Abu Dhabi Executive Committee prioritises knowledge, innovation

Mon 24-09-2018 23:44 PM

ABU DHABI, 24th September, 2018 (WAM) — The Executive Committee of the Abu Dhabi Executive Council, which is responsible for developing a detailed plan for the Abu Dhabi Development Accelerator Programme ‘Ghadan 21’, recently endorsed by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, revealed today the initiatives and projects under the third pillar of ‘Ghadan 21’, Knowledge & Innovation.

These initiatives aim at enhancing business competitiveness in Abu Dhabi, attracting investment and increasing economic opportunities. This will contribute to enhancing Abu Dhabi’s position as the capital of economic diversification and an incubator for innovators and economic future makers.

A comprehensive programme is being finalised and will be implemented over the next 3 years to support the transition of Abu Dhabi to become a high productivity knowledge economy which develops, attracts and retains the highest calibre of global talent and supports the development and adoption of the latest technologies in all sectors of the economy. A partnership with the private sector will result in creating and launching a new tech incubator in Abu Dhabi before the end of year to attract and grow new start-ups.

The programme will be executed through 16 initiatives across three dimensions: supporting industrial research & development; talent attraction and development; and attracting disruptive technology companies and value-adding technology investments.

Initiatives within this dimension will focus on promoting industrial R&D to contribute to the development of a sustainable knowledge-based economy, incentivising automation and renewables in large industries, funding university and start-up R&D operations, and promoting R&D-friendly regulation in Abu Dhabi   The different initiatives under this umbrella will focus on head hunting critical professionals, amending visa and labour regulations to accommodate high-skill talent. The initiatives will also provide training and development programmes and institutions for high-skilled talent and offer incentives to existing and new training programmes at corporations operating in Abu Dhabi.

To attract new technologies and disruptive companies, new initiatives will focus on providing comprehensive incentive packages, creating the best in class start up environment, offering incentives for industrial modernisation and energy efficiency, and supporting tech companies and start-ups to grow in Abu Dhabi.

WAM/Hazem Hussein/Hatem Mohamed


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