Abu Dhabi 2015 - Transforming International Cooperation

TL;DR

The UAE hosts the World Economic Forum Summit on the Global Agenda, focusing on future challenges and innovation.

Transcript

good morning it's a special privilege and honor to be here in the United Arab Emirates and I would like to thank the president and the ruler of Dubai of abudabi His Highness Shai Khalifa binat Al nahan and the Prime Minister and the ruler of Dubai His Highness sha Muhammad bin Rashid al- makum for being our great hosts and partners I would like to ... Read More

Key Insights

• 🤩 The UAE government views innovation as a key driver for economic growth and diversification.
• 🌍 The country aims to become one of the most innovative societies in the world by 2021.
• 🛢️ The UAE's economic roadmap includes targets for non-oil sector contribution to GDP and investment in human capital.
• 👃 The government emphasizes the importance of entrepreneurship and SMEs in driving economic growth and creating employment opportunities.
• ❓ The UAE's hosting of the World Economic Forum Summit on the Global Agenda highlights its commitment to addressing future challenges in a comprehensive and integrated manner.
• 👨‍💼 The fourth Industrial Revolution, characterized by rapid technological advancements, will have a profound impact on businesses, economies, and societies.
• 👾 Governments will play a crucial role in adapting to the fourth Industrial Revolution and ensuring the pace of innovation is matched by effective policies and regulations.

Questions & Answers

Q: What is the purpose of the World Economic Forum Summit on the Global Agenda?

The summit aims to bring together global stakeholders to discuss and address future challenges in an integrated and comprehensive manner.

Q: How does the UAE government plan to promote innovation?

The UAE government has implemented a national innovation strategy, focusing on investment in human capital, specialized skills, and research partnerships. They aim to generate 5% of GDP from innovation by 2021.

Q: What is the timeline for achieving the UAE's economic roadmap goals?

The UAE aims to reach its economic goals, including 80% non-oil sector contribution to GDP, by the year 2021, which coincides with the country's 50th anniversary.

Q: How does the UAE government support entrepreneurship and small businesses?

The UAE recognizes the importance of small and medium-sized enterprises (SMEs) and their contribution to the economy. The government prioritizes the development of SMEs and provides incentives and support to foster entrepreneurship.

Summary & Key Takeaways

• The event is a meeting of global stakeholders to discuss and brainstorm the future in an integrated and comprehensive way.

• The UAE government highlights its focus on innovation and aims to become one of the most innovative societies in the world.

• The UAE's economic roadmap includes a strong emphasis on diversification, with a target of 80% non-oil sector contribution to GDP by 2021.