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12/26/2017 Ministry of Economy and Abu Dhabi Department of Economic Development Announcing the Launch of TIP Platform - Eye of Riyadh

Business & Money (/news/category/business-money) | Wednesday 20 December, 2017 11:57 am | Share:
Ministry of Economy and Abu Dhabi Department of Economic Development Announcing the Launch of TIP
Platform

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The Ministry of Economy and the Department of Economic Development – Abu Dhabi have officially launched TIP platform, A platform that will host a community of pioneers
in technology and innovation locally, regionally and globally. TIP will also have specialized sub-platforms and will soon launch an award managed by TIP.

The launch took place during a signing ceremony attended by HE Eng. Sultan bin Saeed Al Mansouri, Minister of Economy, and HE Saif Mohammed Al Hajeri, Chairman of Abu
Dhabi Department of Economic Development, and was signed by HE Eng. Mohammed Ahmed bin Abdul Aziz Al Shehhi, undersecretary for Economic Affairs, and HE Khalifa
Bin Salem Al-Mansouri, undersecretary of the Department of Economic Development – Abu Dhabi, in the presence of a number of senior officials from both sides.

HE Eng. Sultan bin Saeed Al Mansouri said, the Ministry of Economy and the Department of Economic Development – Abu Dhabi sets key priorities around economic
diversification and sustainable development, and as a key focus aim build and develop an integrated economic system that interacts with targeted sectors locally and
internationally, further developing capacities in the fields of technology and innovation.

Commenting on this strategic initiative, his Excellency Saif Mohammed Al Hajeri, Chairman of the Department of Economic Development – Abu Dhabi said that “The
Department of Economic Development Abu Dhabi is committed to supporting the country’s strategic economic initiatives aimed at building an integrated economic system,
and we are especially focused on leading Abu Dhabi’s economic agenda to further enhance its GDP through a knowledge-based economy, with a key focus on technology and
innovation as a catalyst for future economic growth.

The agreement between the Ministry of Economy and the Department of Economic Development – Abu Dhabi, will see both parties work closely together to achieve outlined
objectives and build a dedicated platform for technology innovation pioneers, which will include specialized sub-platforms, such as a platform to fund emerging projects,
another to highlight challenges and constraints facing economic sectors and government organisations in the field of innovation and technology; in addition to a platform to
attract inventors and emerging companies both locally and internationally, as well as the TIP awards program and award ceremony, and other related aspects that will
expand in time where jointly agreed on.

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