Oct 20, 2014 - The UAE’s Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum has introduced a national programme that aims to speed up innovation over the next seven years in several fields, renewables included.
The goal is to make the UAE one of "the most innovative nations in the world", news agency WAM said on Sunday. The focus of the programme will be on advances in renewable energy, transport, education, health, technology, water and space.
Under the first phase of the programme, the Arab nation will carry out 30 initiatives over three years that will involve the introduction of new legislation, investments in specialised skills, private-sector incentives and international research, among others. For renewables, in particular, the country will launch new rules to facilitate small-scale solar schemes and other decentralised power generation projects and will also promote innovation in the sector. Applied research in clean technology will also be part of the programme.
Overall, the new strategy will work along four parallel tracks -- support of innovation through institutions and laws, adoption of innovative practices through government savings, private sector innovation and innovation on individual level.
The UAE is spending some AED 14 billion (USD 3.8bn/EUR 3bn) per year for innovation projects, half of which for research and development, according to the report.
(AED 1.0 = USD 0.272/EUR 0.214)
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