UAE Increases Ranking in UN’s Frontier Technologies Readiness Index – Business – Economy and Finance

The UAE has climbed 5 locations within the annual United Nations’ Expertise and Innovation Report, which ranks international locations in line with their readiness to make use of, undertake and adapt a variety of frontier superior applied sciences with a concentrate on inexperienced innovation. The UAE was ranked thirty seventh within the 2023 version, titled ‘Opening inexperienced home windows: Technological alternatives for a low-carbon world’.
The report examines a variety of indicators together with R&D and trade actions, ICT deployment, expertise, and entry to finance. The UAE was the highest-ranking Arab nation and was ranked within the ‘excessive’ rating group, having beforehand been ranked within the ‘higher center’ rating group in 2021.
The UAE’s speedy rise within the rankings over the previous few years displays the nation’s efforts to increase its industrial and technological capabilities in keeping with its sustainability agenda. These efforts have been pushed by the Ministry of Business and Superior Expertise (MoIAT), whose initiatives have paved the best way for innovation, technological growth and pioneering the inexperienced industries of the longer term.
Nationwide campaigns such because the Expertise Transformation Program, Industrial Expertise Transformation Index, and Operation 300 billion have helped the nation to rework into a worldwide hub for innovation and know-how in addition to trade. 
MoIAT is actively encouraging know-how and industrial firms from around the globe to make use of the UAE as a base to provide new applied sciences that may assist to drive sustainable industrial growth, sort out local weather change and speed up decarbonization. This strategy is underpinned by the nation’s Internet Zero strategic initiative. The nation’s dedication to innovating within the area of local weather motion is among the many causes the UAE was chosen to host COP28 in 2023. 
The UN report examines 17 ‘frontier applied sciences’, together with synthetic intelligence (AI), inexperienced hydrogen and biofuels, highlighting their potential financial advantages and assessing every nation’s capacity to make use of, undertake, and adapt these improvements. 
These applied sciences have skilled great development within the final twenty years: in 2020 the full market worth was $1.5 trillion and by 2030 may attain $9.5 trillion, representing a big alternative for buyers. Round half of the latter is for the Web of issues (IoT) which embraces an enormous vary of gadgets throughout a number of sectors. 
Her Excellency Sarah Al Amiri, Minister of State for Public Training and Superior Expertise, mentioned: “This report displays the UAE’s place as a frontrunner in creating and deploying new transformative applied sciences to spice up effectivity, cut back emissions, and speed up the vitality transition. As a worldwide hub for innovation and expertise, we’re pioneering cutting-edge applied sciences that not solely assist sustainable industrial growth, but additionally contribute to decarbonizing different financial sectors. By means of Operation 300 billion, MoIAT has labored exhausting to foster an enabling ecosystem the place superior applied sciences can thrive. This has concerned investing closely in R&D and introducing incentives and enablers for the event of applied sciences comparable to carbon seize to sort out local weather change.
Her Excellency added: “The UAE’s strong rating on this world index displays the nation’s efforts to increase its industrial and technological capabilities in keeping with the goals of the Nationwide Technique for Business and Superior Expertise. It signifies the elevated position of superior and inexperienced applied sciences in nationwide industries in addition to the ministry’s efforts to drive sustainable growth. As a part of these efforts, the ministry has launched initiatives such because the Expertise Transformation Program, the Industrial Technological Transformation Index, and the Industrial Sustainability Alliance. These packages are designed to encourage the implementation of inexperienced know-how and the adoption of sustainable practices in a approach that enhances the nation’s place as a worldwide hub for trade, innovation, know-how, and future industries.”
“The UN’s Expertise and Innovation Report is a crucial recognition of the UAE’s main position within the worldwide neighborhood within the run-up to COP28. It’s testomony not solely to the ministry’s nationwide industrial technique, but additionally to the nation’s Internet Zero strategic initiative and position as a hub for fostering local weather applied sciences. We sit up for utilizing platforms comparable to COP28, UAE Local weather Tech, and Make it within the Emirates within the coming months to discover alternatives for sharing data, facilitating innovation, and accelerating industrial transformation and local weather motion alongside our worldwide companions.”

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