GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Government, Legal and Humanity

 
  Share

Innovation, entrepreneurship and future economies are key drivers for economic growth and improved productivity. Despite their importance, however, numerous challenges remain for governments, companies and civil society to converge towards knowledge- and innovation-based economies.

To help address this challenge, the UAE organised a session to share experiences regarding successful innovation policies and actions that can help address some of the current global innovation challenges during the 2018 World Economic Forum in Davos.
 
The session gathered key global policy makers, Nobel Prize Laureates and CEOs - including personalities such as Prof. Christopher Pissarides, Nobel Prize Laureate in Economics for 2018; Steven Ciobo, Australia's Minister of Trade, Tourism and Investment; Mauro Dell'Ambrogio, State Secretary for Education, Research and Innovation of Switzerland; and key business leaders from the UAE. The session also included representatives of energy-based states pursuing economic diversification through innovation such as Oman and the KSA. 
 
The main host of the event, H.E. Engr. Sultan Bin Saeed Al Mansoori, Minister of Economy of the UAE, highlighted the UAE's imperative to diversify its economy through innovation. “The United Arab Emirates recognises the importance of innovation and has embarked on an ambitious vision to turn the country into one of the most innovative countries in the world by 2021,” he said. “This requires establishing a knowledge-based economy and targeting a 5 per cent GDP share of knowledge and innovation by 2021. It also calls for building on the unique partnerships we have forged with a number of OECD countries,” he added.
 
H.E. Suhail Mohammad Faraj Al Mazroui, UAE Minister of Energy and Industry, and H.E. Omar Al Olama, Minister of State for Artificial Intelligence, also highlighted the importance of investing in global research and development (R&D) and leveraging artificial intelligence (AI) to accelerate disruptive innovation. “Global investment in R&D is at the heart of our innovation policy which aims for major investments in all key high-tech sectors,” said H.E. Minister Al Mazroui. 

“National innovation also requires leveraging AI in a focused and practical manner to accelerate and scale up innovation,” said H.E. Minister Al Olama. “The UAE is looking at applicability across all sectors,” he concluded.
 
Participants also highlighted the significance of developing a ‘mindset for innovation' across all sectors from aerospace to consumer products, as well as social entrepreneurship. The group concluded that the UAE should aim not only to develop a relevant national strategy but also to be part of the global innovation system and scale up existing business instead of just supporting start-ups.
 
More than 40 international policy makers, CEOs and local business leaders contributed to the session. The event was facilitated by Fadi Farra and Anthony O'Sullivan, Managing Partners of Whiteshield Partners. 



Posted by : GoDubai Editorial Team
Viewed 2592 times
Posted on : Sunday, January 28, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Passenger Operations Department at Dubai Customs awards its distinctive employees
Next Story : Ministry of Economy: ECHA sets May as final deadline for registration of chemical exporters to Europ...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Meet the FOREO family as they share their top tips for radiant skin during the ...
LOOTAH Perfumes launches four new springtime fragrances for Him and Her
Amani Glam Collection
Three Trends to Try with Palladio Beauty
LOOTAH Perfumes launches fragrant oud ‘Ambwood'
Experience 5 Seconds to New Skin with OXYGEN-PEEL from Filorga
Lip Stick to my Heart - GOSH New Collections
bebe Launches First Ever Ramadan Capsule Collection
Carrera UAE Exhibition
Lexus sweeps two podium finishes at round two of 2018 AUTOBACS SUPER GT 500 series
Max Fashion Reveals Latest 2018 Fashion Trends at Exclusive Trunk Show
Care for your baby's sensitive skin with Corine de Farme
Ramadan-Inspired Sandro SS18 Pieces
New Master Maserati Driving Courses for 2018
Spinneys Puts Local Food Heroes in the Spotlight this Ramadan
Toyota Rush makes a new beginning in the UAE
‘Tree of Life' Continues to Change Lives at Arabian Center, This Ramadan
Ethereum - Second In A Series Of Exclusive Cryptocurrency Watches Launched
Enhance your natural beauty while staying active with The Body Shop's Sportify M...
Beautiful Kaftans for Ramadan from GUESS
RAK Diabetes Center in Jumeirah offering Free Lifestyle wellness checks and Diet...
Global Light and Power Celebrates 10 Years with the Opening of their New Showroo...
Mads Mikkelsen Spotted on Red Carpet at Cannes Wearing Ulysse Nardin Masterpiece
Get Voluminous Eyelashes and Eyebrows with Rodial's Lash and Brow Booster Serum
Dubai Holy Quran Radio launches new special programmes for Ramadan
Pottery Barn Kids Launches Baby Registry Service to Welcome Newborns
HydroPeptide Launches Solar Defense Products in UAE
Diabetes & Ramadan (DAR) Alliance and Sanofi introduce new integrated digital hu...
Make Ramadan Better With the Gift of Sharing
Marchon Eyewear New Collections
Aru Impressed with Team Spirit as Italian Champion Secures Top Ten Finish
The Balmain de Balmain II Mini is a true win-win
Ikea Yas Island Recognised as One of the Brand's Best Stores in the World
Facebook Launches Youth Portal, a Central Place for Teens
Hour Choice Presents Coach Perry Collections – Ramadan Exclusive
Celebrate The Holy Month Of Ramadan With The Night Picnic At Tub Of Butter
Karl Lagerfeld Celebrates Fall / Winter 2018 Collection
Stay connected with your loved ones this Ramadan season with the Nokia smartphones
Breitling's Navitimer 8 Collection Arrives in The Middle East
Charlotte Tilbury, the World's #1 Celebrity Makeup Artist, Announces the Opening...
CND™ Boho Spirit: The Collection Summer 2018 Shades
Global Rollout of LGG7 Thinq Gets Underway
LG G7 Thinq Offers Deep AI Integration for Maximum User Convenience
Google launches new feature on Search to mark Ramadan
Do Explore More with Pandora
Elvis Presley's OMEGA Sells for a World Record CHF 1,500,000 at Auction
Celebrate Father's Day in 'Swiss Style' with Raymond Weil.
Etihad Airways Introduces Ai Robot Sophia to Abu Dhabi
Caudalie The Cleansing Collection
Pick what suits you from essence Spring/Summer 2018 nail polish collection