During a meeting held at the Dubai Future Foundation on Tuesday, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, Chairman of The Executive Council of Dubai, and Chairman of the Board of Trustees of Dubai Future Foundation (DFF) launched the Dubai Research and Development Programme.
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According to the announcement, the objective of the new initiative is to establish a comprehensive framework for research, development, and innovation across the emirate. Additionally, the initiative seeks to increase domestic spending on research, development, and innovation projects and maximize the engagement of the private sector in launching and funding R&D projects.
It is essential to our success in attaining our long-term objectives in Dubai that we maximize the participation of the private sector in research and development. Because of their emphasis on research and development, major economies and leading global cities have made significant progress throughout history. According to Sheikh Hamdan bin Mohammed, expanding scientific and technological research is essential to realising Dubai’s goal for the economy of the future.
The first meeting of the Emirates Research and Development Council was presided over by the UAE Foreign Minister.
“Innovation generates competitive advantages for firms, which in turn promote sustainable economic growth – a cycle that Dubai has been effectively harnessing and augmenting across a variety of important industries. “The launch of the Dubai Research and Development Programme is a testament to our leadership’s foresight and unremitting opportunities for businesses,” Ammar Al Malik, Executive Vice President of Commercial Leasing, TECOM Group PJSC, told Arabian Business. World-class infrastructure and forward-thinking business policies continue to strengthen the city’s innovation-based economy. “The launch of the Dubai Research and Development Programme is a testament to our leadership’s foresight and unremitting opportunities for businesses.”
Setting top priorities for R&D, governing funding and investments, increasing Dubai’s R&D expenditure, and maximizing the private sector’s engagement are the four pillars on which the Dubai Research and Development Programme is founded. These pillars include providing a roadmap and a comprehensive governance model, setting top priorities for R&D, and setting top priorities for R&D.
During the meeting, Sheikh Hamdan also emphasized the significance of capitalizing on Dubai’s growth potential in the sector by encouraging international companies to carry out research and development activities in the emirate, adopting innovative ideas and methodologies, seizing future opportunities, and concentrating on the knowledge-based economy and advanced technologies, as the announcement explained.
The Dubai Research and Development programme has identified four key areas of focus for the city of Dubai. These areas are health and well-being, environmental technology, smart built infrastructure, and space and augmented human-machine intelligence.
The adoption of innovative technologies, including artificial intelligence (AI), big data, the Internet of things (IoT), blockchain, robotics, drones, and 3D printing, amongst others, will lend support to the program’s endeavors in these domains.
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