Ministry Of Finance Highlights Digital Transformation Initiatives At GITEX Global 2024

The Ministry of Finance will join GITEX Global 2024 from 14th to 18th October at the Dubai World Trade Centre. This event will highlight the Ministry's progress in service development and digital projects aimed at boosting customer satisfaction, supporting digital transformation, and enhancing quality of life. The Ministry's vision is to position the UAE as a leader in public finance and sustainable development.

Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance, expressed, "Our participation in GITEX Global 2024 will further strengthen our commitment to achieving comprehensive digital transformation in government financial management – a vital pillar for sustainable economic growth in the UAE. Showcasing our innovative digital projects is not only a celebration of our achievements but also an opportunity to build strategic partnerships with leading organisations and companies in the technology sector."

The Ministry aims to offer specialists and interested parties a chance to explore financial technology solutions through its advanced digital transformation initiatives. Attendees can learn about the Ministry's digital systems, services, and AI-driven initiatives that contribute to the financial sector's growth. These efforts are part of a broader strategy to enhance public finance management.

Al Khoori added, "Through this event, the Ministry seeks to share best practices and successful experiences, contributing to our leadership in digital transformation. We believe that investing in modern technologies, including artificial intelligence, enhances quality of life and delivers innovative financial solutions to meet the needs of all customers."

The Ministry’s participation aligns with its strategy to exchange knowledge and forge strategic partnerships within the technology sector. This approach reinforces its leadership role in digital transformation. By showcasing its innovative projects, the Ministry aims to foster collaboration with leading tech organisations.

The event will feature dialogue sessions where the Ministry will present its experience with initiatives like the Zero Government Bureaucracy programme. Other highlights include the "eInvoicing System" project with the Federal Tax Authority and "Ask Mona," an AI financial data advisor.

Commitment to Innovation

The Ministry is dedicated to developing an integrated digital financial system that encourages innovation and creates an attractive investment environment. This commitment aligns with national goals such as We the UAE 2031, UAE Centennial Plan 2071, UAE Strategy for Government Services, and UAE Artificial Intelligence Strategy 2031.

This participation underscores the Ministry's dedication to sharing successful experiences and best practices in digital transformation. By investing in modern technologies like artificial intelligence, they aim to improve quality of life while delivering innovative financial solutions tailored to customer needs.

With inputs from WAM