ABU DHABI, 24th October / WAM / The Ministry of Industry and Advanced Technology, in cooperation with the Ministry of Foreign Affairs and International Cooperation, and in coordination with the UAE Embassy in the Republic of South Korea, organized a “virtual tour for a number of small, medium and emerging companies, academic and research bodies in Korea, over two days and in the presence of dozens of Specialists in the science and healthcare technology sectors, to inform them of the most prominent investment opportunities offered by the UAE, the details of the UAE investment system and the incentives and benefits available to innovators and entrepreneurs.
The virtual event was inaugurated by His Excellency Omar Saif Ghobash, Assistant Minister of Foreign Affairs and International Cooperation for Cultural and Public Diplomacy, in the presence of His Excellency Abdullah Saif Al Nuaimi, UAE Ambassador to the Republic of South Korea, and a number of investors from the two countries, where Ghobash presented an overview of the health care sector in the country. The UAE and the promising investment opportunities available in it.
The tour, which is being held for the first time in the field of medical technology, focused on investment opportunities in the UAE, and provided information on the UAE investment system and the huge incentives and opportunities offered by the country, in line with the national strategy for industry and advanced technology “the 300 billion project”.
The tour included a number of sessions that were held over two days with the aim of shedding light on the investment attractiveness of the UAE and reviewing the steps taken by the UAE and Korea in science, technology and health care.
The activities of the first day witnessed dialogue sessions, the first dealt with the objectives of the national strategy for industry and advanced technology “the 300 billion project” and the competitive advantages of the UAE economy and the financing and enabling role of the Emirates Development Bank, while the second session dealt with an overview of the investment business environment in the country, while the third and fourth sessions focused The fifth was on the business environment of the science and technology sector in the UAE, followed by a session devoted to discussing the future of technology uses in the health sector.
As for the activities of the second day, in its opening session, it dealt with the importance of the academic sector in the growth of the science and technology environment in the two countries, as well as the impact of the Covid-19 pandemic on the progress of research and development efforts, while the first session focused on the role of investment and international partnerships within the “300 billion project”. Then, the reality of the research and development sector in the UAE was reviewed during the second session. The third session was a dialogue session attended by stakeholders from both countries in the field of healthcare based on advanced technology, followed by a fifth session that focused on the role of academia in developing the industry.
His Excellency Omar Saif Ghobash, Assistant Minister of Foreign Affairs and International Cooperation for Cultural Affairs and Public Diplomacy, stressed that the development of an advanced health care system is critical to the UAE and one of the main pillars of our national agenda, as the sector has witnessed rapid expansion, adding that the UAE continues to search for medical technology solutions according to the best Global practices and standards, especially those that include telemedicine solutions, digitization of medical records, connected medical devices, data privacy protection, laboratory technology, Internet of things in the medical sector, 3D printing, etc., which reflects many significant investment opportunities in the field medical technology sector.
His Excellency considered that the Republic of Korea is a leading knowledge economy, and is investing seriously in advanced research and development in the technology of the Fourth Industrial Revolution, so we hope that this virtual tour will allow forging new partnerships, enabling knowledge transfer and developing the science and technology sectors in the two countries.
For his part, His Excellency Abdullah Saif Al Nuaimi, UAE Ambassador to the Republic of Korea, stressed during his speech that the rapidly developing industrial system in the UAE provides many opportunities for investors, Korean businessmen and other stakeholders.
His Excellency said that the UAE industrial sector is led by an ambitious and comprehensive strategy, which is the “300 billion project” launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in March 2021. This strategy focuses on the industries of the future that It is based on advanced technology and the applications of the Fourth Industrial Revolution.
Al-Naimi added: “The Republic of South Korea is one of the leading countries in the scientific and technological sector and has achieved remarkable achievements in promoting the uses of the Fourth Industrial Revolution. The leaderships of the two countries have attached great importance to bilateral cooperation in the scientific and technical fields, and these topics have topped the agenda of mutual visits during the past few years, The two countries also concluded many cooperation agreements in several fields, including cooperation in the scientific and technical fields.
Mohammed Al Qassim, Director of the Department of Adoption and Development of Advanced Technology at the Ministry of Industry and Advanced Technology, stressed that the virtual tour is one of the most important interactive initiatives between the Emirati and Korean sides, and comes in the context of scientific cooperation between the two countries, especially in the advanced technology sector, and the development of bilateral relations in various fields. Most notably the technology and information technology sector and small and medium enterprises.
He said that this meeting bears special importance in highlighting the advantages and incentives that investors obtain, and that it also provided a platform for stakeholders and stakeholders from both sides for direct communication, interaction and information exchange, which we hope will achieve through fruitful cooperation that enhances investment attractiveness, and achieves actual opportunities. On both sides, it will also achieve joint cooperation in transferring advanced scientific, academic and research expertise and capabilities on both sides, with adequate offers from government agencies and national companies.
The sessions of the first day included highlighting the importance of the uses of advanced technology in the fields of health care, which witnessed a review of the business environment for the health sector in the country, the existing opportunities in it and its future directions in light of the UAE’s pioneering projects towards a knowledge economy and considering the health sector as one of the priority sectors at the national level. , as well as at the level of the national strategy for industry and advanced technology.
A group of major national companies participated in the discussions on the role of advanced technology in health care, led by the “G42” healthcare company, a subsidiary of the UAE “G42” group specialized in artificial intelligence and cloud computing, and “Mubadala Healthcare,” the integrated healthcare network. Affiliated with Mubadala Investment and Abu Dhabi Investment Office.
Presentations and dialogues included an integrated presentation on the advanced technology system in the UAE, presented by Tariq Al Hashemi, Head of the Technology Adoption Department at the Ministry of Industry and Advanced Technology. In the industrial sector in the Emirates with the aim of creating a knowledge-based economy capable of keeping pace with growth, progress and prosperity.
Abdullah Al-Mahri, Director of Partnerships and Investment Department at the Ministry of Industry and Advanced Technology, gave an overview of the 300 billion project in the UAE, Hassan Al Sayegh, Director of Small and Medium Enterprises Development at the Ministry of Economy, and Hind Al Yoha, Director of the Investment and Talent Attraction Department at the Ministry of Economy, gave an overview of the investment system in the UAE .
The Abu Dhabi Investment Office also provided an overview of the business environment and investment opportunities in Abu Dhabi, especially in the fields of industry, science and advanced technology, while the Dubai Health Authority, Dubai Future Foundation and Dubai Science Park reviewed the progress in science, research, development and entrepreneurship in Dubai, while the Sharjah Center presented Entrepreneurship Sheraa and the Sharjah Research, Technology and Innovation Park offer a view of the reality of investment and the great opportunities offered by the business environment in the emirate.
As for the activities of the second day, the discussion focused on the importance of the academic sector in the growth of the science and technology environment in the two countries and its role in providing the necessary infrastructure for the development of science, research and advanced industries, especially future industries that rely heavily on research and development.
The second day also included a presentation of the research and development system in the UAE, and the role of the academic sector in the process. The Ministry of Health and Community Protection, New York University Abu Dhabi, Dubai Future Foundation, Sharjah Research, Technology and Innovation Complex, Ministry of Economy and Mohammed bin Zaid University for Artificial Intelligence reviewed the general environment of the academic sector in the country and the tremendous development it has witnessed recently, especially in terms of adopting international best practices. And make advanced technology and its applications an essential part of educational programs.