From Mars to Metaverse, UAE Aims High, India Opportunities

From Mars to Metaverse, UAE Aims High, India Opportunities

• 2022 ends on a positive note for India-UAE relations as commercial and political relations between the two countries reach new heights

Dubai: 2022 ended on a positive note for India-UAE relations, with commercial and political relations between the two countries reaching new heights.

The UAE is India’s third largest trading partner, with bilateral trade exceeding $88 billion. In addition, Indians make up 39.9% of the UAE’s population, and their remittances to India totaled more than $17 billion, the highest among all overseas countries.

To tell the world what the future will look like, Dubai built the Museum of the Future, which tells about the possibilities of the future.Advancing the vision of Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, utilizing the latest technologies in coding, big data
Analytics, artificial intelligence, virtual and augmented reality, and human-computer interaction to drive the future.

“Dubai never ceases to amaze me. It has always been a city of innovation and exploration, with endless possibilities,” said Shah Rukh Khan at the launch of the Create the Future with Shah Rukh Khan campaign.

Today, Dubai is the center of another world for programmers, big data experts and Metaverse, i.e. all future activities are now starting to be applied in the UAE market. The UAE has embarked on its own development plan to 2050.

In space science, the UAE will launch its own interplanetary mission in 2028, following the Mars and Moon missions. The spacecraft will cover 3.6 billion kilometers in five years.its
It will eventually land on an asteroid 560 million kilometers from Earth in 2033. This will make the UAE the fourth country to land a spacecraft on an asteroid.

The UAE also has an agenda to achieve all 17 of the United Nations Sustainable Development Goals (SDGs) by 2030.

Launched in 2017, the UAE Artificial Intelligence (AI) Strategy is the first major project to achieve the UAE’s Centennial 2071 goals.It features a post-mobile government phase with all future government services, departments and infrastructure
The project will rely on artificial intelligence.

The first of its kind in the region and the world, the strategy will invest in the latest artificial intelligence technologies and tools to improve government performance and efficiency. By 2031, UAE government services and data analysis will rely 100% on artificial intelligence. By 2030, Dubai will become a major center for 3D printing, a leader in all fields of science and a breakthrough in the construction industry. By 2030, Dubai will be the world’s preferred global platform for knowledge-based, sustainable and innovation-driven businesses.

By 2030, 25% of Dubai’s vehicles will be on AI-based autonomous vehicles and roads, saving millions of hours wasted by traditional transport while increasing human productivity. The Mohammed bin Rashid Al Maktoum Solar Park is the world’s largest single-site solar park based on the Independent Power Producer (IPP) model. By 2030, it will generate 5,000 megawatts of electricity, solar-based energy, which could be an endless journey through the desert.

Under Dubai’s Clean Energy Strategy, the emirate aims to generate 75 percent of its energy needs from clean sources by 2050. The strategy also aims to make Dubai a global center for clean energy and a green economy.

The UAE aims to become the number one country in the global food security index by 2051. Food security will be ensured in all circumstances by promoting international trade partnerships and enabling technology-based food production and supply. Implement policies and regulations to increase nutrient intake and reduce food loss and waste.

Masdar, the Abu Dhabi Future Energy Company, is the world’s global leader in renewable energy and sustainable development. Masdar is developing utility-scale renewable energy projects around the world.Driving clean technology innovation, green hydrogen is
Lead the world with a smart first move.

As a catalyst for the development of renewable energy in the Arab world over the past decade, Masdar demonstrates how the business community can deliver on the global sustainable development agenda.

By 2057, Abu Dhabi police will launch a satellite to prevent theft of police data, and by 2117 it will establish a police station for the UAE Mars colony.Patrol cars will monitor space security and AI systems will guide inmates’ behavior in sentencing
Mechanisms and nanobots will be used for firefighting. Robots will replace 50% of the police force, and all police patrols will be fuel-free.

The UAE aims to establish the first habitable human settlement on Mars by 2117. His Highness Sheikh Mohammed bin Rashid said the project is a seed planted by the UAE today, in hopes that future generations will benefit from it.

After Expo 2020, which ends in March 2022, Dubai’s economy will be technology-based, not oil-based, like the entire country. Likewise, the Yas Island project is an important step in boosting tourism in Abu Dhabi.

The UAE has unveiled an economic diversification plan to reduce its reliance on fossil fuels and transform its economy from a traditionally labour-intensive one to one based on knowledge, technology and skilled labour. The main focus of the country is healthcare, education, banking, tourism and construction.

It goes without saying that India will play an important role in this diversification strategy by providing knowledge, skills and technical know-how due to its strength and friendly relations with the UAE. India is already the fifth largest economy in the world and its economic strength will grow further in 2023.

With 108 unicorn startups by 2022, India has the fastest growing startup ecosystem in the world. With increased digitization, improved infrastructure, a stable government and a favorable business environment, the country will achieve more in 2023.

Speaking to IANS, Professor Vinaytosh Mishra, associate professor at the Faculty of Healthcare Management and Economics, Gulf Medical University Ajman, UAE, said the entry of Indian businesses could provide a much-needed boost to Dubai’s ambitious Metaverse strategy, which aims to contribute to the emirate’s GDP. An increase of $4 billion.

This ambitious plan has the potential to create 40,000 virtual jobs by 2030. The UAE could become a favored destination for more than 1,000 companies focused on blockchain technology to establish it as one of the world’s top 10 virtual economies.

Many successful business owners in the UAE are known to be of Indian origin such as Thumbay Group, Aster Healthcare, Lulu, Landmarks, Sobha Group, NMC Health, Soraya Jewelers, JoyaLukas and GEMS to name a few. These businesses have varying interests in sectors such as tourism, retail, gold, logistics, IT, healthcare and education.

The UAE’s flagship free zone is currently home to more than 800 leading Indian companies serving all major markets in the region. Most recently, the UAE celebrated its remarkable 50 years in 2021 and is preparing for the next incredible fifty.

India, on the other hand, is expected to overtake Germany and Japan to become the world’s third largest economy by 2030. I believe the strong commercial and political relationship between the two countries can play an important role in achieving these goals. In the changing balance of power in Asia, India’s advantage lies in its strategic location. India’s strong leadership jumped at the opportunity with both hands.

If 2022 was good for India’s economic and political relationship with the UAE, 2023 will be even better.