Human Resources and Emiratization offers to its clients, including the Wage Protection System (WPS), implemented in collaboration with the UAE Central Bank and benefiting 99 percent of the country’s private sector workers, as well as the Smart Inspection System and other technology-based programs and initiatives.
The UAE also participated in the Just Transition Leadership Forum, which was held as part of the G20 Labour and Employment Ministers’ Meeting. The forum discussed measures to create job opportunities, improve working conditions to ensure social inclusion, and alleviate poverty by ensuring decent working conditions and equal pay for all. In addition, the event featured a cultural programme and discussions to explore ways to reduce the gender pay gap, promote diversity in the workplace, and harness technology as the best tool to improve the lives of all. (ANI/WAM)
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