Dubai: Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai, has launched the Dubai Innovation Hub initiative to enhance cooperation with leading international companies.

The initiative has been taken to promote and develop innovative ideas and solutions in Dubai in line with the vision of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, in making Dubai the most innovative city in the world.

Shaikh Hamdan asserted that the new initiative is part of an array of foreseen initiatives set under the umbrella of the previously launched Dubai Strategy for Innovation that ultimately aims to position Dubai as a hub for innovation and creativity for over two billion people around the globe.

Shaikh Hamdan said: “We are optimistic that we will achieve this objective, and we will keep streaming the project with a number of new programmes and initiatives that will stimulate Dubai’s innovation energy and assure its excellence in various sectors”.

He added that the new initiative reflects Dubai’s belief in strategic partnership and cooperation with global industry pioneers, affirming that the directives of Shaikh Mohammad encourages collaboration between public and private sectors.

The Dubai Strategy for Innovation generally aims to make Dubai the most innovative and creative city in the world through introducing 10 major pillars supported by a number of initiatives that will expand cooperation between the public and private sectors, education sector, entrepreneurship and global networks in addition to Dubai’s citizens, residents and visitors.

Dubai’s 10 major innovation pillars includes inspiring leadership with innovative vision, innovative and integrated government, proactive private sector, qualified and informed citizens, an environment that promotes creativity and teamwork, innovation is a public responsibility, positive energy that can overcome challenges, risk assessment and management, resources management and international network.