In line with the UAE’s Vision 2021 to be among the top 10 countries in the world by the Golden Jubilee of the Union in 2021, the UAE has taken many steps and strides to promote and encourage innovation. Most notable is the launch of the Innovation Strategy in 2014 by His Highness Sheikh Mohammed bin Rashed Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai. To align with national priorities and the 2030 Agenda, the Ministry of Economy is continuously working on fostering an environment that encourages sustained economic activity in the UAE. This is done through the enactment of legislations that encourage investments, supporting small and medium enterprises (SMEs), protecting consumer rights and intellectual Property as well as fulfilling environmental and social requirements whilst pursuing economic growth.
Policies and Initiatives
Manufacturing value added per capita at constant 2010 United States dollars