01 September 2016

Investments up to a total of Dh1 billion ($272 million) will be made in projects and companies taking part in Dubai Future Accelerators, an ambitious initiative to advance research and development and entrepreneurship in key sectors in the UAE.

Launched under the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai,  the initiative encourages participants to find innovative solutions for seven “future challenges” in strategic sectors.

The suggested solutions reflect each organisation’s vision and the opportunities it seeks to capitalise on, in the areas of education, health diagnosis, sustainable buildings, and mobility, and explores the enablers of the “fourth industrial revolution”, such as robotics, artificial intelligence, 3D printing, genomics, biomimicry, and biotechnology.

Mohammed Al Gergawi, managing director of Dubai Future Foundation, and chairman of Dubai Holding, said Future Accelerators will attract the world’s best start-ups in innovation-led sectors, provide appropriate opportunities for growth, and open new markets.

He stressed the step complements the efforts of the initiative to attract global entrepreneurship to the UAE and stimulate innovation, research and development in the areas and sectors most closely related to human life.

Dubai Future Foundation and Dubai Holding will together invest Dh1 billion over the course of five years in projects and companies capable of passing the Future Accelerators programme, and solving their respective sectors’ challenges through projects on the ground, and in partnership with institutions such as Dubai Health Authority, Dubai Roads and Transport Authority, Dubai Knowledge and Human Development Authority, Dubai Electricity and Water Authority, Dubai Municipality, Dubai Police and Dubai Holding.

• GRI eyes GCC growth as business booms
• $272m to accelerate Dubai development
• Dubai Parks and Resorts set to open
• Floating homes no flight of fancy
• The Tower gets wind tests
• Dubai construction sees growth
• Update
• Hira achieves DCL quality certification
• RWI to launch new insulation pipes
• 800-room resort on the way up
• Utico invests $185m to double desal capacity
• Tenders out for two Nakheel hotels

Tags

Abu Dhabi Power Generation Chemicals in Construction Compaction & Paving Plant Scandinavia & the Mideast Concrete Technology Partitions Legally Bound Just Out Editorial Calendar - 2016 Regional News Saudi Focus UAE Focus Events Diary of events Contractors Real Estate Interiors Tenders Manufacturers & Procurement

Gulf Construction is the undisputed leading trade journal for the building and construction industries of Saudi Arabia and the other Gulf states. The magazine provides editorial coverage on a wide range of topics which are of interest to industry professionals. In addition, regular features highlight technological developments within specific industry fields. Launched 40 years ago, the magazine has established an enviable reputation as an authoritative, respected journal with unmatched coverage of the Gulf region. Gulf Construction is essential reading for anyone with a serious interest in the region’s building and construction industry.