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UAE announces Science, Technology and Innovation Policy

Policy to made up of 100 initiatives boosted by AED 300bn investment

Sheikh Mohammed: We will celebrate the last barrel of oil
Sheikh Mohammed: We will celebrate the last barrel of oil

The UAE has announced what the country's leaders are calling the Science, Technology and Innovation Policy, made up of 100 initiatives that will be boosted by an AED 300bn investment.

The policy was announced yesterday on social media by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. In his posts, he said that the move was being made to help the country boost its non-oil economy.

"The Policy adopted by President HH Sheikh Khalifa has practical initiatives, legislative change and financial investment in a non-oil economy. The Policy encompasses health and education, energy, transport, water and technology and a threefold increase in scientific research to 2021," Sheikh Mohammed wrote.

He added that the policy includes expanding solar energy, nuclear research, as well as R&D in the fields of robotics, artificial intelligence and genomics.

Sheikh Mohammed said that the ultimate end goal was for the UAE to develop a non-oil, knowledge-based economy. The country is still very much dependent on oil exports, but leadership figures have in recent years taken steps to plan for the days when the oil might eventually run out. In his posts, Sheikh Mohammed, said that, with these plans in place, the UAE could look forward to not having an oil-based economy.

"As my brother Mohammed bin Zayed said, we will celebrate the last barrel of oil," he wrote.

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