UAE announces AED 300 billion plan to boost innovation

Sunday, 22 November 2015 07:22

The UAE is working on a AED 300 billion plan to foster innovation and build a knowledge economy. The Emirates Science, Technology and Innovation Higher Policy will focus on 100 initiatives, with major investments in education, health, energy, transport, space and water. President His Highness Sheikh Khalifa bin Zayed Al Nahyan made the announcement as part of national Innovation Week celebrations. Funds will mainly go towards research and development, as well as increasing the number of people working in the knowledge economy by 2021.

More from UAE News

H.H. Sheikh Mohammed attends UAE Government Annual Meetings 2025

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has emphasised the dedication of government teams "to reinforce the UAE’s leadership in all sectors" during his visit to the UAE Government Annual Meetings 2025.
UAE unveils AED 170 billion road, transport plan to ease traffic

The UAE has announced a AED 170 billion package of national transport and road projects to be completed by 2030, aimed at easing congestion and improving mobility across the country.
Dubai rolls out new taxi fares for app bookings

Dubai’s Roads and Transport Authority (RTA) has rolled out a new fare structure for taxis booked via smart apps, but the changes will not affect passengers hailing taxis directly on the street.
UAE moving fast towards 2031 national goals

The UAE has already achieved 67 per cent of its national goals under the "We the UAE 2031" vision — with six years still to go.