The UAE is making impressive strides in the field of artificial intelligence. Andreas Solaro / AFP
The UAE is making impressive strides in the field of artificial intelligence. Andreas Solaro / AFP
The UAE is making impressive strides in the field of artificial intelligence. Andreas Solaro / AFP
The UAE is making impressive strides in the field of artificial intelligence. Andreas Solaro / AFP

UAE President establishes Advanced Technology Research Council


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President Sheikh Khalifa has announced the creation of a new body aimed at strengthening Abu Dhabi’s position as a global research and development hub.

The Advanced Technology Research Council (ATRC) will operate as an independent authority to accelerate a culture of innovation and discovery.

In a statement issued on Wednesday evening, the government’s news agency Wam said the ATRC would be responsible for setting the technological priorities of the emirate.

It will also establish the necessary controls and standards to help support, finance and undertake R&D contracts, reporting on its work to the Abu Dhabi Executive Council.

Faisal Abdulaziz Al Bannai was announced as its Secretary General.

“The scope of advanced technology R&D was defined to include R&D activities in all fields and specialties, including engineering, communications, artificial intelligence, AI, robotics, space, alternative energy, renewables, and the environmental, chemical, petrochemical, food, pharmaceutical and construction industries,” a statement on Wam said.

“Bringing together cross-disciplinary leaders in research and technology, the new Council will cultivate a collaborative research community, accelerate innovation and discovery and foster a culture of inquiry.”

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE