Firms still need to improve long-term innovation strategies, Al Ghurair says
DUBAI: Dubai has become more innovative over the past year, according to analysis by Dubai Chamber of Commerce and Industry.
Chamber chairman Majid Saif Al Ghurair told delegates at the Innovation Live summit that the emirate had moved up to 15th position in its Innovation Index, which measures key indicators in 22 innovative cities around the world.
“This can partly be attributed to the significant increase in funding and investment in innovation-focused initiatives, and in closer collaboration between the public and the private sector,” he said during his opening address to the summit at Jumeirah Beach Hotel on Monday.
“We see that the local business community has realised the importance of innovation and is now actively working to improve research and development capacities and adopt new technology.
“However our study also found that there is still a need for businesses to adopt long-term innovation strategies as...Read more...