Centre for the Fourth Industrial Revolution Network 2023-2024

Page 27 of 45 · 2024 · WEF_Centre_for_the_Fourth_Industrial_Revolution_Network_2023-2024.pdf

2707Stimulating investments and competitiveness New technologies continue to disrupt global industries, and economies around the world are seeking the best ways to capitalize on technological advancements to drive economic growth and accelerate economic transformation. The Centre for the Fourth Industrial Revolution Azerbaijan, along with its partners, has launched the Digital FDI project focused on identifying and addressing barriers to investment while highlighting the opportunities in Azerbaijan’s digital market. The initiative aims to align Azerbaijan’s digital economy with global best practices, fostering a conducive environment for foreign direct investment (see case study 11). In 2024, the US Center for Advanced Manufacturing released the “State of US Manufacturing Report” , highlighting the role of emerging technologies, such as AI and robotics, in enhancing manufacturing and supply-chain resilience. By involving both public and private sectors, the report aimed to serve as a strategic guide for decision-makers to align their efforts towards advancing manufacturing ecosystems across the country (see case study 12). The Centre for the Fourth Industrial Revolution India has launched the Future of Space Economy India initiative. The initiative will identify pathways for sustainable growth and innovation in the space sector. As part of this initiative, they have hosted multiple events and workshops to bring together key stakeholders. The inaugural workshop, attended by senior officials from the Indian Space Research Organization (ISRO), led to a collaboration with the Indian National Space Promotion and Authorization Centre (IN-SPACe) and established a platform for a national dialogue series. In April 2024, Saudi Arabia celebrated World Quantum Day with a series of events organized by the Centre for the Fourth Industrial Revolution Saudi Arabia. The celebration featured a central gathering, complemented by expert-led seminars and sessions, designed to enhance public understanding of quantum technologies. World Quantum Day also included an exhibition showcasing leading companies in the quantum technology sector, recent advancements in quantum applications and practical demonstrations of quantum technologies. This exhibition highlighted the significance of quantum science and its applications in Saudi Arabia, reflecting the country’s prioritization of quantum technologies as a crucial area for future development.
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