In a significant achievement, the United Arab Emirates (UAE) has claimed the top spot in the Arab region in the Frontier Technologies Readiness Index, as reported in the latest Technology and Innovation Report issued by the United Nations Conference on Trade and Development (UNCTAD). His Excellency, Engineer Majed Sultan Al Mesmar, has expressed his pride in this remarkable accomplishment, highlighting the UAE's leading and pioneering position on the global stage.
The Frontier Technologies Readiness Index, a key component of UNCTAD's Technology and Innovation Report, assesses countries' readiness to embrace and harness frontier technologies, such as artificial intelligence, blockchain, and renewable energy, among others. The index considers factors like technological infrastructure, innovation capacity, and policy frameworks.
Engineer Majed Sultan Al Mesmar, in his statement, underscored the significance of this achievement, stating that it reflects the UAE's commitment to innovation and technology-driven progress. He praised the relentless efforts of the nation in fostering an environment conducive to technological advancements, research and development.
The UAE's top ranking in the Arab region underscores its dedication to becoming a global technology hub, attracting talent and investments from around the world. This accomplishment solidifies the nation's position as a leader in the adoption and utilization of frontier technologies for economic growth and sustainable development.