Dubai’s Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has approved a Dh750 million budget for the next phase of the Dubai Research, Development, and Innovation Programme, aiming to position Dubai as a global leader in innovation by 2033.
Sheikh Hamdan stated, “Dubai is reinforcing its status as a hub for innovation, development, and future readiness. The budget will support a knowledge-based, tech-driven economy while aligning with Sheikh Mohammed bin Rashid Al Maktoum’s vision of attracting top global talent.”
Major Initiatives Announced
1. Dubai Resilience Strategy
Sheikh Hamdan also approved the Dubai Resilience Strategy, which aims to set global standards in readiness and resilience.
He remarked, “Resilience is essential in a rapidly changing world. Dubai’s response to the Covid-19 crisis has proven our preparedness. This strategy will strengthen our leadership in tackling future challenges.”
The strategy focuses on essential needs, economic resilience, infrastructure, and governance. Initiatives include volunteer programs, digital policies, and adaptable legislative frameworks.
2. Dubai Food Security Strategy
A key focus on sustainability led to the approval of the Dubai Food Security Strategy, featuring 20 projects worth Dh164 million. These aim to reduce food waste by 2%, increase high-tech farming projects by 15%, and boost public awareness of food security to 90%.
Highlights include:
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- A digital food security platform.
- Enhanced food stock management plans.
- Support for small-scale producers and startups.
3. Criminal Judgements Implementation System
The meeting also approved the Criminal Judgements Implementation System, developed by Dubai Public Prosecution. This initiative will streamline judicial processes using advanced technology to ensure faster case resolutions.
Key features include:
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- Smart fine payments via digital platforms.
- Community service as alternative penalties.
- Modernised execution mechanisms.
Dubai Research, Development, and Innovation Programme
The Dubai Research, Development, and Innovation Programme, overseen by the Dubai Future Foundation, targets Dh20 billion annual GDP contributions by 2033. It plans to create 120,000 jobs and launch 600 innovative startups.
The three-year Dh750 million investment focuses on:
- Building partnerships with global universities and research centres.
- Boosting private sector R&D spending to 50%.
- Launching the Institute for Future Research to foster collaboration with global academic institutions.
