Moving Towards Knowledge Economy

  • 16 December 2009

Statements made by His Highness General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and President of ECSSR, while laying down the foundation stone of an aircraft parts manufacturing unit reflects the deep interest of our wise leadership in knowledge economy. Strata, the aero structures manufacturing facility located in Al-Ain, belongs to Mubadala Development Company and will produce composite parts for aircraft structures.

He said that the UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, continues to consolidate its aviation industry and transform the country into a global hub for this vital sector. This will help the country benefit from the latest technological advancements and build the foundations of a national economy based on knowledge.

‬Such statements assume great significance with regard to the country’s future development plans and confirms that the state and its wise leadership perceive knowledge economy as the key to achieving significant development in vital sectors such as aviation, banking, communications, ports and others.

All this is being done to achieve a major objective that is to bring about a quantum leap in the standard of living in the UAE. The country’s infrastructure has evolved in recent years and its institutions and facilities have undergone a transition by adapting knowledge economy and responding rapidly to the latest technologies and using them for the benefit of the community.  The other highlight has been the successful integration of educational programs with developmental goals. When H.H. says that “the aviation industry will prompt technical institutions, colleges and universities in the UAE to introduce aviation industry sciences in their curricula,” he emphasizes that when the state continuously aims to develop education, it does not separate it from development goals. That also means there is a constant need to modernize curricula at educational‮ institutions so that they are abreast of the latest developments taking place in various disciplines. Constant review of the curricula also ensures a realignment to the changes taking place due to the‬ information revolution and an unprecedented technological advancement. The third factor, which H.H. the Crown Prince of Abu Dhabi emphasizes, is the state's interest in working to boost the educational qualification of its so as to enable them to acquire tools of the knowledge economy.‬ With this in mind, he talks about “providing opportunities to nationals so that they acquire skills and experiences needed to take active part in the aviation sector.” It also reflects the state’s objective which is to raise the efficiency of its citizen thereby making them the cornerstone of future development.

The state's aim with regard to knowledge economy is strategic and is to further the development model in a comprehensive model. Development of education and investment in the human capital are the requirements for any knowledge economy and this ‬becomes the gateway to economic and social development. Only this can ensure the nation reaches new horizons and meets the aspirations of fellow nationals.