Page 19 - Ministry of Economy - December2017

12/26/2017 ministry of economy heads 6th meeting of global innovation index executive team – Arab-Asia Journal
Ministry Of Economy Heads 6th Meeting Of Global Innovation Index

Executive Team

Abu Dhabi – 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 H.E. 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 emphasized 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.

H.E. 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

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