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Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and Klaus Schwab, Executive Chairman on the World Economic Forum. Meetings of the Global Future Councils of the World Economic Forum open on Saturday. Image Credit: WAM

Dubai: The UAE has become a global hub for the future industry and an established platform to forecast upcoming challenges in a world where the Fourth Industrial Revolution technologies are opening new horizons, said His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

Shaikh Mohammad’s remarks came ahead of the second Annual Meetings of the Global Future Councils (AMGFC), which kick off on Saturday in Dubai in partnership between the UAE Government and the World Economic Forum (WEF) – Davos.

The two-day event will see participation of over 700 scholars and future experts from 75 countries. Attendees will convene in 35 councils, each of which addresses key issues in a vital strategic sector, and work to propose practical solutions for the challenges that are likely to arise.

Shaikh Mohammad said that forecasting the future has proved pivotal for government successful government work and empowering citizens, and it is no longer study material in research centres and academic institutions.

The second edition of the Future Councils gathers a high-profile group of researchers and experts in future-centric sciences to look into the future of 35 strategic sectors.

These include the Fourth Industrial Revolution, artificial intelligence, robotics, biotechnology, energy, water, technology, transport, space travel, health, and high-tech education, among others.

Building on the UAE’s status as a global hub for the future industry, the event provides a platform for attendees to exchange knowledge, expertise, best practices and success stories in order to develop proactive solutions to the challenges in the near, medium and long term.

The councils’ outcomes are the valuable raw material that governments around the region and the world can use in developing their strategies and programmes for the future.