Global Capital for Innovation

  • 10 November 2014

The UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan (may God protect him), has undoubtedly turned into a global hub for innovation and scientific advancement, based on clear guidance that was part of the recently announced National Innovation Strategy. The strategy is a significant step toward making innovation a deep-rooted culture for corporations and individuals. This was expressed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, coinciding with the Global Agenda Council 2014, which got underway on Sunday, and is being hosted by the UAE for the 7th consecutive year. His Highness said that the UAE is an open global platform for generating ideas, finding solutions, and building the future.

The UAE’s interest in proposing and leading unique global initiatives in dealing with the problems facing humanity – in the realm of energy, extremism, environment preservation – is based on the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum that the world needs to coordinate efforts and find common solutions for many social, economic, and development challenges facing each country. The world has become globalized and the challenges are more transnational than ever, hence they can only be addressed through mutual efforts and consolidation of international resources. The UAE is keen to effectively engage with the world to build mutual vision and strategies to address challenges threatening global safety, stability, and development irrespective of the nature, sources, or reasons behind them.

The UAE hosting the Global Agenda Councils 2014 for the 7th year in a row – a summit which gathers officials, thinkers, and experts from different fields all over the world, to address urgent issues on the global level and finding permanent solutions – proves two basic points. It shows the world’s faith in the UAE’s ability to successfully organize this huge international event. Second, the fact that any global event seeks to propose solutions to problems facing humanity, achieve development, stability, and peace conforms to the UAE and its prudent leadership’s approach, which continues to support sustained human development and a better future for all societies and nations, His Highness Sheikh Mohammed bin Rashid Al Maktoum said.