[ad_1]
Dubai leads the Arab world in the latest edition of the Dubai Innovation Index, maintaining its 20thday The Dubai Chamber of Commerce announced today that it will rank 12th globally in 2020day Dubai World Chamber of Commerce General Assembly.
Index report, subject to Road to recovery through resilience and innovation, A total of 39 cities were analyzed. The latest version of the index developed by the Dubai Chamber of Commerce and PricewaterhouseCoopers has added seven new cities.
The President and CEO of the Dubai Chamber of Commerce Hamad Buamim (Hamad Buamim) said that Dubai’s performance in the latest version of the index reflects its report based on the results of Vice President and Prime Minister Sheikh Mohamed bin Rashid Al His Highness Maktoum’s vision provides innovation-driven development capabilities. The cooperation of the UAE and Dubai rulers will transform the emirate into a global innovation center. “By providing a supportive environment, a strong regulatory and legislative framework, and a highly developed infrastructure, as well as comprehensively addressing various important driving factors, Dubai is expected to achieve success in Dubai’s Crown Prince and Executive Committee Chairman Sheikh Hamdan bin Mohamed Under the follow-up actions and guidance of His Highness Bin Rashid Al Maktoum, his wish was realized. Through the adoption of new ideas to improve excellence and the rapid implementation of dynamic creative solutions, Dubai is improving the performance of all sectors of its economy ,” he added.
Under the index’s first pillar, agile government, Dubai ranks 19thday, To get high scores for its e-government services. Highlighted specific initiatives include the Dubai Paperless Strategy, which aims to achieve a paperless government by the end of 2021. As part of the transformation, 41 government entities have halved their paper consumption and are moving towards 100% digitalization. The Dubai blockchain strategy also supports Dubai’s performance on the index, which has facilitated the city’s adoption of blockchain records in 24 applications across various industries.
Under the infrastructure category, Dubai is recognized for its academic institutions (including universities) by sharing resources with startups and entrepreneurs to promote innovation. It is also mentioned that the city attracts foreign investment into its education field, such as the University of London Bayes School of Business and the University of Birmingham set up campuses in the emirate. The index also recognizes Dubai’s future zone, its research centers, incubators, accelerators and future economic pioneers for innovation.
In terms of capital, Dubai has performed well in the field of venture capital (VC), thanks to government-led incentives and support from global venture capital companies that want to enter the market and companies that have already invested in the market.The incentive methods used include: tax incentives for venture capital funds, investment matching in the public sector, and government support for early and mid-term start-ups through additional services
The report highlighted the positive changes in Dubai’s financing landscape, as well as by ensuring the diversified products that accompany venture capital opportunities, wider financing channels in its ecosystem, and its products range from government-backed guarantee schemes such as Mohammed bin La Sid Innovation Fund has a range of venture capital transactions, angel investments, P2P lending and crowdfunding. The Dubai Next platform launched by the Dubai government in 2021 is expected to further enhance the city’s financial channels for innovators.
In the social category, Dubai ranks 16th because the city welcomes immigrants and expats are attracted by its abundant opportunities and tolerant cultural and religious environment. The emirate’s long-term visa program further attracts foreigners to the emirate, and the program rewards them for their contribution to the city.
The index emphasizes that innovation is part of Dubai’s DNA, and its leadership strongly recognizes its key role in the country’s sustainable development. It also highlighted the impact of the National Innovation Strategy launched in 2014 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, which prioritizes innovation in all sectors Played an important role and served as an important pillar of the economy.
Singapore and Hong Kong maintained first and second positions in the index respectively. Stockholm rose three places to replace London in third place. The British capital dropped five places to eighth place this year. Toronto jumped the most among all 39 cities in the index, rising 7 places to 10day Location from its 17day 2019 location.
The latest edition of the Dubai Innovation Index examines the state of innovation in cities around the world in an unprecedented period of turbulence and change, and points out that at the beginning of a new era, global knowledge and learning exchanges are more important than ever.
The main conclusion of this year’s index is that digitalization is the basis for the transformation and success of the most innovative cities; the governments of the top innovative cities are doing more to promote innovation than just formulating policies, regulations and providing incentives; the pandemic The resulting cooperation accelerates innovation by providing innovators with more knowledge sharing, market access, and funding opportunities.
Another important finding is that although Europe and North America are still the leading regions for innovation cities, metropolises in other regions (especially the Asia-Pacific region) are closing the gap.
The report also emphasizes that the first Dubai Innovation Index was launched in 2014. This is the first innovation assessment at the city level of its kind. It has affected a series of new measures, including the introduction of strategic policies and procedures in the following areas: Blockchain, artificial intelligence, Internet of Things, and 3D printing, all of which put Dubai firmly on the innovation map.
The evaluation categories of the Dubai Innovation Index include agile government, infrastructure, capital, business environment and society. Dubai scores high on many key indicators.
[ad_2]
Source link