AIM 2016 to discuss govt role in R&D
FDI conference in Dubai to focus on encouraging research in the Arab World
The sixth Annual Investment Meeting (AIM 2016), which will be held in Dubai next month, will focus on encouraging public sector investment of Research and Development (R&D).
The conference, the world's largest Foreign Direct Investment (FDI) -focused event, will discuss the importance of R&D and the role of government in increasing R&D investment and legislation.
AIM 2016 will be held under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai, from 11-13th 2016 at the Dubai International Convention and Exhibition Centre.
UNESCO estimates that global investment in scientific research grew by 31% to $1.478 trillion from 2007 to 2013. However, spending per head in the Arab world is only on average $14, compared to over $1,200 per person in the US or Europe. In 2012, 2.9 million pieces of scientific research were published, but only 38,500 came from the Arab world.
HE Sultan Bin Saeed Al Mansoori, UAE Minister of Economy revealed that the UAE occupies a leading position in this area, as reflected with the country's first rank among the countries of the Middle East in terms of overall performance in the 2014 Global Innovation Index, published by Cornell University and the European Institute for Business Administration INSEAD and the World Intellectual Property Organization.
HE Al Mansoori stressed that the sector still needs support in the Arab region and the world, and this is why the Higher Organizing Committee of AIM 2016 will dedicate this edition to put forward discussions on R&D to develop and strengthen this sector.
"The sixth edition of AIM will identify key factors to help countries increase investment allocations in the R&D field. We were inspired by the vision of the leadership in the UAE, which call for promoting innovation and support young and talented entrepreneurs, as well as encouraging investment in the education sector, attracting leading practices through FDI that help transfer knowledge and expertise," HE Al Mansoori said.
"Despite the relatively less research in R&D in the Arab region, however, some of the emerging economies were able to develop legal frameworks to ensure transfer of knowledge through FDI. We urge decision-makers to recognise the importance of R&D sector, to produce this cooperative work for concrete results in this area," added HE Al Mansoori.