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12/26/2017 Ministry of Economy heads 6th meeting of Global Innovation Index Executive team | رﻛﺗﺑﻣﻟا لﺟرﻟا ﺔﻠﺟﻣ قﺎّﺑﺳﻟا | Alsabbaq

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Ministry of Economy heads 6th meeting of Global
Innovation Index Executive team

« Previous / Next » By admin / December 14, 2017 / Business, Events & Exhibitions, Technology / No Comments

Abdullah Al Fan: ‘The team is shifting from data monitoring to formulating policies for the
sustainability of the UAE’s global competitiveness in the field of innovation’

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
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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