UAE at Forefront of Global Dialogue and Innovation, Says SCA CEO at WGS

At the World Governments Summit (WGS) in Dubai, Dr. Maryam Butti Al Suwaidi, CEO of the Securities and Commodities Authority (SCA), shared her insights on the summit's pivotal role in shaping the future of governmental work. The WGS serves as a crucial platform for global leaders to exchange knowledge, foster partnerships, and inspire innovative solutions to worldwide challenges. Al Suwaidi underscored the UAE's success in establishing itself as a central hub for dialogue and positive international cooperation.

Al Suwaidi highlighted the importance of the Principles of the 50 and the ‘Projects of the 50’, which aim to create a blueprint for future development. These initiatives focus on building a leading economy, investing in human capital, and enhancing technological and scientific excellence. The CEO also discussed the SCA's proactive approach to anticipating future challenges in the rapidly evolving business landscape.

The SCA's commitment to long-term planning and innovation has significantly contributed to the growth of the UAE's financial services industry. Al Suwaidi revealed that over the past three years, the performance of the securities markets in the UAE has surged by 350 percent, with market value increasing from AED1.1 trillion to AED3.5 trillion. This growth reflects rising investor confidence and the successful introduction of 45 new companies through initial public offerings (IPOs).

Dr. Al Suwaidi emphasized the SCA's efforts in building a sustainable culture within governmental entities to support strategic planning and proactive initiatives. By training staff to anticipate various scenarios and innovate solutions, the authority aims to foster advanced growth in the UAE's financial services industry and capital market.

The CEO stressed the significance of enhancing digital, technological, and scientific excellence to ensure future readiness. The SCA's role in adapting to changes influenced by technological advancements, knowledge economy trends, and social changes is crucial for maintaining competitiveness and sustainability.

In conclusion, Dr. Maryam Butti Al Suwaidi's statements at the WGS underscore the importance of international cooperation, strategic planning, and innovation in shaping a better future for governmental work and sustainable development. The UAE's proactive approach and initiatives like the Principles of the 50 demonstrate its commitment to leading by example on the global stage.

With inputs from WAM