Sat 21-11-2015 17:42 PM
ABU DHABI, 21st November, 2015 (WAM) -- President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has announced the adoption of the Emirates Science, Technology and Innovation Higher Policy which includes 100 national initiatives in the educational sector, health, energy, transportation, space and water.
The plan foresees an investment of over AED 300 billion and includes new national policies in legislation, investment, technology, education and finance. Its goal is to build a vibrant knowledge economy in the UAE.
"The UAE is working towards establishing a solid future for the coming generations away from the fluctuation of the energy prices and markets," commented Sheikh Khalifa. "The UAE has set its course for a post oil world through investing in the development of our people in the fields of science and advanced technology."
Sheikh Khalifa added, "Creating sustainable wealth for the coming generation will depend on science, knowledge, technology and innovation. The Science, Technology and Innovation Higher Policy adopted today is a turning point in our journey to develop the UAE economically and socially."
He confirmed his brothers the Rulers of the Emirates' full support of the Federal government under the leadership of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, in achieving this policy and defining a new scientific and knowledgeable reality for UAE.
Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum , "Planning a higher policy for the UAE in the fields of science, technology and innovation that includes scientific initiatives, legislative recommendations and clear financial investment is a strategic decision that aims to change the national economy equation to drive it away from depending on limited oil resources. Our aim, as my brother His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has said, "is to celebrate the last oil barrel we export because we will be prepared for that day when it comes."
The Science, Technology and Innovation Higher Policy has involved the work of the members of the National Science, Technology and Innovation Committee, and their teams over the past year.
It comprises over 100 initiatives, a number of legislative innovations and policies in investment, technology, education and the financing of the development of a knowledge economy.
The policy includes the establishment of funds for science, research and innovation in the UAE in addition to refocusing investment legislation to encourage technology transfer, support innovation and establish global contractual industrial partnerships. It also includes targets to increase investment on research and development (R&D) in the UAE by threefold and increase the percentage of knowledge workers in the country to 40 per cent by 2021.
The national investment related to the Science, Technology and Innovation Higher Policy is more than AED 300 billion, distributed across investments in clean energy projects amounting to AED 128 billion; AED 72 billion investments in the renewable energy sector; AED 40 billion in aviation research, development and manufacturing; space sector investment of some AED 20 billion and AED 31 billion allocated to investment in enhancing R&D across a range of national initiatives targeting priority sectors. Added to this, AED 6 billion has been allocated to establish innovation incubators and AED 6 billion to develop and establish research centres attached to academia.