Dubai Invests Dh750 Million to Lead in Innovation and Resilience

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Dubai’s Crown Prince, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, has approved a Dh750-million budget for the next phase of the Dubai Research, Development, and Innovation Program. 

The initiative aims to position Dubai as a global leader in innovation and resilience by 2033, contributing Dh20 billion annually to GDP, creating 120,000 jobs, and supporting 600 startups. 

Key goals include increasing private sector R&D spending to 50% of investments and boosting the innovation sector’s GDP contribution to 2.5%.

These initiatives reflect Dubai’s commitment to future-readiness, innovation, and sustainability, aligning with Sheikh Mohammed bin Rashid Al Maktoum's vision to establish Dubai as a global hub for excellence.

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Source: https://www.khaleejtimes.com/uae/dubai-sheikh-hamdan-approves-dh750-million-budget-to-lure-top-talent-in-innovation-research