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Dubai rulers vision for Dubai as a Knowledge Industry Leader

by Mark Pine  |  8 years, 11 month(s) ago

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Dubai rulers vision for Dubai as a Knowledge Industry Leader.
Dubai has a full support from its forward looking ruler who has charted an ambitious strategy to develop Dubai into a global hub for knowledge economy industries, by the year 2010. The non-oil economy has been predicted to contribute 96 per cent of GDP, out of which 25 per cent will be contributed by the knowledge economy whilst the service sector will represent 70 per cent.

Dubai’s economic development is being directed towards three growth horizons - strengthening existing expertise in trading and logistics, applying established competencies to develop financial, media and telecom/IT sectors, and developing new competencies in high-value sectors that can make a big impact on knowledge economy development.

These include R&D, education, and emerging sectors like pharmaceuticals, biotechnology, nanotech and wireless.

 Tags: Dubai, Industry, knowledge, leader, Rulers, Vision

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