Dubai Invests in Future: 750 Million Dirhams
Sheikh Hamdan Approves 750 Million Dirham Budget for Innovation and Research
Dubai aims to maintain its leadership in global innovation, research, and development. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister of the UAE, announced on Thursday the approval of a 750 million dirham budget for the next phase of Dubai’s Research, Development, and Innovation (RDI) Program. The program aims to position Dubai among the world's leading cities in this arena by 2033.
Program Objectives
According to Sheikh Hamdan, the next phase of the program significantly strengthens Dubai's knowledge-based, technology-driven economy. The new initiatives aim to:
1. Create a global innovation hub: Dubai seeks to provide an environment that attracts the world’s leading researchers, inventors, and technology experts.
2. Develop sustainability and resilience: The project focuses on developing sustainable economic models and technologies that will help the emirate withstand climate change.
3. Establish a future-oriented economy: The program contributes to building Dubai's economic model around the latest technologies and innovations, ensuring continuous growth and competitiveness.
Sheikh Hamdan’s Vision
Sheikh Hamdan emphasized that the initiative aligns with the vision of Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai. “Our goal is to make the emirate a place that exemplifies preparedness, rapid response, and resilience. Dubai's appeal lies in providing an environment that supports top talents and advances innovation.”
Budget Allocation
The 750 million dirham budget will support the following areas:
1. Infrastructure development: Construction of modern research centers and technology facilities providing state-of-the-art tools and environments for researchers.
2. Talent development: Grants, scholarships, and professional opportunities for international and local researchers to support long-term talent retention.
3. Innovation funds: Support for new enterprises, startups, and tech developments, particularly in AI, data management, energy efficiency, and sustainable technologies.
4. International collaborations: Establishing global partnerships with universities, research institutions, and tech companies for knowledge sharing and development.
Expected Outcomes
The long-term goal of the RDI program is to make Dubai a global benchmark that other cities follow in innovation and sustainability. Introducing new technologies and advancing scientific research contributes to making the emirate:
1. A global leader in technological advancements.
2. Improve its economic diversification, reducing dependence on oil.
3. Offer sustainable solutions to energy and climate crisis challenges.
What Does This Mean for Dubai Residents?
The benefits of the initiative are apparent not only for researchers and businesses but also for everyday residents:
1. New jobs will be created in research and development.
2. Innovative solutions will be introduced in infrastructure and public services sectors like transportation, energy supply, and healthcare.
3. Dubai’s appeal will further grow as a home for future technologies and innovations.
This move strengthens Dubai’s global role and ensures that the emirate remains at the forefront of innovation and sustainability. The budget approved by Sheikh Hamdan is another testament to Dubai's commitment to building the future.
