Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, launched a National Innovation Strategy on Sunday that aims to make the UAE among the most innovative nations in the world within seven years.
The strategy will stimulate innovation in seven sectors including renewable energy, transport, education, health, technology, water and space.
The first phase includes 30 national initiatives to be completed within three years. These include new legislation, innovation incubators, investment in specialised skills, private-sector incentives, international research partnerships, and an innovation drive within government.
“The UAE is already the most innovative Arab nation. Our target is to be among the most innovative nations in the world. The competitiveness race demands a constant flow of new ideas, as well as innovative leadership using different methods and tools to direct the change,” said Sheikh Mohammed.
Lt General Sheikh Saif bin Zayed, Deputy Prime Minister and Minister of the Interior, Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of Presidential Affairs, and Mohammed Al Gargawi, Minister for Cabinet Affairs, were present at the launch ceremony.