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UAE Leads Metaverse Adoption, Poised To Contribute $16bn Annually By 2035

The United Arab Emirates (UAE) is rapidly establishing itself as a global leader in virtual tourism, leveraging cutting-edge technologies like Artificial Intelligence (AI) and hyper-personalized experiences. This innovative approach is expected to capture a significant portion of the projected $3.26 billion global market for metaverse-enabled tourism by 2025.

Fueled by rising demand for remote and sustainable travel experiences, the UAE’s virtual tourism landscape is experiencing a dynamic shift. New players, both international and domestic, are entering the market, attracted by the segment’s thriving potential. This influx is expected to reshape the virtual tourism landscape within the country.

Currently, established players like Matterport, Dubai360, and 360 Emirates offer engaging packages like the “Louvre Virtual Tour in Abu Dhabi” and the “Dubai360” interactive experience. These experiences allow users to virtually explore iconic landmarks like the Palm Jumeirah and the Burj Al Arab from anywhere in the world.

Beyond inspiration and trip planning, virtual tourism serves as a valuable tool for leisure and entertainment. It is projected to significantly contribute to the UAE’s ambitious goal of generating $125 billion (AED450 billion) in tourism revenue by 2031.

Industry experts like Samuel Huber, CEO of LandVault, a leading virtual experience developer with operations in Dubai, predict a major expansion in the market. “The global virtual tourism market is expected to reach $6.5 billion by 2030, and the UAE is poised to capture a significant portion due to its leadership in implementing virtual tourism experiences,” he states.

LandVault itself is actively investing in the region, building digital twins for real estate companies and collaborating with local governments on undisclosed projects. Huber emphasizes the potential benefits of virtual tourism for the UAE’s tourism sector, including increased GDP contribution and attracting wider tourist demographics.

Beyond “try before you buy” experiences, virtual tourism serves as a valuable planning tool, enhancing the overall travel experience and contributing to the sector’s long-term growth. Factors like technological advancements, the desire for remote experiences, and sustainable travel trends are driving the sector’s expansion.

According to Huber, “The metaverse could bring a benefit of up to $16.7 billion per year to the UAE, while contributing up to $50 billion in additional GDP to the Middle East and North Africa region by 2035.”

The UAE’s tourism sector is also witnessing a surge in AI adoption for trip planning, with 60% of travelers expecting AI assistance compared to the global average of 48%. Additionally, demand for hyper-personalized experiences is rising, leading to companies like Miral developing facial recognition technology for seamless entry and contactless payments in their theme parks.

With its strategic investments, innovative approach, and focus on personalized experiences, the UAE is poised to solidify its position as a global leader in virtual tourism, attracting new players and reaping significant economic benefits in the years to come.

Initiate your AI & Metaverse venture in Dubai with Smart Zones® UAE, your trusted business setup consultants. Benefit from our expertise in navigating the dynamic business landscape of Dubai, ensuring a seamless establishment process. Dubai’s strategic location, advanced infrastructure, and supportive business environment make it an ideal hub for AI and Metaverse enterprises. Let Smart Zones® UAE guide you through the setup process, helping you leverage the city’s opportunities and thrive in the cutting-edge realms of AI and the Metaverse.

 

Publish 20 Feb 2024

Source: https://www.arabianbusiness.com/industries/travel-hospitality/uae-metaverse-adoption-surges-ahead-of-global-peers-on-tourism-ai-bets-as-market-poised-to-contribute-16bn-yearly-by-2035

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+971 529604444 / +971 43614555

UAE’s Fils & Telr Join Forces: Sustainable Infrastructure For Greener E-Commerce

In a strategic move to empower e-commerce businesses with sustainable solutions, Dubai-based ESG fintech Fils has partnered with Telr, a leading online payment gateway provider in the UAE. This collaboration aims to integrate Fils’ end-to-end sustainable infrastructure into Telr’s platform, enhancing the transparency and environmental impact of financial transactions.

Through this partnership, Telr merchants will gain access to emission tracking tools and the ability to participate in voluntary carbon markets, effectively mitigating the environmental footprint of their operations. This aligns with Telr’s commitment to promoting sustainable finance, as emphasized by its CEO, Khalil Alami, who stated: “This partnership underscores our unwavering dedication to driving sustainable finance, and by leveraging Telr’s expertise and partnering with entities like Fils, we aim to reshape transactions.”

Nameer Khan, CEO and Founder of Fils, highlighted the positive impact this collaboration will have on tackling climate change: “The partnership with Telr will make a real impact in tackling the issues of climate change, providing access to carbon markets via our robust and transparent infrastructure.”

This integration seamlessly expands Telr’s existing suite of services, offering a comprehensive one-stop solution for e-commerce businesses seeking to elevate their operations while minimizing their environmental impact.

 

Publish 15 Feb 2024

Source: https://www.arabianbusiness.com/industries/technology/uae-fintech-fils-partners-with-online-payment-gateway-telr-to-offer-sustainable-infrastructure-for-e-commerce-businesses

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DIFC Dubai Launches Initiative For Family Business Succession And Longevity

The Dubai International Financial Centre (DIFC) recognized the increasing demand for support among family businesses and spearheaded several initiatives in early 2023. This commitment was further solidified with the recent launch of a specialized program in collaboration with MIT Sloan Executive Education and the DIFC Academy.

Titled “Sustaining Family Business Success,” the intensive program (June 24-26, 2024) equips participants with the knowledge and strategies to navigate both regional and global expansion while staying true to family values. Participants will gain valuable insights into building future-proof enterprises that can thrive across generations, earning a prestigious MIT Sloan certificate upon completion.

Recognizing the critical need for adaptability in today’s dynamic landscape, DIFC Chief Strategy Officer Christian Kunz emphasizes Dubai’s ideal position as a hub for family businesses. “Our vibrant ecosystem, strategic location, and dedication to innovation create a unique offering,” he states, highlighting the blend of global opportunities and a supportive environment conducive to growth.

With only 20% of Middle Eastern family businesses reaching the third generation, this program aims to empower and ensure their longevity, contributing significantly to the UAE’s economic prosperity. MIT Sloan’s Faculty Director John Davis echoes this sentiment, stressing the need for redefined stewardship and building agility for long-term success. He emphasizes that “the traditional model of simply preserving family legacy is no longer sufficient. Building a future-oriented and adaptable enterprise, while generating diverse value streams aligned with family values, represents the new paradigm for success.”

The program incorporates six key pillars designed to address critical challenges faced by family businesses: Future Vision, Managing Turbulence, Governance, Talent, Succession, and Multigenerational Success. This comprehensive approach aligns with DIFC’s ongoing commitment to supporting family businesses, exemplified by initiatives like the Family Wealth Centre and Family Arrangements Regulations. These resources provide dedicated services, legal frameworks, and support structures to help families preserve their legacies across borders and generations.

By launching these initiatives, DIFC demonstrates its proactive approach to empowering family businesses and fostering their sustainable growth within the region’s dynamic economic landscape.

 

Publish 12 Feb 2024

Source: https://www.arabianbusiness.com/industries/banking-finance/dubais-difc-launches-new-initiative-to-boost-succession-planning-longevity-of-family-businesses

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Dubai secures agreements for the world’s first air taxi at the 2024 World Government Summit.

In a groundbreaking development poised to transform urban transportation, Dubai has finalized agreements during the World Government Summit 2024 to introduce the world’s inaugural air taxi service. These agreements establish the framework for Dubai to spearhead the implementation of an expansive electric aerial taxi service and vertiport network.

Central to this pioneering initiative is the Joby Aviation S4, an innovative aircraft meticulously designed to comfortably accommodate four passengers and a pilot. Equipped with six propellers and powered by four battery packs, the S4 boasts an impressive maximum range of 161 km and a top speed of 321 km per hour. Its Vertical Take-Off and Landing capabilities make it especially well-suited for urban environments, minimizing spatial requirements typical of conventional stations and mitigating noise pollution in comparison to helicopters.

Prioritizing efficiency, safety, and sustainability, the air taxi project pledges an array of advantages, encompassing reduced noise levels, zero operating emissions, and heightened passenger convenience. By harnessing state-of-the-art technology, these aerial vehicles aim to seamlessly integrate into Dubai’s urban landscape, providing rapid and environmentally friendly transportation solutions. The electric-powered aircraft can undergo swift recharging between flights, representing a bold stride towards a more sustainable and accessible transportation future.

The commencement of the air-taxi network’s operations is scheduled for 2026, marking a significant milestone in Dubai’s ongoing endeavor to redefine urban mobility.

 

Publish: 13 Feb, 2024

Source: https://www.thenationalnews.com/business/aviation/2024/02/13/dubai-flying-taxis/

Gulfood 2024: Dubai F&B Event Draws Global Food Industry Experts

Gulfood 2024 in Dubai is set to welcome over 5,500 exhibitors and visitors from 190 countries, making it the largest annual food and beverage sourcing event globally. The event is scheduled to take place from 19-23 February 2024, showcasing the future of the food industry.

Organized by the Dubai World Trade Centre, Gulfood remains the premier platform for the global food and beverage community.

The Dubai Media Office, in a statement, announced that over 5,500 exhibitors and visitors from 190 countries are expected to participate in Gulfood 2024, focusing on the future of the food industry.

Discussions led by industry leaders will explore strategies for transforming global food systems to sustainably feed a growing global population, addressing challenges such as climate change.

Innovations, including agricultural technology, the use of artificial intelligence in production, and the reduction of food waste, currently responsible for a third of global output, will be emphasized as means to enhance resilience.

Trixie LohMirmand, Executive Vice President of the Dubai World Trade Centre, stated, “Gulfood 2024 will be the first opportunity for the global F&B industry to convene in 2024. Industry leaders will gain insights from some of the world’s leading food futurists, identifying business opportunities and forging partnerships in this new era defined by paradigm-shifting technology such as AI.”

Under the theme ‘Real Food, Real Business,’ Gulfood 2024 will showcase authentic products and facilitate partnerships, with over $12 billion in commercial deals typically sealed at each event.

Notable exhibitors, including Agthia, Dilmah, and JBS, will be joined by new country pavilions from Armenia, Azerbaijan, and Venezuela.

The co-located Gulfood Inspire conference will feature experts providing insights into supply chain digitalization, the transition to more circular systems, and funding opportunities.

Confirmed speakers for the event include Jacob Jensen, Denmark’s Minister for Food and Agriculture, and Gary Urteaga, founder of food technology investor Jenesiz Capital.

In addition, the popular Top Table live chef showcase will see over 100 chefs, such as Alain Passard and Joan Roca of El Celler de Can Roca, demonstrating global cuisines.

The YouthX Challenge will also make a return, nurturing the next generation of talent in the food industry.

Start your F&B Business in Dubai

As the much-anticipated Gulfood 2024 event unfolds in the bustling city of Dubai, presenting unparalleled opportunities for the global food and beverage industry, consider seizing this moment to launch your own food business in this dynamic market. To ensure a smooth and successful entry, partner with the experienced consultants at Smart Zones® UAE. Our dedicated team specializes in business setup services, offering comprehensive assistance to navigate the intricacies of establishing and running a business in Dubai.

From understanding and meeting regulatory requirements to crafting strategic business plans, Smart Zones® UAE is committed to providing you with the support and expertise needed for a seamless venture initiation. Take advantage of this exciting event and let us guide you towards realizing your culinary ambitions in the vibrant and lucrative Dubai food scene. Start your journey with Smart Zones® UAE, where success meets innovation in the heart of the F&B industry.

 

Publish: 04 Feb, 2024

Source: https://www.arabianbusiness.com/events/gulfood-2024-global-food-industry-experts-to-attend-annual-dubai-fb-event/

Dubai records an all-time high of 17.15 million overnight visitors in 2023

In 2023, Dubai Witnessed A Notable Influx Of International Overnight Visitors, Reaching A Total Of 17.15 Million, As Reported By Dubai’S Department Of Economy And Tourism (Det). This Figure Reflects A Substantial Year-On-Year Growth Of 19.4%, Surpassing The 2022 Arrivals Of 14.36 Million And Even Exceeding The Previous Record Of 16.73 Million In 2019.

This commendable growth aligns seamlessly with the objectives outlined in the Dubai Economic Agenda D33, launched just over a year ago by His Highness Sheikh Mohammed bin Rashid Al Maktoum. The Agenda aims to solidify Dubai’s standing as a premier global destination for both business and leisure, emphasizing its status as the optimal city to visit, live, and work in.

Dubai’s accomplishments in 2023 extend beyond tourism, with the city securing its position as the top global destination for the third consecutive year in the Tripadvisor Travellers’ Choice Awards 2024. This remarkable feat further underscores Dubai’s appeal and excellence as a destination.

These milestones are a testament to the diverse and vibrant offerings of the emirate, backed by world-class infrastructure, exceptional service standards, and a continuous collaboration between the government and private sectors. The robust performance of the tourism sector has contributed significantly to Dubai’s overall economic growth, with a 3.3% GDP increase in the first nine months of 2023.

Dubai’s hospitality sector has outperformed pre-pandemic levels across various metrics, including occupancy, occupied room nights, guests’ length of stay, average daily rate (ADR), and revenue per available room (RevPAR). The city’s commitment to excellence is evident in achieving an average occupancy rate of 77.4% in 2023, among the world’s highest, and surpassing the 2019 average despite a 19% increase in room supply.

In addition to its success in tourism, Dubai continues to receive recognition on the global stage across various sectors, including liveability, business, and culinary excellence. The city’s commitment to sustainability is demonstrated through initiatives such as the Dubai Sustainable Tourism Stamp, promoting adherence to sustainability requirements in the hospitality industry.

Furthermore, Dubai’s strategic positioning as an international events destination remains strong, hosting major business and leisure events throughout 2023. The city’s commitment to innovation is showcased in collaborations such as the partnership with Real Madrid and initiatives like the Dubai Master Plan for Public Beaches, reflecting a forward-thinking approach to urban development.

In conclusion, Dubai’s exceptional performance in 2023, marked by record-breaking tourism numbers, accolades, and sustained growth across sectors, reaffirms its position as a global hub for business, leisure, and innovation.

 

Publish: 08 Feb, 2024

Source: https://www.gdnonline.com/Details/1302742/Dubai-draws-record-1715m-overnight-visitors-in-2023

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11th World Government Summit (WGS) 2024 in Dubai: Focus on Future Work, AI, and Climate Action

The 11th World Government Summit (WGS), themed ‘Shaping Future Governments’ and scheduled from February 12-14 in Dubai, will center on upcoming opportunities and challenges while addressing current global concerns.

Anticipated participants include over 25 heads of state, 120 governmental delegations, 85 international and regional organizations, institutions, experts, and over 4,000 attendees, making it a three-day summit of significant global impact.

Confirmed speakers include President Recep Tayyip Erdoğan of Türkiye, Prime Minister Narendra Modi of the Republic of India, President Paul Kagame of Rwanda, President William Ruto of the Republic of Kenya, President Sadyr Japarov of the Kyrgyz Republic, as well as other distinguished leaders.

Insightful Reports

The summit is set to unveil approximately 25 strategic reports and the Global Ministers Survey, providing a platform for ministers to share their perspectives on critical global issues.

WGS will cover six main themes. The Arab Fiscal Forum on Day Zero will delve into macroeconomic developments, energy subsidiary reforms, and social safety nets, featuring a keynote address by Kristalina Georgieva, Managing Director of the International Monetary Fund.

Day One (Feb 12) will feature sessions on Future of Work and the Future of Mobility forums, along with a ministerial roundtable on climate action and a discussion on scientific discovery and applications by Nobel laureates.

Day Two (Feb 13) will host forums on geotechnology, AI, government experience, and services.

The final day (Feb 14) will focus on sustainable investments in emerging markets, including events like the Future of Space Forum, Global Health, and Education forums.

Global Recognitions

WGS will witness prestigious global awards, including the Best Minister in the World, Dubai International for Best Sustainable Development Practices, Creative Government Innovations Award, Global Award for the Best Government Applications, and Global Government Excellence Award.

Mohammed Abdullah Al Gergawi, Minister of Cabinet Affairs and Chairman of the World Governments Summit Organization, emphasized that the summit reflects the vision of UAE President Sheikh Mohamed bin Zayed Al Nahyan and the directives of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, in shaping the future and fostering positive change.

Publish: 7 Feb, 2024

Source: https://www.khaleejtimes.com/uae/future-of-work-ai-climate-action-agenda-for-wgs-2024-in-dubai-announced

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The World Government Summit convenes in Dubai – Smart Zones® UAE Business Consultants

The upcoming installment of the World Governments Summit (WGS), scheduled to take place in Dubai from February 12th to 14th, is poised to be a significant event, featuring a comprehensive agenda centered around the theme “Shaping Future Governments.”

The WGS is dedicated to shaping a more promising future for humanity and will spotlight six main themes across 15 global forums, exploring major global future trends and transformations through over 110 key dialogues and interactive sessions. With participation from over 200 global figures, including presidents, prime ministers, experts, thinkers, and influential individuals shaping the future, the event promises to be a gathering of prominent minds.

The 11th edition of the WGS will host more than 23 ministerial meetings and roundtables, bringing together over 300 ministers. Moreover, it will attract the attendance of over 85 international, regional, and intergovernmental organizations, along with 120 government delegations.

Distinguished attendees encompass business leaders such as Sam Altman, Chief Executive Officer of OpenAI; Guillaume Faury, Chief Executive Officer of Airbus; Jensen Huang, CEO of NVIDIA; Eric Schmidt, Co-founder of Schmidt Futures and former CEO and chairman of Google; Dr. Dario Gil, Senior Vice President and Director of Research of IBM; and Dr. Yann LeCun, Vice President and Chief AI Scientist at META, among others.

In a statement to the Emirates News Agency (WAM), Mohamed Yousef AlSharhan, Managing Director of the World Government Summit Organisation, emphasized the significance of the new edition, underscoring the importance of convening global leaders from the private sector to exchange solutions across various sectors, including artificial intelligence, economic and financial management, energy, climate change, education, and health.

The summit will host 15 global forums, organized in collaboration with international organizations, global technological institutions, and leading companies. These forums aim to innovate new solutions for the challenges facing human societies and will cover vital sectors such as Global Health, Government Services, Arab Government Administration, Knowledge Exchange, Future of Transportation, Public Finance for Arab Countries, Future of Education, Space Future, and Advanced Industry and Technology.

The WGS 2024 will continue its diverse dialogues through forums like the Artificial Intelligence Forum, the Future of Work Forum, the Emerging Economies Forum, the Governance of Geotechnology Forum, the Sustainable Development Goals Forum, as well as the Arab Meeting for Young Leaders and the ‘Time 100’ event.

The summit will facilitate purposeful global discussions focused on envisioning the shaping of future governments. It will bring together world leaders, global government officials, international organizations, thought leaders, and private sector leaders to enhance international cooperation, identify innovative solutions for future challenges, anticipate key opportunities, and inspire the next generation of governments.

Additionally, the summit will host high-level ministerial meetings, addressing topics such as sustainable development, the next generation of future governments, Arab finance, labor ministers from the Gulf Cooperation Council countries, and the future of hydrogen energy.

 

Publish Feb 06, 2024

Source: https://www.emirates247.com/uae/world-government-summit-hosts-15-global-forums-to-explore-major-future-transformations-2024-02-06-1.729326

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How Can Opening a Company in Dubai – UAE Help Me Save On Taxation?

If you run a company in US, you need to pay a corporate tax of 21%, whereas in the UK, it will be 19%, in Canada its’s 15% and Australia is 30%. Thinking how much tax you need to pay if you run a company in Dubai? The answer is – 0%. Yes, business owners in Dubai can enjoy zero percent tax, if their profit falls within AED 375,000. And if it exceeds, corporate tax of 9% will be applicable. Are you interested in opening your business in Dubai to enjoy 0% tax benefits? Then this article is for you, as we explore the various ways in which opening a company in Dubai can help individuals and businesses optimize their taxation benefits.

0% Tax on Personal Income & Capital Gains

One of the most appealing aspects of establishing a company in Dubai is the absence of personal income tax. This means that individuals who reside in Dubai and operate their business there are not subject to personal income tax on their earnings. As a result, entrepreneurs can retain a higher portion of their income, leading to substantial tax savings compared to jurisdictions with high personal income tax rates.

Corporate Tax Exemptions

Dubai offers several corporate tax exemptions, making it an attractive destination for businesses. The UAE government has implemented policies that provide tax advantages to companies operating in free zones, such as Jebel Ali Free Zone (JAFZA), Dubai Multi Commodities Centre (DMCC), and Dubai Airport Free Zone Authority (DAFZA). These free zones offer 100% foreign ownership, zero corporate tax for a specified period (generally up to 50 years), and no restrictions on capital repatriation. Businesses can take advantage of these exemptions to maximize their profits and reinvest in their growth.

Value Added Tax (VAT) Benefits

While Dubai implemented a Value Added Tax (VAT) system a few years ago, the tax rate of 5% is relatively low compared to other countries. Furthermore, certain sectors and industries are exempt from VAT, such as healthcare, education, and essential food items. By carefully structuring their business operations and considering applicable exemptions, companies can effectively manage and minimize their VAT obligations, resulting in potential savings.

Double Taxation Avoidance Agreements

The UAE has entered into Double Taxation Avoidance Agreements (DTAAs) with many countries worldwide, including major economies. These agreements aim to prevent individuals or companies from being taxed twice on the same income in both their home country and the UAE. DTAAs provide relief by allowing businesses to claim tax credits or exemptions, thus avoiding double taxation. This not only reduces the tax burden but also enhances the attractiveness of Dubai as a global business hub.

Easy Setup and Business-Friendly Environment

Dubai offers a streamlined and efficient process for setting up a company, enabling entrepreneurs to establish their business quickly. The government has implemented business-friendly policies, including simplified company registration procedures, flexible visa regulations, and modern infrastructure. These factors, combined with the absence of complex bureaucracy, facilitate a conducive environment for business growth and expansion.

Conclusion

By opening a company in Dubai, entrepreneurs and businesses can benefit from a range of tax advantages. Additionally, Dubai’s business-friendly environment, ease of setup, and strategic location further enhance the appeal of this global business hub. However, it is advisable to seek professional advice from tax consultants or business setup experts in Dubai from Smart Zones® UAE who can provide tailored guidance based on specific business requirements and individual circumstances.

The UAE secures the top global position in 20 indicators measuring future readiness

The UAE government achieved the top global ranking for its swift responsiveness to change, as per the inaugural edition of the Future Possibilities Index.

During the unveiling of the “Future Possibilities Index” (FPI) report – 2024 at the UAE pavilion in Davos, Newsweek Vantage International and the Swiss Horizon Group presented the results. This collaboration, initiated last year between the international institutions and the UAE government, focuses on assessing future possibilities driven by global transformations and countries’ readiness to harness them for development across key sectors.

The report highlights the UAE’s second global position, after Singapore, in the government vision index, surpassing both Britain and South Korea. Additionally, the UAE ranks second globally in government support for the entrepreneurial environment, outperforming Singapore, Switzerland, the United States, and Denmark. It secures the third global position in long-term future planning and future government strategy.

The FPI underscores the UAE’s first global standing in 20 indicators, including government responsiveness to change, formulation of future policies, and proactive government initiatives. Notably, the UAE also leads globally in various aspects such as attractiveness and stability of global talent, competitive working-age talent, future digital software developers, international tertiary education students, the size of the market, consumer spending potential, ICT connectivity, mobile broadband subscriptions and speed, and internet users.

The launch event at the UAE Pavilion during the World Economic Forum 2024 in Davos witnessed the presence of Ohood bint Khalfan Al Roumi, Minister of State for Government Development and the Future; Nigel Holloway, editorial director, Newsweek Vantage; Margareta Drzeniek, managing partner, Horizon Group; along with senior officials from the UAE government and international institutions across vital sectors worldwide.

The “Future Possibilities Index” assesses readiness enablers for future possibilities across 70 countries, with future possibilities for key sectors projected to exceed $44 trillion by 2030.

In the overall ranking for this year, the United Kingdom secured the top position, followed by Denmark, the United States, and the Netherlands. The UAE holds the 23rd global position and leads the Arab world in the overall FPI ranking, securing the first position globally in 20 indicators.

Minister Al Roumi emphasized the significance of emerging trends in creating new possibilities for countries and businesses, valued at more than $44 trillion by 2030.

Holloway highlighted the FPI’s focus on opportunities awaiting countries and companies in the coming years, providing a framework for analyzing long-term investment priorities essential for human and sustainable development globally.

Drzeniek described the Future Possibilities Index as a novel approach to assessing the growth and competitiveness of nations through the lens of six ongoing transformations and the opportunities they create.

The six transformation trends offer substantial economic possibilities, with a total value exceeding $44 trillion by 2030. These trends include the “Exabyte Economy: Tech Surge,” “Experience Economy: Beyond the Tangible,” “Wellbeing Economy: Nurturing a Healthier Future,” “Circular Economy: Closing the Loop on Sustainability,” “Net Zero Economy: The Pursuit of Sustainable Prosperity,” and “BioGrowth Economy: Nurturing Nature for Progress.”

The FPI measures countries’ ability to leverage emerging future transformations for growth, considering Government Strategy and Policy, Industry Strength, and Core Capacity. It utilizes indicators sourced from reputable institutions and a survey capturing the views of over 5,000 business executives in the covered countries on qualitative aspects of government policy and the potential ability to leverage trends.

 

Publish January 15, 2024

Source: https://www.khaleejtimes.com/business/economy/the-uae-ranks-first-globally-in-20-future-readiness-indicators

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+971 529604444 / +971 43614555

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