MoIAT hosts virtual tour to introduce UAE’s science and technology ecosystem to South Korean investors



ABU DHABI, (UrduPoint / Pakistan Point News / WAM – October 24, 2021) The UAE Ministry of Industry and Advanced Technology (MoIAT) hosted a “Sci-Tech Virtual Tour” to highlight the ecosystem UAE science and technology and the incentives, benefits and opportunities for global investors, innovators and business leaders, especially in the field of medical technology.

The first in a series of virtual tours to showcase investment opportunities in the country, the two-day event was organized in cooperation with the Embassy of the United Arab Emirates in the Republic of South Korea. It hosted an audience of researchers, start-ups, SMEs and representatives of large companies from the science, technology and health sectors in the United Arab Emirates and South Korea. In addition to offering insight into the UAE investment ecosystem, the virtual tour provided a platform for stakeholders to network, engage and ultimately exchange ideas, expertise and know-how.

The sessions and discussions were aligned with the national industrial strategy of the Ministry of Industry and Advanced Technologies, Operation 300 billion, the ten-year strategy which aims to empower and develop the industrial sector in order to strengthen its contribution to the national GDP to 300 billion. billion AED in 2031.

Omar Ghobash, Deputy Minister of Public and Cultural Diplomacy, opened the virtual event, in the presence of Abdulla Saif Al Nuaimi, Ambassador of the United Arab Emirates to the Republic of South Korea, and a number of stakeholders from two countries. Ghobash offered an overview of the opportunities available in the UAE healthcare sector.

The tour included several sessions held over two mornings, designed to highlight the UAE’s attractiveness as an investment destination and showcase the country’s progress in science and technology, especially in the areas of science and technology. health care and medical technology.

The first day included a number of group discussions. The first session focused on the objectives of the National Strategy for Industry and Advanced Technology – Operation 300 billion – and the competitive advantages of the UAE economy and the funding and enabling role of the UAE Development Bank. The second session provided an overview of the investment environment in the country, while the remaining sessions focused on the business environment of the UAE science and technology sector. The last session was devoted to discussing the future of the use of technology in the health sector.

On the second day, the opening session addressed the importance of the academic sector in the growth of the scientific and technological environment in the two countries, as well as the impact of the COVID-19 pandemic on the advancement of efforts. research and development. The first session of the day focused on the role of investment and international partnerships within the 300 billion operation. The second session included a review of the research and development sector of the United Arab Emirates. The third session included a roundtable between stakeholders from the two countries working in the field of health care and technology. The fourth and final session focused on the role of academia in industry development.

Tariq Al Hashmi, head of technology development and adoption at the Ministry of Industry and Advanced Technologies, confirmed that the event will represent a vital first step in deepening relations between the UAE and the United Arab Emirates. South Korea in this important area.

“What we are trying to create in this virtual tour is a bridge between our science and technology communities in the UAE and South Korea. We understand that South Korea has great capacity and great capabilities in science and technology, and we’re really excited to learn more about the ecosystem in South Korea. ”

He added, “Medical technology is very important to us in the UAE, and we are trying to harness medical technology for the well-being of our people, as well as creating business opportunities in this vital sector.

The United Arab Emirates and Korea have cooperated on many successful projects in nuclear science and space technology, and we are confident that we can extend this collaboration in the field of medical technology. ”

Omar Ghobash said: “The development of a world-class health system is of crucial importance to the Emirates and is one of the key pillars of our national agenda. The sector has grown rapidly to meet the needs of a growing population and the country’s ambition. As our healthcare industry grows and becomes more sophisticated, the UAE continues to research, identify, develop and implement new leading medical technology solutions including telemedicine , the digitization of medical records, connected medical devices, data privacy protection, laboratory technology, the Internet of medical things, 3D printing, etc. This bodes well for the expansion of the medical technology sector.

He added, “The Republic of Korea is a leading knowledge-based economy, pursuing cutting-edge technological research and the development of advanced 4IR technologies – and we hope that the virtual tour will enable new partnerships and exchanges and promote the learning and development of the science and technology sector in our two countries.

During his remarks, Ambassador Al Nuaimi highlighted the rapid development of the UAE’s industrial ecosystem, which he said offers many opportunities for Korean investors, business owners and stakeholders.

“The country’s industrial sector is guided by an ambitious and comprehensive strategy that was launched in March 2021 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai. It focuses on future industries that implement advanced technologies. technologies and applications of the fourth industrial revolution. Dubbed Operation 300 Billion, the strategy aims to advance and develop the industrial sector to become the driving force of the sustainable national economy in the United Arab Emirates by 2031.

He added, “The Republic of Korea is one of the leading countries in the field of science and technology and has made major achievements in promoting the Fourth Industrial Revolution. exchanged by the leaders of the two countries in recent years. During these visits, the two sides concluded a number of cooperation agreements in various fields, including science and technology.

The presentations and discussions during the UAE Sci-Tech Virtual Tour included an overview of the cutting edge industrial and technological strategy of the UAE 300 Billion Operation by Abdulla Al Mahri, Director of Investment and stakeholder engagement at the Ministry of Industry and Advanced Technology; a review of the UAE investment ecosystem by Dr Hassan Al Sayegh, director of SME development at the Ministry of Economy, and Hind Al Youha, director of the investment and attraction department talents; the scientific and technological ecosystem of the Emirates of Abu Dhabi, Dubai and Sharjah; the United Arab Emirates research and development ecosystem; and the role of academia in industry.

A group of large national companies participated in the discussions on the role of advanced technologies in health care. It included G42 Healthcare, a subsidiary of the UAE G42 group, specializing in artificial intelligence and cloud computing; Mubadala Healthcare, the integrated healthcare network of Mubadala Investment; and Abu Dhabi Investment Office.



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