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“Many leaders have promised and we will deliver,” said His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai. Fourth Industrial Revolution Applications Laboratory (4IR) . It is therefore no surprise that the UAE ranks first in the Arab world and 31st globally in the 2022 Global Innovation Index. The country’s transition to the Fourth Industrial Revolution has fueled economic growth and improved public services, while making it a leading innovator and center for emerging technologies globally.
The UAE recognizes the importance of innovation in driving economic growth, enhancing public services and improving the quality of life of citizens and residents. Therefore, each emirate has taken initiatives to make this happen. For example, Dubai launched the Dubai 10X initiative. Dubai’s 2030 Industrial Strategy aims to transform the industrial sector to become a significant economic contributor. At the same time, the Abu Dhabi government launched the Abu Dhabi 2030 Economic Vision, which aims to achieve economic diversification and create a knowledge-based society.
Abu Dhabi Digital Authority was established to lead digital transformation and improve government services. In addition, the Abu Dhabi Investment Office is also working to attract investment in advanced technology and innovation. Sharjah has also played its part by establishing the Sharjah Research, Technology and Innovation Park, the Sharjah Entrepreneurship Center (Sheraa) and the Sharjah Digital Transformation Strategy.
Ajman’s digital government initiative enhances e-government services in the emirate. Meanwhile, the Ajman Free Zone is trying to attract investment in various fields, including technology, while Ajman University has established a smart learning center to promote education. The UAQ Free Trade Zone is busy attracting entrepreneurs and companies, and UAQ University actively empowers and trains students to become entrepreneurs and creators. The RAK Research and Innovation Center is functioning and the RAK Economic Zone has become a major business hub. RAK digital transformation strategies are also gaining popularity.
At the same time, Fujairah has also launched the Fujairah Digital Government Program to enhance government services and promote e-government. The Fujairah Free Zone is working to attract investment in various sectors, including fintech, while the University of Fujairah has established a center for innovation and entrepreneurship.
A supportive ecosystem and favorable regulations have seen the rise of more than 11,000 startups. The UAE has also attracted investment in emerging technologies, with government investment in AI alone estimated to exceed $33 billion by 2027. These investments are bearing fruit, with smart cities emerging with automated transportation systems, advanced healthcare and renewable energy.
The country is committed to innovation and technological advancement under the leadership of Sheikh Mohammed bin Rashid Al Maktoum. The UAE’s Fourth Industrial Revolution Strategy is a unique and practical framework for policymakers, while supporting the country’s efforts to adopt advanced technologies and transform future challenges into opportunities to better serve the world.
– abdulla@khaleejtimes.com
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