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 3105 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
Mouawad Acquires The 51.38 Carat Dynasty Diamond From ALROSA
Cerruti 1881 MOLVENO timepiece and cufflinks
Nazih Introduces New Dr. Renaud Skincare Range
Five Awesome Reasons to Visit LEGOLAND® Dubai During the Eid Al Adha Holiday
Back-to-School Shopping Made Easy with SOUQ.com
Business Wear by Hugo Boss
The new Rado HyperChrome Chronograph in bronze and high-tech ceramic
Head to Modhesh World for Summer Fun Before the School Run
Spectacular live entertainment for the entire family at Majid Al Futtaim malls i...
Never Run Out of Space for Those Joyful Summer Holiday Memories With Western Digital
Eid Gift Guide 2018
Eberhard & Co. immortalizes a legend
Trend Alert! Clueless About Plaid? kate spade Found Fresh Ways to Showcase the G...
New Addition to the HUAWEI Nova 3 Series: On-trend and fashionable HUAWEI nova 3...
The Marriott International cyclist team completes 600km R2A cycle challenge
The Moon Collection From Lacoste
OMEGA Showcases its Passion for Golf at the 2018 PGA Championship
American Eagle Takes It to the Ne(X)t Level With Fall Jeans Campaign
Calligraphy, etching and Palestinian embroidery: Learn it all at Tashkeel this S...
Samsung Launches the Galaxy Note9 in the UAE
XTouch Announces the Launch of the Robot Family Range of Rugged Mobile Phones
Why Are Chipmakers Making Smaller and Smaller Processors?
du LaLiga HPC Top Talents Arrive in Spain for 21-day Annual Scouting Camp
Aperitivo di Ferragosto
Let your kids enjoy some dancing at James & Alex Dance Studios
LG to Introduce Advanced Stylers With Ai Voice Recognition and Mirrored Glass De...
Chronoswiss Limited Edition of Flying Grand Regulator Skeleton
The new Hamilton Khaki Field Mechanical
Raymond Weil unveils a new collaboration with Marshall Amplification
CASIO announces UAE launch of new 'Pro Trek WSD-F20A' outdoor smartwatch
Baroncelli Big Date collection from Mido
VIP Golf Austin Offers Golf Packages For the Avid Tourist
Free Wellness Workshop to address Physical and Mental health issues
Beauty at Robinsons
Aster Disaster Support Team mobilized to help Kerala flood victims
Feel Alive Again With the New IKEA 2019 Catalogue
Mohamed Bin Zayed Majlis for Future Generations Announces its Second Edition
Department of Culture and Tourism – Abu Dhabi brings excitement to children at S...
Secondary Infertility: A Confusing & Emotional Ride Affecting Millions of Women
Tommy Hilfiger Dressed Up Collections
Turkish Airlines posted USD 258 million Operating Net Profit in the first half o...
Balqees concert, Iftah Ya Simsim shows and Nabati poetry recital at Dragon Mart ...
Fun GUESS Handbags for Fall18
Skydance: The Sun – shining amid the immensity of the galaxy
ENEC Launches Youth Council to Empower the Next Generation of Emirati Nuclear En...
Huawei Recognizes Dr. Erdal Arikan, the Father of Polar Codes, for his Dedicatio...
Buy One, Get One Free Entry Ticket to Modhesh World With “Smiles by Etisalat”
2XL's Nicola dining furniture creates a welcoming space to enjoy a meal
DALBY and its 50 years of experience in hydraulic hooklifts will be present at t...
Yousif Mirza Back in Action for UAE Team Emirates at the Binck Bank Tour