The UAE Government, in collaboration with the World Economic Forum (WEF), on Sunday opened the Centre for Fourth Industrial Revolution in the UAE. The centre would be in Dubai’s Emirates Towers and it’s going to be the first of its kind in the region and the fifth globally.
In accordance with the quick global changes and developments of the Fourth Industrial Revolution, the centre intends to prepare plans, policies and develop solutions to the most pressing problem in the region and also around the world. Additionally, it works towards establishing mechanisms, applications and uses for the Fourth Industrial Revolution in the UAE.
Mohammad Abdullah Al Gergawi, Minister of Cabinet Affairs and the Future, stated that the inauguration of the centre for the Fourth Industrial Revolution mirrors the vision of His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
Al Gergawi also emphasized that the UAE is continually developing new business models that require technology and the end result of the Fourth Industrial Revolution, to join global endeavours for shaping a better future.
Borge Brende, President of WEF, stated that in the Fourth Industrial Revolution, nations and businesses need to move quickly or risk themselves of being left behind. Upcoming technologies such as artificial intelligence (AI) and blockchain have the power to profit everyone, but they must be shaped tactically to expand the benefits and reduce the risks.
Omar Sultan Al Olama, Minister of State for Artificial Intelligence and Deputy Managing Director of the Dubai Future Foundation; Khalfan Belhoul, CEO of the Dubai Future Foundation; Dr Aisha Bint Butti Bin Bishr, Director General of Smart Dubai; along with some senior representatives from the local government and the World Economic Forum were present for the opening of the centre.
The Centre for Fourth Industrial Revolution in the UAE is considered the fifth of its kind in the world after the United States, Japan, India and China, comes as part of the strategic partnership between the UAE government and the World Economic Forum.