Dh 5.6 Billion for Food and Water Research Gets The Approval of Sheikh Mohamed
On Monday (25th March), the UAE renewed its commitment to deal with burning issues of water scarcity and food security with major fund allotment and new partnership.
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in a tweet on Monday stated that on 25th March, the UAE permitted Dh5.6 billion to back research and development into the global threat of water scarcity & food security over the next five years. He added that they have guided the executive committee to form global partnerships that look for novel solutions in these crucial areas.
The UAE is using all resources to find sustainable and modern solutions through Ghadan 21 – a Dh50 billion stimulus programme that kicked off from last year. In a step forward in Ghadan 21 R&D drive, the executive committee of the Abu Dhabi Executive Council on Monday signed a three-year partnership with XPrize Foundation to start a series of XPrize Abu Dhabi competition that would connect talented minds from the UAE and around the globe to form solutions for world’s biggest threat.
Sara Awad Issa Musallam, chairperson of the Department of Education and Knowledge and a member of the Executive Council, stated that Abu Dhabi government has pledged Dh300 million over the next three years to start 2-3 prizes every year.
She stated that XPrize Abu Dhabi competition is the biggest partnership between a government and XPrize Foundation.
Peter Diamandis, founder and executive chairman of XPrize competition, which has been developed by a group of philanthropists, entrepreneurs and others, has awarded over $140 million over the past twenty years for noble ideas that can make significant change in the world. Diamandis stated that the partnership isn’t just a preference for Abu Dhabi but for the world.
For the event, His Highness Sheikh Khalid bin Mohamed bin Zayed, chairman of the executive committee and member of the Abu Dhabi Executive Council was also present.