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LIBRARY OF CONGRESS ISSN 2833-0455

HIS HIGHNESS SHEIKH HIS HIGHNESS SHEIKH MOHAMMED MOHAMMED BIN RASHID AL MAKTOUM BIN RASHID AL MAKTOUM UAE VICE PRESIDENT, PRIME MINISTER AND RULER OF DUBAI

UAE Vice President, Prime Minister AndLIBRARY Ruler OF Of CONGRESS Dubai ISSN 2833-0455

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LIBRARY OF CONGRESS ISSNOF 2833-0455 LIBRARY CONGRESS ISSN 2833-0455

HIS HIGHNESS SHEIKH MOHAMMED BIN RASHID AL MAKTOUM UAE Vice President, Prime Minister And Ruler Of Dubai

Sheikh Mohammed Bin Rashid Al Maktoum

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“The word impossible is not in the Leaders' dictionaries. No matter how big the challenges, strong faith, determination, and resolve will overcome them.” “Dubai will never settle for anything less than first place.” “An easy life does not make men, nor does it build nations. Challenges make men, and it is these men who build Nations.” “Most people talk; we do things. They plan; we achieve. They hesitate; we move ahead. We are living proof that when human beings have the courage and commitment to transform a dream into reality, there is nothing that can stop them.” “Those who neglect the new will remain at the back of the line; those who wait for luck to make things happen will be disappointed.” “Time is limited and the dream is boundless; therefore I am always in a hurry.” Sheikh Mohammed Bin Rashid Al Maktoum

HIS HIGHNESS SHEIKH MOHAMMED BIN RASHID AL MAKTOUM

LIBRARY OF CONGRESS ISSN 2833-0455

His Highness Sheikh Mohammed Bin Rashid Al Maktoum is The Vice President And Prime Minister Of The United Arab Emirates And Ruler Of Dubai. In 2010 he launched the UAE Vision 2021 with the aim of making the UAE one of the best countries in the world. He is responsible for the growth of Dubai into a Global City. He is a true leader, and visionary. His quotes are presented below to inspire us to dream great dreams and have the courage to get up and take action. We thank his Royal Highness for his support, His Highness Sheikh Mohammed leadership, and wisdom.

Bin Rashid Al Maktoum Linda UAERestrepo Vice President, Prime Minister And Ruler Of Dubai

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UAE A PROMISING GLOBAL INVESTMENT HUB UAE BOASTS FIRST-CLASS INVESTMENT ENVIRONMENT AND INTEGRATED LOGISTICAL INFRASTRUCTURE. Dr. Tomasz Zaleski Chairman of the Royal Office UAE .

In 2020, it launched the UAE 50 Economic Plan in line with the UAE Centennial 2071 goals to boost national economy, increase the GDP, develop the local business environment, strengthen the position of UAE companies globally, and provide investors with access to markets across the world. Key economic sectors in the UAE are witnessing a steady growth in the flow of investments, and several national companies are entering into partnerships with foreign firms. The country seeks to attract further investments into promising sectors such as advanced technology, artificial intelligence, research and development, and digital economy, which stimulate innovation and improve the performance of the economy.

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UAE is One of the World’s Most Attractive Investment Hubs wherein the investment attractiveness of the UAE witnessed a steady increase over the past years. With its ability to attract substantial investments, the country enhanced its cumulative FDI inflows and became one of the most preferred investment destinations across the world. It was ranked the most attractive country for investments in West Asia, Middle East, and North Africa regions. Some of the key factors why the UAE stands out as a potential destination for investors is: Effective Government Strategies The UAE Government has ambitious strategic development objectives and realizes its vision through wise policies and initiatives that aim to drive the economy and foster happy societies. These development plans were accompanied by exceptional projects for more than half a century, even as it aspires for a more diversified, competitive and adaptable economy based on science and innovation.

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The UAE’s future endeavors are spearheaded by inclusive strategies toward achieving a digital and knowledge-based economy. Strategic Infrastructure and Location

The government has pumped investments and capital into major public transport and renewable energy projects that have become key pillars in the new economic milieu. The UAE has 10 major airports, 12 seaports, an unrivaled network of roads and bridges, and 6 national carriers connecting to over 200 cities worldwide. This enables 33% of the world’s population to reach the UAE within 4 hours, and 66% to access the country within 8 hours. Ease of Doing Business The UAE created a modern investment environment and set policies that facilitate and speed up the establishment of companies through electronic platforms, and promoted its attractiveness by issuing amendments to the Companies Law.

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These efforts resulted in maintaining an advanced position in the ‘Ease of Doing Business’ index, ranking 16th out of 190 countries in 2019. The country also ranked 1st in terms of business efficiency, 2nd in terms of government efficiency, and 7th on the economic performance index. The UAE is a Trustworthy Investment Hub The UAE has also joined the top 20 countries considered trustworthy, ranking 15th in Kearney’s 2021 Foreign Direct Investment Confidence Index. The review of business environment laws such as the Commercial Companies Law has resulted in boosting investor appetite in the UAE and making it one of the destinations of choice for international investors. Advanced Ratings by Global Agencies In 2020, the UAE achieved a rating of “AA-” from Fitch Ratings Inc., thanks to government support and a decrease in public debt.

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That same year – which is looked upon as being the most challenging globally – the UAE was also able to achieve a rating of “Aa2” with a stable outlook for the national economy from Moody’s Investors Service. Reflecting its robust sectors and economic stability, this is considered the highest sovereign ranking in the region. Efficient Government Services Government entities provide investors and entrepreneurs with smart, easy and interactive government services which can be availed at any time and from anywhere through their smartphones. The digital transformation that began more than a decade ago at the government level has been extremely successful and this is reflected in the investors’ satisfaction and the ease of establishing businesses. This digital transformation journey qualified the UAE government to rank 1st in the Arab world and 8th globally, in the Smart Services Index.

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An Impartial Legal and Judicial System The UAE prohibits monopolization and fosters competitiveness through an advanced system of modern and effective laws and legislations that ensure a safe investment environment, where regulations that enhance economic stability are implemented.

Moreover, it ensures fair market competition and impartiality to all parties, be it investors, inventors, authors, innovators, owners of intellectual property rights, trademarks or agencies. The UAE also maintains a fair judicial system that guarantees rights and the rule of law.

A Regional Hub for Global Companies DETERRENCE

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The UAE hosts the largest number of regional headquarters in the Middle East, and is constantly looked upon as an ideal country for engaging in commercial and investment activities. The nation’s advanced infrastructure, cuttingedge communications, and

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government support make it a fitting environment for international companies to manage their regional offices from the UAE. The country has long constituted an ideal window from which global corporations can oversee their business activities.

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An Open, Multi-Cultural The UAE’s future endeavors are UAE is One of the World’s Most spearheaded by inclusive Attractive Investment Hubs Society strategies toward achieving a wherein the investment DETERRENCE

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attractiveness of the UAE witnessed a steady increase over the past years. With its ability to attract substantial investments, the country enhanced its cumulative FDI inflows and became one of the most preferred investment destinations across the world. It was ranked the most attractive country for investments in West Asia, Middle East and North Africa regions. Some of the key factors why UAE stands out as a potential destination for investors is: Effective Government Strategies

The UAE Government has ambitious strategic development objectives and realizes its vision through wise policies and initiatives that aim to drive the economy and foster happy A safe place to reside and conduct societies. These development business and a by preferred plans wereactivities accompanied tourist destination, UAE than exceptional projects the for more embodies tolerance, half a century, even asmutual it aspires respect, multi-culturalism, and for a more diversified, competitive diversity. Theeconomy country firmly and adaptable based on embraces freedom of belief and science and innovation.

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digital and knowledge-based economy.

Strategic Infrastructure and Location The government has pumped investments and capital into major public transport and renewable energy projects that have become key pillars in the new economic milieu. The UAE has 10 major airports, 12 seaports, an unrivaled network of roads and bridges, and 6 national carriers connecting to over 200 cities worldwide. This enables 33% of the world’s population to reach the UAE within 4 hours, and 66% to access the country within 8 hours. Ease of Doing Business religion, hosting close to 200 The UAE created a modern nationalities and ensuring the investment environment and set wellbeing of all its residents by policies that facilitate and speed up providing exceptional healthcare the establishment of companies services, and an educational through electronic platforms, and system that caters to various promoted its attractiveness by academic curricula. issuing amendments to the Companies Law.

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A Global Hub for Start-Ups The UAE has emerged as a prominent hub for start-ups. The government supports innovative entrepreneurship and offers business accelerators, financing services, and sponsorship programs to entrepreneurs from around the world. The Small and Medium Enterprise (SME) sector in the UAE is witnessing notable development and growth, and various small companies established here have evolved into remarkably successful businesses within a short span of time, many of which have also been acquired through multi-billion-dirham deals. Talent and Skilled Labour Incubator The UAE has skilled, multicultural and diverse talents and workforce. Arabic and English are the main languages at work, and the UAE looks forward to becoming the first incubator for highly skilled professionals and talented

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workforces across all dynamic economic sectors. While UAE is poised to become the world’s best country in all aspects as part of the centennial 2071 plan some of the basic facts about UAE are: Population ≈ 9.8 million people in 2021 Area 71,023.6 km² Location The UAE overlooks the Arabian Gulf and borders the Kingdom of Saudi Arabia to the South and West and the Sultanate of Oman to the Southeast. Time The UAE time is 4 hours ahead of GMT. Currency The Emirati Dirham is the official national currency. The US dollar is exchanged for the UAE Dirham at a rate of 3.67, and credit cards are widely accepted. Climate The UAE has a warm and sunny weather most of the year, recording an ideal temperature from October to May.

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Official Language Arabic is the official language and English is widely spoken in public, markets and restaurants. 200 Nationalities The UAE hosts large foreign communities and all residents enjoy freedom of civil rights and practice of religion. Security and Safety The UAE was ranked the third safest country in the world in 2020, offering residents and visitors highest levels of safety.

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organizations, Health care Facilities, Therapeutics & Devices, Renewable Power Generation / Water supply, E-healthcare / E-pharma, Cyber-security, Artificial Intelligence, subscription-based products / digital content, Fintech, E-commerce platforms, Artificial reality / virtual reality, Blockchain, Renewable Energy, Carboncapture technology, 5G infrastructure, Smart buildings, 3D printing, Robotics, Consumer Some of the Promising Sectors for companies, IoT and sensors, Sustainable transport, Investments in the Future are: Sustainability in food consumption and Edtech. Healthcare, Agritech, Retail & E-Commerce, Education, Smart Strategies for a Future-Based Cities and Autonomous, Economy Entertainment Streaming & Gaming, Manufacturing, ICT UAE Centennial 2071 sector, Space, Logistics, Fintech, Tourism and Renewable Energy. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched ‘UAE Centennial 2071’ in 2017 as a roadmap to make the UAE the best Agritech, Transport infrastructure, country in the world, by the year Senior Housing & Care 2071, when celebrating the Centennial of its establishment. And Some Unique Opportunities for Promising Foreign Investments Sectors are:

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The Centennial is based on four key pillars: future-focused government, excellent education, diversified knowledge-based economy and a happy and cohesive society. Under the axis ‘the best economy in the world’, the UAE aims to become a global hub for attracting the best minds, ideas and talent, together with offering the best business opportunities, a stable environment and an advanced infrastructure. Steadily increasing investments in artificial intelligence, biotechnology, nanotechnology, cognitive sciences and multi-dimensional cumulative manufacturing continues to strengthen the UAE’s position as a global leader in various sectors. The Fifty Economic Plan – Roadmap to the Future The Ministry of Economy launched the Fifty Economic Plan for building a future-focused economy in the UAE in December 2019.

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As part of the ‘Towards the Next 50’ strategy, this serves as a roadmap for economic undertakings during the coming decades. The strategy includes five key pillars: integrated economy, entrepreneurship and SMEs, tourism, foreign direct investment and exports, and attracting and retaining talent. The plan aims to achieve a quantum leap in the national economy by the year 2030 and support GDP growth by creating a flourishing local business environment and enabling UAE companies to excel and lead worldwide. The pillars of this future-focused economy include sectors such as space technologies and digital entertainment, alongside opening new markets and establishing a progressive legislative landscape that serves economic aspirations. Simultaneously, the Ministry is facilitating greater ease of doing business, supporting family businesses, and protecting and incentivizing investment.

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The Emirates Blockchain Strategy The Emirates Blockchain Strategy was launched in 2018, with the objective of harnessing, utilising and capitalising on advanced technologies to the benefit of society. Further, the efficiency of government performance is being enhanced by transferring all UAE government transactions to blockchain platforms. The strategy is based on four key themes: the happiness of citizens and residents, improved government efficiency, advanced legislations that qualitatively transform federal government operations, and the UAE’s international leadership in the field of information security and transfer. This will build the capabilities of individuals, institutions and government leaders, save time, effort and resources and qualify the UAE to emerge as one of the most globally advanced nations ready to embrace transformation.

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The UAE’s Green Growth Strategy

UAE Strategy for the Fourth Industrial Revolution

The UAE’s Green Growth Strategy aims to achieve sustainability in economic, social and environmental sectors, as opposed to relying on oil resources. The UAE seeks to become a global leader in green economy, a center for the export and re-export of green products and technologies, and to create a sustainable environment that endorses long-term economic growth. The strategy encompasses a set of programmes and policies spanning the fields of energy, agriculture, investment and sustainable transport, coupled with new environmental and urban policies that strive to improve the country’s quality of life. This strategy consists of 6 key streams: green energy, government policies promoting investment in a green economy, green cities, dealing with the effects of climate change, green lives, and green technologies.

The UAE Strategy for the Fourth Industrial Revolution aims to strengthen the country’s position as a global hub for the next industrial revolution and contribute to a competitive national economy that is based on futuristic applications that merge material, digital and biological technologies. This is in addition to harnessing technologies and tools to serve community members and achieve public happiness. The key pillars of this strategy include the adoption of various plans and of genomic medicine and medical genomic tourism, and strengthening economic security by embracing a digital economy. The strategy also involves developing advanced technologies, from artificial intelligence and nanotechnology to the internet-of-things and 3D printing, to support economic growth.

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UAE Circular Economy Policy The Circular Economy Policy provides direction towards the sustainable management of the economy, and optimal and efficient use of natural and environmental resources through the adoption of the best methods and technologies of sustainable consumption and production. This is to ensure a high-quality lifestyle for current and future generations, improve the efficient consumption of natural resources, and minimise wastage. The policy also aims to boost environmental health and encourage the private sector to adopt cleaner industrial production techniques and technologies, together with realising the UAE vision of becoming a leader in green development. The most important outcomes of the policy include generating considerable economic proceeds for the country, mitigating environmental pressures, ensuring the supply of raw

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materials, increasing competitiveness, promoting innovation, strengthening economic growth and creating job opportunities. National Program for Artificial Intelligence 2031 The UAE is one of the most prepared nations to tackle technological change, especially in light of its extensive efforts for providing a future-centric and highly advanced infrastructure that is capable of improving the quality of life for individuals and communities. In line with the objectives of the UAE Centennial 2071, this strategy is considered the first of its kind on a global level, and consists of eight strategic objectives, five themes and a set of initiatives targeting the utilisation of artificial intelligence in developing the country’s vital sectors such as education and the economy. It also aims to improve government performance, achieve social (Continued on page 36)

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H.H. SHEIKH AHMED BIN FAISAL AL-QASSIMI

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H.H. Sheikh Ahmed Bin Faisal Al-Qassimi as member of the Royal family of Sharjah & Ras Al Khaimah from the United Arab Emirates, one of the most prominent Royal Families in the UAE. After graduating from the Royal Military Sadhurst College in the United Kingdom in 2003, he – being a big fan of sports and football in particular – supported the Youth in sports. In 2012 he joined his brother H.H. Sheikh Mohammed Bin Faisal Al Qassimi in the real estate business acquiring hotels in the United Kingdom and the United States. He received his first international award when he was selected as “Young Global Leader in 2008” by the World Economic Forum. In April 2010, He was awarded the prestigious young CEO of the year by Former French Prime Minister Dominique De Villepin. It is under his patronage and guidance that the Private Office is destined to lead future investments to the next level and beyond.

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happiness, create a new and promising regional market that is of high economic value, support private sector initiatives, and boost productivity. Targeted sectors include transport, health, space, renewable energy, water, technology, education, environment and traffic. UAE Energy Strategy 2050 The UAE launched its ‘Energy Strategy 2050’ in 2017, and the country’s unified energy plan balances production and consumption with global environmental commitments. The strategy fosters an attractive and conducive economic environment that catalyses the growth of all sectors and aims to increase the efficiency of individual and corporate energy consumption by 40%. It also seeks to increase the share of clean energy in the total energy mix from 25% to 50%, saving the equivalent of AED 700 billion by the year 2050.

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The UAE is scheduled to invest AED 600 billion until 2050 in order to meet growing energy demands and fulfil sustainable growth of the economy. According to the strategy, the energy mix is set to be as follows: 44% from clean energy, 38% from gas, 12% from clean coal and 6% from nuclear energy.

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With these strategies for the future based economy and with a time bound implementation plan UAE is determined to reach a world class investor friendly country in the near future and we look forward to more and more people to come and experience this beautiful country. Dr. Tomasz Zaleski Chairman of the Royal Office UAE

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His Excellency Tomasz Zaleski is a member of parliament, and Chairman of the Royal Office owned by His Royal Highness Sheikh Ahmed Bin Faisal Al Qassimi member of the Ruling Family of Sharjah (UAE)

Linda Restrepo is Director of Education and Innovation Human Health Education and Research Foundation. She is a recognized Women in Technology Leader Cybersecurity and Artificial Intelligence. Restrepo's expertise also includes Exponential Technologies, Computer Algorithms, Research; Global Economic Impacts Research. Restrepo is President of a global government and military defense multidisciplinary research and strategic development firm. She has directed Corporate Technology Commercialization through the US National Laboratories. Emerging Infectious Diseases, Restrepo is also the Chief Executive Officer of Professional Global Outreach. Restrepo has advanced degrees from The University of Texas and New Mexico State University.

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TECHNOLOGY IN THE MAKING DISCLAIMER: This Magazine is designed to provide information, entertainment and motivation to our readers. It does not render any type of political, cybersecurity, computer programming, defense strategy, ethical, legal or any other type of professional advice. It is not intended to, neither should it be construed as a comprehensive evaluation of any topic. The content of this Presentation is the sole expression and opinion of the authors. No warranties or guarantees are expressed or implied by the authors or the Editor. Neither the authors nor the Editor are liable for any physical, psychological, emotional, financial, or commercial damages, including, but not limited to, special, incidental, consequential or other damages. You are responsible for your own choices, actions, and results

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