Page 29 - Ministry of Economy - December 2017

12/26/2017 UAE- Ministry of Economy heads 6th meeting of Global Innovation Index Executive team | MENAFN.COM

UAE- Ministry of Economy heads 6th

meeting of Global Innovation Index

Executive team

Date Tweet on Twitter
12/14/2017 1:59:34 AM

(MENAFN - Emirates News Agency (WAM))

ABU DHABI, 14th December, 2017 (WAM) -- The Executive Team of the Global Innovation
Index operating under the UAE National Agenda has held its sixth meeting at the Ministry of

Economy's Dubai HQ.

The session was led by Abdullah Sultan Al Fan Al Shams, head of the team, in the presence of
elite representatives from federal and local entities that are members of the team.

The group discussed the latest updates to the Global Innovation Index and available
development opportunities. They also reviewed the work methodology for the next phase which

will focus on formulating policies supporting an environment of innovation and the sustainability
of the country's competitiveness in this regard to help advance the national target of becoming
among the top 10 countries in the world by 2021.

The meeting emphasised the need to speed up several processes, namely those related to the
collection of expenditure data on education and scientific research in academic institutions and

the private sector as well as data on foreign direct investments (FDI) within the country. The
growth of the UAE's imports and exports due to advanced technology and the contribution of
technology to the state's total foreign trade was also discussed to complete related initiatives

and plans.

Alshamsi said that the Executive Team is currently more focused on the policy aspect than the

monitoring and data collection process. This is to keep abreast of international developments
and to enhance the competitiveness of the country regionally and globally in such a way that

ensures the achievement of advanced levels on the Global Innovation Index to serve the
directions of the country.

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