Arab Today, arab today uae economic outlook forum underlines role of policy reforms on productivity and competitiveness
Last Updated : GMT 16:35:27
Arab Today, arab today
Arab Today, arab today

UAE Economic Outlook forum underlines role of policy reforms on productivity and competitiveness

Arab Today, arab today

Arab Today, arab today UAE Economic Outlook forum underlines role of policy reforms on productivity and competitiveness

UAE Economic Outlook forum
Abu Dhabi - WAM

‘UAE Economic Outlook 2016' forum, jointly organised by the Departments of Economic Development in Abu Dhabi and Dubai, with experts discussing the role of the various policies and economic drivers on promoting productivity and competitiveness in the UAE on the final day.

The second day of the two-day conference held at the Emirates Palace Hotel in Abu Dhabi was dedicated to exchanging ideas on ‘Meeting the Productivity Challenges.' Addressing the forum on the final day, Rashed Ali Al Zaabi, Acting Executive Director of Planning and Statistics in the Abu Dhabi Department of Economic Development, praised the government, semi-government and private sectors in the UAE for their contribution to the recently concluded UAE Innovation Week and mentioned the 132 initiatives launched by Abu Dhabi under the slogan ‘Emirates Innovates' to coincide with the Week.

Al Zaabi stated that the importance of knowledge and innovation in supporting productivity and competitiveness is underlined by the UAE Vision 2021 and further emphasised by President His Highness Sheikh Khalifa Bin Zayed Al Nahyan's declaration of 2015 as the Year of Innovation as well as the National Innovation Week celebrated under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai.

Commenting on the importance of the UAE Economic Outlook forum, Al Zaabi said it is a valuable opportunity for delegates to learn how to improve productivity and monitor the most important challenges facing productivity growth. The recommendations of the forum will contribute to building a highly productive, diverse and innovation-driven economy, he said.

Participating in the first session of the day on productivity challenges, Dr. Raed Safadi, Executive Director of Economic Research and Policy Division in the Department of Economic Development in Dubai, said overall productivity in Dubai and the UAE can be doubled through further economic diversification, policy reforms and focus on high value-added sectors.

"The initiatives launched by Dubai under the leadership of HH Sheikh Mohammed Bin Rashid Al Maktoum in recent years, for example, those with a strong focus on creativity, innovation and smart services, are aimed to achieve sustainability and promote competitiveness. Estimates show that the gross domestic product in Dubai will exceed 6% by 2019, which is more than the present growth rate in China. As Dubai moves closer to hosting the Expo 2020, the infrastructure will become more comprehensive and well-equipped to drive growth beyond 2020," said Dr Safadi.

Speaking at the final day's second session on ‘Translating higher productivity into a business advantage,' Essam Disi, Director, Strategy & Policy at Dubai SME, the agency of the Department of Economic Development in Dubai, mandated to develop the small and medium enterprise (SME) sector, told the audience about the agency's plan for 2021 to consolidate productivity principles in the sector and provide SMEs with the tools required to measure and monitor the levels of productivity, knowledge, growth potential and profitability.

"It's essential to define the concept of productivity and ways to measure it, in addition to facilitating the application of these concepts in a practical way and link them to strategies for continuous development, efficiency and effectiveness. Supporting research and development efforts, adoption of modern technologies and best practices, and rewarding best performing companies should also be part of the strategies to enhance productivity," added Disi.

Referring to the acknowledged role of SMEs as the most important drivers of innovation in any economy, Disi said investing in SME support should be a top priority for governments. "We see such focus in the plans and strategies across the UAE, both at the federal and local levels. In the next stage we expect to see varied joint initiatives between the public and private sectors to raise productivity and competitiveness among SMEs to global levels," he concluded.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uae economic outlook forum underlines role of policy reforms on productivity and competitiveness Arab Today, arab today uae economic outlook forum underlines role of policy reforms on productivity and competitiveness

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uae economic outlook forum underlines role of policy reforms on productivity and competitiveness Arab Today, arab today uae economic outlook forum underlines role of policy reforms on productivity and competitiveness

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today China refuses visa to elderly India runner

GMT 15:01 2017 Tuesday ,26 September

China refuses visa to elderly India runner
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday