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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