Media ININ Economy We Trust
06-04-2019 Media in\Dubai
The Government of the UAE has announced the granting of five-year visas to the top 100 emerging Arab companies selected at the World Economic Forum for the Middle East and North Africa held in the Kingdom of Jordan on 6 and 7 April. The Forum witnessed for the first time this year an initiative to collect 100 emerging companies from The Arab world is working to shape the future within the framework of the Fourth Industrial Revolution. These companies were selected in cooperation with a number of leaders in the business sector in the region.
The announcement of the UAE’s granting of long-term visas was announced during the participation of His Excellency Abdullah bin Touk, Secretary General of the Council of Ministers and HE Khalfan Jumaa Belhoul, CEO of Dubai Future Foundation, in a pivotal session on stimulating emerging Arab projects through developing legislation and supporting entrepreneurship.
The UAE is home to 20% of the region’s emerging projects, according to the latest World Economic Forum reports. The UAE has 19 promising emerging projects out of 100 projects in the Arab region expected to form the future of the 4th Industrial Revolution in the region.
“The UAE is leading the Middle East and North Africa (MENA) region in emerging technology projects thanks to the creation of an attractive regulatory infrastructure for innovation which is essential for emerging companies,” said Abdulla Bin Touq.
He added: “Cooperation between the UAE and the World Economic Forum and the granting of long-term visas to the top 100 emerging Arab companies aims to facilitate business practices, create an attractive and encouraging environment for the growth and success of companies and underline the UAE’s position as a global destination to attract talent.”
Khalfan Jumaa Belhoul said: “This initiative reflects the determination of the UAE government to build global partnerships at the governmental and private levels that support the adoption of future technology and the exchange of international experiences and innovations. Today we have pioneering experiences in incubating future projects and providing an economic and legislative environment, Fourth in the service of man and building future cities. ”
The 2071 region will be a gateway to tomorrow and a platform for the implementation of the UAE model for future design. It is an innovative model for designing the future that is applicable in any city. The region attracts large and medium enterprises that have laboratories for design Creating technological tools and solutions for the future, as well as investors and young people.
The Government of the UAE, through its participation in the forum, affirmed that the State has many elements for the establishment of innovative projects, the most important of which is the legislative structure, which is flexible and fast in line with the new changes in the market. The Fourth Industrial Revolution through the creation of a reliable and transparent legislative environment, the introduction of new legislation, the development of existing legislation, the regulation of modern technical and technological fields of work, and the promotion of safe investment in future sectors, 2021 Mioatha 2071.
