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Dubai Ranks #1 In Innovation In The Arab World
According to the latest innovation index issued by PWC, Dubai has ranked number 1 in the Arab world in innovation and has maintained its 20th position globally. This means that Dubai has raced ahead of major cities like Madrid, Shanghai and Milan. The skyscraper-studded city scored impressive numbers in categories such as agile government, infrastructure, funding, business environment and society.
The report also noted the city’s outstanding management of the post-pandemic phase and high growth in major sectors.
Singapore and Hong Kong maintained their first and second places on the Index respectively, with Stockholm climbing three places to replace London in the third position, with the UK capital dropping five places to 8th position this year.
Key takeaways from this year’s Index are that digitalisation underpins the transformation and success of the most innovative cities; governments in top innovative cities do more to promote innovation than just set policies, oversee regulations and provide incentives.
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AED 696 Million Trade Centre Transformation Project To Feature 5 New Bridges#Dubai is No. 1 in the Arab world in innovation. The city has maintained its 20th position globally in the latest Innovation Index. pic.twitter.com/Q13UnmMAF9
— Dubai Media Office (@DXBMediaOffice) November 24, 2021
Known as the city of innovation, the emirate fosters a nurturing ecosystem for innovation and future-focused business models
Dubai’s progressive government agenda enables the city to become an experimental testbed for concepts such as Hyperloop technologies and even flying cars in a live setting.
Some homegrown innovations that you may be familiar with are, self-service kiosks, 3D printing, crime mapping, blockchain, artificial intelligence and more.
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