The World Economic Forum on the Middle East and North Africa in progress in Jordan on Saturday. WAM
The UAE Government has announced granting long-term visas for the top 100 start-ups shaping the Fourth Industrial Revolution.
The 100 Arab start-ups were selected at the World Economic Forum on the Middle East and North Africa, being held in Jordan till 7 April.
The Forum witnessed for the first time bringing together 100 emerging companies from the Arab region, which are working to shape the future of the Fourth Industrial Revolution.
The announcement of the five-year visas was made during the participation of Abdulla Bin Touq, Secretary General of the UAE Cabinet, and Khalfan Juma Belhoul, CEO of Dubai Future Foundation, in a key session titled "Arab Start-ups: Reaching Velocity."
"The UAE is a global incubator for emerging innovations. Our innovation-friendly legislative structure is essential for start-up companies," said Abdulla Bin Touq, Secretary General of the UAE Cabinet.
"This collaboration with the World Economic Forum to grant long-term visas to the top 100 Arab start-ups reflects our commitment to facilitate businesses, create an attractive and encouraging environment for growth, and underline the UAE's position as a global destination for talents," he concluded.
The start-ups will also have a chance to team up with "Area 2071" which serves as a gateway and a platform to design the future, through encouraging creativity, fostering talents as well as attracting local and global partnerships.
"This initiative reaffirms UAE’s commitment to build global partnerships between the government and the private sectors to promote future technologies and the exchange of global experiences and innovations in order to employ the Fourth Industrial Revolution technologies in future cities," said Khalfan Juma Belhoul, CEO of Dubai Future Foundation.
According to World Economic Forum's latest report, 20% of Arab world's 100 most promising startups are based in the UAE. The UAE is home to 19 best startups that will likely shape the Fourth Industrial Revolution.
The UAE Government highlighted during its participation at the WEF-MENA the recently inaugurated RegLab, the largest laboratory to anticipate and develop future laws governing the use and application of technology. The lab aims to create a reliable and transparent legislative environment, introduce new or develop existing legislation, regulate advanced technology products and applications and, by providing a secure legislative environment encourage investment in future sectors.
The sanctuary located in Jerash province north of Amman was set up by the Princess Alia Foundation, named after the king's sister, in cooperation with the international animal welfare organisation Four Paws.
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, has launched the ‘Golden Card’ scheme to grant permanent residency benefits to investors, entrepreneurs, specialised talents, researchers, and outstanding students.
The Indian community in the UAE gave warm welcome to India’s Minister of State for External Affairs V. Muraleedharan in Dubai on Friday, the first union minister to visit the UAE since the new government took charge under Prime Minister Narendra Modi after the general elections in May.
Indian economy is likely to swell to $5 trillion mark ahead of its target of 2024 despite huge challenges and global trends. This was stated by T.N. Manoharan, non-executive chairman of India’s Canara Bank recently in Dubai,
In 2018, the UAE occupied the first and second positions internationally in 47 competitiveness indexes covering around 13 development sectors, reflecting its efforts to achieve comprehensive development and the UAE 2021 Vision.
Dubai Land Department (DLD) signed memorandums of understanding (MoU) with Ras Al Khaimah International Corporate Centre (RAKICC) and with Ras Al Khaimah Economic Zone (RAKEZ)