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LAW UPDATE SPECIAL EDITION ISSUE 338 I A PUBLICATION BY AL TAMIMI & COMPANY
SPECIAL EDITION
UAE CENTENNIAL 2071
INSPIRING THE NEXT 50 YEARS:
A FUTURE WITH NO BOUNDARIES
4 Special Feature
FOREWORD
Welcome to this special edition of Law Update that Looking at the implications of the pandemic on
focuses on the UAE’s Centennial 2071 plan. education and what the future might look like,
Dr Abdulla Al Karam, Director General of the
This year is very much a year of reflection; a time Knowledge and Human Development Authority,
to reflect on what the UAE has achieved since its believes the online learning programmes
inception 50 years ago, and a time to reflect on the implemented by most schools at the outset of
UAE’s vision for the next 50 years. the pandemic were swift, made the necessary
adjustments and minimised interruption to
In this issue we look back, with pride, at what this education (page 15).
country has achieved in its young life, and look
forward, with optimism, to continue pursuing Hassan Al Hashemi, Vice President of International
the vision of the UAE’s founding fathers and Relations, Dubai Chamber of Commerce and
UAE Centennial 2071. Launched by H.H. Sheikh Industry, offers insights into his vision of how Dubai
Mohammed bin Rashid Al Maktoum, Vice President and the UAE can continue to grow as an attractive
and Prime Minister of the UAE and Ruler of Dubai financial hub. Mr Hassan also reflects on the
and H.H. Sheikh Mohammed bin Zayed Al Nahyan, importance of supporting the entrepreneurial spirit
Crown Prince of Abu Dhabi and Deputy Supreme of women, their role in education and the workplace
Commander of the Armed Forces, UAE Centennial (page 19).
2071 features four distinct pillars: a future focused
government; offering excellent education; creating Khalfan Belhoul, CEO of Dubai Future Foundation
a diversified knowledge economy; and a happy and gives his views on the Foundation’s contribution
cohesive society. These pillars will ensure continued to the UAE Centennial 2071 plan (page 23). The
investment in the country’s future generations, and Foundation’s name speaks for itself!
will prepare and provide them with the necessary
skills to adapt to the rapidly changing times. Paddy Padmanathan, President and CEO of ACWA
Furthermore, the Plan will ensure the UAE preserves Power, discusses how ACWA Power is supporting
its place on the global stage as a forward thinking, the UAE in its journey towards sustainability, as
innovative and creative hub. well as pioneering the development and cost
reduction of renewable power generation and water
As we prepare to celebrate the anniversary of desalination projects (page 29).
the UAE, we are also honoured to celebrate the
30th anniversary of Al Tamimi & Company’s Law Dr Raja Easa Al Gurg, Vice Chairperson and
Update, a leading publication since its inception. Managing Director of Al Gurg Group writes how
The magazine has, and continues to, document, they continue to evolve and adapt against the ever-
comment on and offer insights into the country’s changing backdrop of Dubai (page 35).
and region’s legal landscape.
We also hear from Sultan Ahmed bin Sulayem,
My partners, colleagues and I would like to extend Group Chairman and CEO of DP World, who gives
our deepest gratitude to our clients, friends and us valuable insights into the world of transport and
government authorities that have supported us logistics and shares his thoughts on what to expect
on this journey. With their support we have made in the future (page 39).
a mark as legal pioneers across the Middle East &
North Africa ('MENA') region, whilst supporting the In addition, we cover a number of topics that
ideals and vision of our esteemed leaders. have left an indelible footprint on the UAE’s legal
landscape and which are worthy of note.
A key feature of this special edition are the interviews
we conducted with a number of industry leaders, Our teams across the UAE touch on a wide variety
who highlight the outstanding attributes across all of topics including: the recently established State
areas of the UAE Centennial 2071 plan. Their insights Ministry for Food Security and the new UAE
provide a sense of the sheer scope and optimism National Food Security Strategy 2051 (page 68); the
of the plan and highlights how the attributes are ever-changing nature of Space and how we can
infused in the entrepreneurial spirit of the nation to benefit from it (page 78); how the Education sector
drive development. I would like to personally thank has adapted to the demands of the pandemic (page
those who contributed their valuable insights to this 52); and the pros and cons of introducing further tax
milestone issue of Law Update. commitments (page 88).
As a starting point, we have a special feature on I hope you enjoy this special edition and its
the UAE Government which provides a detailed celebration of the UAE.
overview of how the UAE Centennial 2071 vision
was born. Through a strong desire to continue to
serve its people, and ensure that the UAE will top Best regards,
the world in all facets of its economy, education, Essam Al Tamimi
healthcare, entrepreneurship, innovation and Chairman, Al Tamimi & Company
technology (page 8).
SECTOR INSIGHTS 45
Artificial Intelligence
Pushing the boundaries of the possible: the growth of AI in the UAE 46
Education
Destination 2071: reimagining education and getting UAE to the top of class 52
Energy & Utilities
Here comes (more of) the sun: what will be lighting lamps in 2071 56
Environment
The road to sustainability: legal perspectives on climate change and the 60
environment in the UAE
Finance
A SPECIAL FEATURE ON Where to from here? The future of the UAE finance industry 64
08
THE UAE GOVERNMENT
Food Security
Food for thought; the future of food security in the UAE 68
Healthcare
UAE health 2071: the future of healthcare 72
INDUSTRY EXPERT INSIGHTS 13
IN CONVERSATION WITH
15
Dr Abdulla Al Karam, Director General, Knowledge and Space
Human Development Authority (KHDA) Star laws: how UAE law is boldly going into the final frontier 78
Hassan Al Hashemi, Vice President of International Relations, 19 Succession Planning
Dubai Chamber Planning for the next 50: estate and succession planning in the UAE 84
Khalfan Belhoul, CEO, Dubai Future Foundation 23 Tax
The introduction of corporate tax in the UAE: myth or reality? 88
Paddy Padmanathan, President and CEO, ACWA Power 29
Dr Raja Easa Al Gurg, Vice Chairperson and Managing Director, 35
Easa Saleh Al Gurg Group
The contents of this publication are not intended to be a substitute for specific legal advice on any individual matters. No part of
Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World 39 this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or
other electronic or mechanical methods, without the prior written permission of the publisher, except for individual use and other
non-commercial uses permitted by copyright law. The permission to recopy by an individual does not allow for incorporation of the
material in part or in whole of any work or publication, whether in hard copy, electronic or any other form, unless specific mention
is made to the source, “Law Update published by Al Tamimi & Company” and written permission is granted by the firm. For more
information, please contact us at info@tamimi.com.
Al Tamimi & Company © 2021
Special Feature 9
A special feature on Prime Minister of the UAE and Minister How is the UAE Government preparing for
of Presidential Affairs, and a committee the future, and in which focus areas?
THE UAE
to oversee the UAE's Golden Jubilee
The objectives of the government Pillar,
celebrations, chaired by H.H. Sheikh Abdullah
under "UAE Centennial 2071", include
bin Zayed Al Nahyan, Minister of Foreign
establishing the UAE Government to be the
Affairs and International Cooperation. The
best government in the world, with a long-
announcement marks the formulation of
term vision and inspirational leadership that
the largest national strategy of its kind to
GOVERNMENT:
anticipates, and prepares for the future.
fortify the country's reputation and enhance
Other objectives include adopting best
rankings across global competitiveness
experiences and practices, developing a
indices.
national strategy to enhance the UAE’s
reputation and soft power, and ensuring
that there are new, diverse, and sustainable
What is included in the “UAE Centennial
sources of government revenue other than
2071” and what does this mean for future
FUTURE-ORIENTED AND HUMAN-CENTRIC generations?
oil, with a view to enhancing the financial and
investment capabilities of the Nation.
H.H. Sheikh Mohammed bin Rashid Al
Maktoum, Vice President and Prime Minister
of the UAE and Ruler of Dubai, launched What importance does education play in the
the UAE Centennial 2071 as a long-term “UAE Centennial 2071”?
government work program, based on the
Regarding education, "UAE Centennial 2071"
historic lecture of H.H. Sheikh Mohamed
re-affirms the UAE’s commitment to provide
bin Zayed Al Nahyan, Crown Prince of Abu
the best education system in the world
How has the UAE Government approached President and Prime Minister of the UAE Dhabi and Deputy Supreme Commander
for future generations by allocating and
planning for its future? and Ruler of Dubai, launched, in September of the Armed Forces, addressed to future
channelling resources towards investment
2020, the UAE next 50-years Design Project generations, in which he charted a path and
Preparing for the future is a key function of in an education system that will enable the
which includes a number of joint interactive laid the foundation for the future of the UAE.
the UAE Government, which has created country to develop the talents of future
initiatives between both the government The "UAE Centennial 2071" is a five-decade generations and build their capabilities to
a comprehensive action plan for the
and private sector and community members vision for future generations that includes: serve the nation. The education system will
development of government work, with
to collaborate in creating ideas and charting the development of a national strategy reinforce the national identity, instil ethical
an integrated, future-centric, vision that
a course for the future in all sectors and to enhance the country's reputation and values and positivity, and plant skills needed
engages community members in its design.
fields through various activities and events soft power; ensuring diverse sources for the 22nd century in future generations,
The plan aims to make the UAE the best
organized by the 50-year Development Plan of government revenue other than oil; equipping them with all disciplines of
country in the world by 2071.
Committee, such as seminars and design investing in advanced technology based knowledge, while using the best artificial
Since it was founded, the UAE has sessions. education; instilling ethics and values in intelligence systems and technology in order
focused on investing in and enabling future generations; increasing productivity to develop globally open-minded, qualified
The UAE “Designing the Next 50” Project
citizens, securing their future, building of the national economy; and enhancing Emirati scientists and researchers to lead
included a number of initiatives launched by
cohesive communities, developing a community cohesion. future growth.
the 50-year Development Plan Committee
national knowledge-based economy,
with the aim of involving individuals from The "UAE Centennial 2071" is dedicated
and enhancing global competitiveness,
all segments of society in shaping the to preparing a generation that carries the
through strategies and initiatives aimed at The economy is always evolving but what
UAE's future, including students, youth, flag of the future and boasts the highest
promoting achievement and encouraging are the long-term plans for economic
and non-profit organisations, in addition to scientific and professional standards,
all sectors to participate in the sustainable development until 2071?
government leadership dialogues. and ethical and positive values to ensure
development of the country, to help pave
the way for achieving the objectives of the H.H. Sheikh Mohammed bin Rashid Al continuity, secure a happy future and a On the economy Pillar, the "UAE Centennial
"UAE Centennial 2071" vision and preparing a Maktoum, Vice President and Prime Minister better life for future generations, which will 2071" reiterates the UAE Government's vision
roadmap for the next 50 years. of the UAE and Ruler of Dubai, along with elevate the UAE to become the best country to become a global economic player within
H.H. Sheikh Mohamed bin Zayed Al Nahyan, in the world. The UAE Centennial is based on the major economic groups. Developing the
Crown Prince of Abu Dhabi and Deputy four pillars: best education in the world, best best economy in the world, by employing
Who has been involved in designing the Supreme Commander of the Armed Forces, economy in the world, happiest society in a professional national workforce and
UAE’s future for the next five decades? had announced in December 2019 that the world, and best government in the world. the best global talent, while relying on
2020 would be “Towards the Next 50 years." It strives to invest in the UAE’s youth and advanced sciences and technology,
With the aim of involving community to position the UAE as the best and most innovation, creativity, entrepreneurship and
Their Highnesses issued a directive for the
members in shaping the future of the UAE advanced country in the world, through a environmental sustainability as essential
formation of two committees affiliated to
and developing themes and components comprehensive strategy whose outcomes drivers for economic prosperity. The plan
the UAE Cabinet, the 50-Year Development
of the UAE Centennial Plan, H.H. Sheikh and objectives will be achieved by the UAE’s also seeks to promote the best competitive
Plan Committee, chaired by H.H. Sheikh
Mohammed bin Rashid Al Maktoum, Vice centenary celebrations in 2071. environmental, digital and physical
Mansour bin Zayed Al Nahyan, Deputy
10 Special Feature Special Feature 11
infrastructure in the world, establishing the decade, in addition to developing plans and UAE Government also discussed, on "The to attract the best talent according to the
UAE as a hub for innovation, a platform for strategies that lay the foundation for the Future of Infrastructure and Environmental Legatum Prosperity Index report, second
entrepreneurship, and a global economic "UAE Centennial 2071". Sustainability," ways of developing future globally and first regionally for adaptability
centre. plans to upgrade the infrastructure, housing, of government policy according to the IMD
The second annual meetings discussed the
environment, food and water security, as well report, and second globally for mobile phone
first phase of the "UAE Centennial 2071" with
as digital infrastructure sectors. subscription penetration according to the
30 councils, aiming to create a unified vision
How are societal facts addressed in the “UAE ITU report. In addition, the UAE Government
of the country’s future infrastructure and In the area of “Security, Justice and Safety,”
Centennial 2071” Strategy? received an "Aa2" rating in creditworthiness,
generating main ideas and directions for the the UAE Government focused on enhancing
which is the strongest sovereign rating in
"Society" is a vital pillar in "UAE Centennial first phase. readiness in this vital sector. Under “The
the region by the international rating agency
2071" with several target areas, notably: Future of Education and Human Capital”
In November 2019, co-design sessions for “Moody's for 2020.
establishing a secure, tolerant, cohesive and area, in support of efforts to advance the
the future of the UAE were held as part
ethical society that embraces happiness education sector and enhance investment The UAE ranked first regionally on the
of the third annual meetings of the UAE
and a positive lifestyle, and provides higher in national skills and talents, within five main Government Ensuring Political Stability
Government. The sessions witnessed
levels of wellbeing, made up of families who areas for the development of the sector index according to the World Economic
participation from Emirati representatives
are aware of the requirements of the next including, early education, general education, Forum report, first regionally on the Burden
of the various segments of the community,
phase. Investing in people is also important, higher education, extended axes, research of Government Regulation index according
notably youth, senior Emiratis, parents,
including solidifying future generations’ and development, and strengthening the to the World Economic Forum report,
people of determination, retirees, and
adherence to their national identity and capabilities and participation of the national first regionally on the Transparency of
business leaders. The meetings were aimed
Emirati ethics, and reinforcing values of workforce in the labor market. Government Policymaking index according
at developing the annual meetings’ agenda
modesty and service to the nation. to the Legatum Institute report, and first
and proposing focus topics and challenges On the economic sector, the UAE
regionally on the e-Government and
to direct and plan the creation of the Government held consultative meetings to
e-Participation Index according to the
future in line with the goals of the "UAE discuss the future of economy in the UAE at
How did the UAE Government develop the Global Competitiveness Report and the
Centennial 2071". the “Economic Environment” and “Economic
“UAE Centennial 2071” Strategy? Global Innovation Index.
Model and Sectors” levels, in support of
H.H. Sheikh Mohammed bin Rashid Al the advancement of this sector through
Maktoum and H.H. Sheikh Mohamed How has the UAE Government brought in its development plans and the design of trends
What were some of the initial steps taken by
bin Zayed Al Nahyan launched the "UAE full force to prepare for a 5-year plan? for the next 50 years.
the UAE Government to lay the foundation
Centennial 2071" Strategy at the conclusion
Within the framework of government The meetings discussed developing the for “UAE Centennial 2071”?
of the first edition of Annual Meetings of the
initiatives aimed at enhancing government future of the community sector, by focusing
UAE Government in September 2017. In 2016, the UAE Government began laying
integration and cooperation country-wide, on family and youth issues, sports, culture,
the foundation for the future government,
The meetings witnessed the launch of many and laying down the main plans and visions and the values of Emirati society. In addition,
through a ministerial reshuffle, which was
long-term initiatives, programs, policies for the next 50 years, the UAE Government special meetings were held to discuss the
announced by H.H. Sheikh Mohammed
and strategies focused on the challenges held consultative meetings in preparation for future of the country’s healthcare and
bin Rashid Al Maktoum. The adjustment
facing the country’s development process, the next 50-year plan. The meetings, which medical services and ways of developing
included a new vision for government
discussing government priorities in various were attended by a number of ministers, an advanced healthcare system based
directions that are primarily future-
sectors, and introducing appropriate plans government officials, secretaries-general of on providing smart medical services and
oriented and forward-looking in all areas
and programs. The meetings also seek to executive councils, heads of departments, adopting national frameworks for health
of government work, youth engagement,
align and coordinate between Federal and directors general, leaders, experts, officials prevention and community education, in
the happiness portfolio, and tolerance
local government strategies and mark the and employees from Federal and local order to enhance the UAE’s leadership and
portfolio. Ministries have been renamed and
start of planning for the "UAE Centennial government entities, focused on laying down competitiveness globally.
new portfolios were added for the UAE to
2071". Moreover, the meetings shed light future trends and visions along six main areas.
ensure that national priorities and goals are
on the outcomes related to the national
The consultative meetings were part of achieved including a community prevention
indicators and national agenda, and follow up What measures has the UAE Government
initiatives of the 50-Year Development Plan portfolio for the Ministry of Health and a
on efforts to achieve goals and results within used to track its progress in key areas?
Committee, led by H.H. Sheikh Mansour bin climate change portfolio to consolidate the
"UAE Vision 2021".
Zayed Al Nahyan, Deputy Prime Minister The UAE emerged among the top countries UAE’s position as a key player on climate
The meetings focused on highlighting key and Minister of Presidential Affairs, to worldwide in key indicators of global issues. Furthermore, the Ministry of Public
challenges and scenarios expected during the strengthen government integration at the competitiveness for 2020. It ranked first Work has been renamed as the Ministry of
next five decades and the development of federal and local levels and intensify efforts globally in 110 indicators and first in the Arab Infrastructure Development.
appropriate plans in partnership with the UAE in setting the pillars and components of the region in 473 indicators. In addition, the UAE
H.H. Sheikh Khalifa bin Zayed Al Nahyan,
community, while paying attention to their UAE Centennial Plan 2071. ranked among the top 5 countries globally
President of the UAE, also approved
ideas, proposals and visions for the future. in 202 indicators and in the top 10 globally
The consultative meetings on "The Future another ministerial reshuffle adding
in 327 indicators. In government sector
The second Annual Meetings, held in of Government Work" focused on three new portfolios that deal with artificial
indicators, the UAE ranked first for public-
November 2018, reviewed the efforts and main topics: the future of governments, intelligence, well-being, advanced science,
private sector partnership according to the
programs undertaken to meet the "UAE the sustainability of financial resources and advanced skills, and food security, to form
IMD report, first globally for finance skills in
Vision 2021" and set targets for the next a long-term fiscal strategy, in addition to an agile government to transition the
the government sector according to the IMD
media and government communication. The country towards the Centennial.
report, first globally for the country's capacity
12 Special Feature Special Feature 13
INDUSTRY
EXPERT
INSIGHTS
14 Industry Insights 15
IN CONVERSATION WITH
DR ABDULLA
AL KARAM
DIRECTOR GENERAL, KNOWLEDGE AND HUMAN
DEVELOPMENT AUTHORITY (KHDA)
With the pandemic having accelerated Some students may want to study at more
the uptake of distance learning and than one school; some teachers may also
virtual classrooms, there were multiple prefer to teach at more than one school.
innovations in education delivery. How did Distance learning has made it possible for
you see educational institutions ensuring this to happen.
excellent education is delivered virtually?
Distance learning has served its original
What does the KHDA envisage future
purpose of ensuring that education
classrooms to be like, will students return
continues through a pandemic. As time
to wholly physical classrooms or would we
goes on, its purpose is also evolving.
see hybrid blended learning classrooms?
Online learning will offer schools, teachers,
The pandemic has challenged students and their parents greater
expectations of what education should flexibility in how, when and where learning
be and can be. Future-focused school is delivered. More than ever, physical
leaders have told us that the goals of schools will be places for students and staff
their five-year innovation strategies were to improve their physical and emotional
met in just six months. Practices that we wellbeing; to build friendships and to have
thought would take months or years, such fun – an essential tenet of education.
as an alternative to examinations, came
about in days. Students have become
more independent learners; parents are The UAE Vision 2021 set the goal of
more involved in their children’s learning, creating a first-rate education system with
and teachers are able to create more mathematics, science, reading and Arabic
customised learning plans for each of language attainment targets. With the
their students. School leaders, teachers agenda coming to an end this year, what
and parents have collaborated to adapt achievements and weaknesses in schools
and innovate learning for younger and have you identified? How will these feed
older students, and for students of into the achievement of the Centennial
determination. Plan 2071?
Future classrooms may not be classrooms Six years ago, the leadership of the UAE
at all. When teachers and students are announced ambitious National Agenda
able to connect virtually, learning can targets for Dubai private schools, which
happen whereever they are. The exclusive included scoring among the Top 10
relationship that has traditionally existed countries in the world in the international
between schools and students, and assessment Trends in Mathematics and
schools and teachers, is also changing. Science Study (TIMSS).
16 Industry Expert Insights Industry Insights 17
Our education community has never Education operates much like an eco- With our friends at Dubai Tourism and
backed away from a challenge. Ever system, with many different individuals universities themselves, we are working on
since Dubai first participated in its first and organisations playing equally an initiative to attract more students from
TIMSS cycle in 2007, schools have made important roles that are vital to the health specific regions – such as China - to Dubai.
consistent and significant improvement. and success of the system as a whole.
Dubai’s 50-year charter, announced by
What started out as an ambitious target Social media is a fun and effective way
H.H. Sheikh Mohammed bin Rashid Al
soon became a reality. to bring these different groups together
Maktoum, Vice President and Prime
towards the shared goal of world-class
In the latest round of TIMSS undertaken in Minister of the UAE and Ruler of Dubai,
education in Dubai.
2019, students from Dubai private schools focuses in part on higher education
have met UAE National Agenda targets Through social media, we’re able to and building a competitive knowledge
and scored among the top 10 in the world. engage with students, parents and economy. Under the charter, national
teachers. They have direct access to the and private universities will become free
These results are testament to the
regulator, which enables them to feel a zones, where students can carry out
dedication, commitment and love that
greater sense of belonging to the whole their economic and creative businesses.
Dubai’s principals and teachers have for
education community in Dubai. Likewise, Integrated creative and economic zones
their students, their schools, and their
we can use social media to gauge public will be established next to universities
city. They are also a reflection of Dubai’s
opinion or to ask for specific feedback. to support students in education,
promise to provide students with a world-
research, and finance while setting up
class education that values wellbeing as Through the accessible language, tone
their businesses. The end goal is not only
well as academics. and messaging we use on social media,
graduating students but also coming up
we have built positive relationships with
In response to each of the four main pillars with companies.
our community. This not only brings our
of the UAE Centennial Plan, we continue
own community closer together, but also
to work with international partners
shows the qualities of Dubai’s private
and local schools
education sector to the wider world.
to improve and
“Our social integrate wellbeing
media presence into education in
While the UAE is becoming an education
Dubai. In March we
is part of will be announcing
destination for students in the MENA and
our overall South Asian regions, what steps are you
the results of the
encouraging universities and schools to take
commitment fourth year of the
to appeal to students worldwide, in line with
to meaningful Dubai Student
the UAE’s Centennial 2071 aim to become a
engagement with Wellbeing Census, competitive knowledge economy?
as well as the third
our community.” Adults@School Dubai is home to 36 international branch
Wellbeing Survey. campuses, the most in the world. The
focus has always been on quality – while
each these universities are accredited by
KHDA has been creatively using social their home countries, their programmes
media to connect with students and are also quality-assured by the University
teachers. What benefits has KHDA seen Quality Assurance International
emerging from this engagement and how Board (UQAIB) and recognised by the
does it see its increasing engagement help Government of Dubai.
towards achieving excellent education?
The latest data from Dubai’s private
Our social media presence is part of higher education sector shows that 25
our overall commitment to meaningful per cent of university students have
engagement with our community. Our come to Dubai specifically to study,
approach is human-centred: we don’t attracted by its location, security and
regard ourselves as a ‘government employment prospects. Responding to
authority’ communicating with market demands, the sector has seen an
‘stakeholders’; rather, we are humans 11 per cent uptake in computer science
communicating with other humans. and technology programmes in the last
academic year.
18 Industry Insights 19
IN CONVERSATION WITH
HASSAN
AL HASHEMI
VICE PRESIDENT OF INTERNATIONAL RELATIONS,
DUBAI CHAMBER
How will the Dubai Chamber of Commerce and startups. The timing of the recent
& Industry (Dubai Chamber) focus on stimulus and business-friendly measures
promoting the interests of its business is ideal given that multinational companies
community over the next 50 years? are now looking to relocate their supply
chains and prepare for the post-COVID
Dubai Chamber is fully committed to
recovery. In this regard, Dubai has become
supporting businesses in Dubai as they
a destination of choice offering vast
adapt to a new reality and providing
competitive advantages.
access to new opportunities in the next
phase of growth. In line with Dubai’s vision
for the next 50 years, Dubai Chamber is
How did the Dubai Chamber’s wide range
expanding its range of smart services
of e-services and policy advocacy efforts
that improve ease of doing business and
ensure business continuity during the
enhance economic competitiveness. We
pandemic? What are the lessons for
are increasing our focus on key sectors
the future?
that are driving Dubai’s sustainable growth,
such as e-commerce and digital economy, Dubai Chamber’s wide range of smart
blockchain, artificial intelligence, high- services have become a necessity for
tech industries, logistics, agribusiness, businesses during COVID-19, while its
sustainability, mobility, innovation and advanced digital infrastructure enabled
space industry. Meanwhile, we are exploring it to carry out all of its operations
new gateways and facilitating international remotely and efficiently. Over 667,000
cooperation that can drive and diversify e-transactions were processed by Dubai
Dubai’s foreign trade and strengthen its Chamber in 2020 as it
position in the global arena. offered 98% of its core
“Dubai Chamber
services online and
utilised digital platforms is expanding its
In terms of maintaining the competitiveness to host the vast range of smart
of Dubai as an international business hub, majority of its meetings services that
what are the key steps that need to be and events. Keeping improve ease of
taken? all this in perspective,
doing business.”
the Chamber plans to
As Dubai maps out its vision for the next
continue investing in
50 years, it has a real opportunity to create
advanced technologies and cutting-edge
a new narrative – one that draws on its
solutions that improve ease-of-doing
strengths and positions the city as a global
business in Dubai, create value for its
hub for the future economy and a magnet
members and boost its competitiveness in
for the world’s most innovative companies
a fast-changing business landscape.20 Industry Expert Insights Industry Insights 21
As a bridge between government and Why was it important to launch the Dubai Female entrepreneurship and participation
business, Dubai Chamber of Commerce Start-up Hub (the entrepreneurship arm of in the labor force has been high on the
and Industry is playing a crucial role Dubai Chamber) and how will this hub grow? Dubai Chamber’s agenda. Dubai Business
in facilitating public-private sector Women’s Council, under the umbrella of
Since its establishment in 2016 as an
cooperation and advocating on behalf of the Dubai Chamber has played an active
initiative of Dubai Chamber of Commerce
companies in Dubai to ensure a favourable role in enhancing gender diversity. How
and Industry, Dubai Startup Hub has
business environment. In addition to will this role grow in the next 50 years?
grown rapidly and expanded its offerings
engaging in an open dialogue with
and network in line with the unique and The entrepreneurial landscape for women
members of business groups and business
changing needs of Dubai’s maturing has changed a lot here in the UAE over
council in Dubai, the Chamber has put has
entrepreneurial community. What the last decade. Women were already
several initiatives in place that businesses
began as an online interactive portal highly educated and working in the public
in the emirate are leveraging to voice
offering resources and information and private sectors, but what happened
their concerns, address issues of common
has evolved over the last few years to in recent years is that many of them
interests and share policy
become a one-stop shop acquired enough skills and experience
recommendations.
for all things startup, and capitalised on the opportunities this
Over the last year, we “As a bridge between providing entrepreneurs great country is offering by launching
learned many valuable government and with an ideal platform their own ventures – many of which meet
lessons as a chamber, business, Dubai Chamber for knowledge market needs.
including the importance sharing, mentorship,
of Commerce and Women entrepreneurship has long been a
of leadership, innovation, training, development,
digital preparedness Industry is playing a competitions, knowledge
top priority for Dubai Chamber. Not only
crucial role in facilitating sharing, collaboration, are we empowering women in business
and close public-private
through our initiative – the Dubai Business
sector cooperation in public-private sector networking or growth
Women Council (DBWC).
responding effectively to cooperation.” opportunities.
Established in 2002
unprecedented challenges
Over the last few years, we under the umbrella of “Women were already highly
and enhancing economic educated and working in the
have seen a sharp uptick the Dubai Chamber of
competitiveness.
in the number of international startups Commerce and Industry, public and private sectors,
that are joining Dubai Startup Hub with DBWC has dedicated but what happened in recent
the intention of entering the Dubai market its efforts to enhancing years is that many of them
The UAE’s Bankruptcy law was a major
and leverage the emirate to expand their gender parity in society
step forward in modernising the UAE’s
footprint in the Middle East. In an effort and encouraging women acquired enough skills and
insolvency law allowing for the early experience and capitalised on
to cater to different types of startups and to play an active role in
restructuring of indebtedness for
distressed companies. What key legal
their unique needs, we have launched building the country and the opportunities this great
changes does the Dubai Chamber see
other programmes such as Market Access stimulating sustainable country is offering by launching
which is designed to facilitate business development. The their own ventures – many of
as having the most impact for the Dubai
deals between leading companies in DBWC organises tailored
business community in the future?
Dubai and promising startups that can workshops and training which meet market needs.”
Following several business-friendly solve their market challenges. sessions for its members
measures rolled out by the government to provide them with valuable information,
Today, Dubai Startup Hub has truly
last year, including 100% foreign ownership best practices and skill set to excel in their
become a platform of collaboration for
and the amendment of the bankruptcy field of work.
city ecosystem. For instance, our annual
law, the UAE is now opening citizenship
Networking Series features incubators We also provide tailored support
to select foreigners including investors,
and accelerators as guest speakers, and guidance to aspiring women
specialised talents and professionals, as
while the annual Dubai Smartprenuer entrepreneurs through Dubai Startup
well as their families.
Competition is supported by public and Hub’s various programmes and working
This move is game changing for many private sector stakeholders including closely with our international offices
reasons. It will attract top talent with Smart Dubai, venture capitalists, to provide them with access to global
expertise needed to support the UAE’s incubators and accelerators. growth opportunities. There is vast
sustainable development and transition potential for the UAE to align its efforts
to a knowledge-based economy. At the with other progressive countries to
same time, it will elevate the country’s expand bilateral cooperation in the
status in the global arena and enhance its area of women entrepreneurship and
value proposition. build partnerships to expand support to
women-led businesses.22 Industry Insights 23
IN CONVERSATION WITH
KHALFAN
BELHOUL
CEO, DUBAI FUTURE FOUNDATION
What are the top three priorities of of the way forward supported by a firm
implementing the Centennial Plan for foundation of evidence-based analysis
Dubai Future Foundation? and quantitative and qualitative reporting
to enable stakeholders and key decision-
Our leadership has always been ambitious,
makers to anticipate and better navigate
wise and foresighted, with a vision to
the future, guide policy-making and
place Dubai as the leading city of the
develop key strategic initiatives and
future. H.H. Sheikh Mohammed bin Rashid
strategies. The Dubai Future Accelerators
Al Maktoum, Vice President and Prime
programme connects government and
Minister of the UAE and Ruler of Dubai
private sectors with talents and innovators
launched the foundation with the aim of
from around the world to allow them to
institutionalising the future and that’s how
solve future challenges and use Dubai as
our story started.
a testbed for their innovations, to be part
Our priorities at DFF are set to fully of creating a high quality of life for the
support the implementation of the 4 people of Dubai and the UAE, and further
main pillars of the UAE centennial plan, solidify Dubai’s position as a leading city
which are: creating a Future-focused of the future.
government – a priority that we support
through many initiatives such as the
future-focused courses that we launch Considering the ambitious Centennial
throughout the year at the Dubai Plan for the UAE, how does the Dubai
Future Academy, the academic arm of Future Foundation engage with the youth
Dubai Future Foundation, which offers and empower the next generations of
government employees courses that UAE Leaders?
fortify the most sought after future skills
Dubai Future Foundation is all about
that allow them to imagine and design
youth empowerment and engagement
the future in line with the vision of our
in creating an inclusive society. We have
leaders. Our very own unique ecosystem,
launched a number of programmes
AREA 2071, is one of the most dynamic
and initiatives that do not only focus on
innovation hubs in the region, attracting
educating the youth with the knowledge
talents and entrepreneurs from around
of the future and the skills they need
the globe, supporting their growth
to lead the future, through the Dubai
into being positive contributors to the
Future academy courses, but also on
future, and supporting Dubai's diversified
actual engagement of this significant
knowledge economy. At The Dubai Future
segment of society in creating the future.
Research, our research arm, continues to
In line with the vision of H.H. Sheikh
produce insights and recommendations24 Industry Expert Insights Industry Expert Insights 25
Mohammed bin Rashid Al Maktoum, Vice accelerate innovation and its application era, increasing its contribution to the The UAE has three of the most dynamic
President and Prime Minister of the UAE throughout all sectors. Hence, in January national economy by means of advancing ecosystems in the region. They have
and Ruler of Dubai, to inspire innovation 2019, we launched the regulation lab innovation and future technologies within succeeded in putting the UAE among the
and creativity amongst students as (RegLab), a revolutionary approach on the government. top most open and welcoming incubators
an integrated part of their higher behalf of the UAE in the legislation and globally: AREA 2071, Fazaa Center for
education, we launched the University application of emerging technologies. Business Incubators and Accelerators,
Entrepreneurship Program to create a The lab works closely with regulators, the In light of all the developments and and Hub 71.
suitable environment for innovation and private sector, innovators, and business ambitious plans for the UAE, how will
In addition to these dynamic hubs, and
entrepreneurship and prepares young leaders to co-create legislation that is in you ensure that the country’s values and
inspired by the vision of our insightful
students for the future by developing step with innovation speed. Regulations heritage are preserved?
leadership DFF has set new and flexible
their entrepreneurial capabilities. passed too early may stifle new
Our strategy at DFF is based on our legislation for future technologies to
innovations, while those that come too
leaders' vision, and as we move forward to mitigate any adverse effects that may
late may have already negatively impacted
implement the UAE centennial plan, we result from the application of these
What is the University Entrepreneurship people and markets. That is why RegLab
draw strength from Dubai's story. technologies in an unsafe manner and
Program? works in the regulation space to align
to enhance the exchange of expertise
regulation speed with innovation speed. In 1970 an airport was commissioned by
Aiming to achieve the goals of the Fifty- and knowledge while keeping up with the
a ruler of a small emirate – Dubai, with
Year Charter’s 6th Article, the Dubai Future RegLab was launched as part of the UAE's accelerating innovation in technologies.
sand cleaved to run concrete runways. In
Foundation has taken the essential step pathway to becoming a global innovation
around 60 years, this airport became the RegLab aims to provide a set of flexible
in realising the comprehensive vision incubator and a testing ground for future
world's busiest. In 1961, a full decade before laws and legislation by working closely
announced by H.H. Sheikh Mohammed technologies and their applications
the UAE was formed, Khor Dubai, or the with policymakers from federal and local
bin Rashid Al Maktoum, Vice President shaping human life and activity in the
Dubai Creek, was dredged to allow larger government authorities as well as the
and Prime Minister of the UAE and future, such as mobility, health, 3D printing,
vessels in to welcome the world. In 1971, private sector and business leaders to
Ruler of Dubai, in creating economic and AI, and more.
a unified nation was created out of tribal develop legislation governing vital future
creative free zones in universities that
This initiative aims to create an agile and lands by leaders of vision and foresight, sectors that positively impact societies
allow students to carry out innovative
conducive legislative environment that and the United Arab Emirates was born. and support the UAE's role as a global
businesses and creative activities as an
pioneers “regulation innovation” as we In 1979, and with our leadership's visionary incubator of innovations and creative
integrated part of their higher education,
develop new or existing legislation around foresight, a gateway hub and a global trade projects in four main areas: mobility; health;
the University Entrepreneurship Program
emerging technologies in line with UAE's link of the world is born in Dubai: Jebel Ali 3D printing; and artificial intelligence.
(‘UEP’) creates a suitable environment for
Centennial 2071 plan. Port became the largest man-made port
innovation and entrepreneurship, employs
in the world, connecting global markets
modern technology in various vital and In addition to the RegLab, we enable
and facilitating trade. In 2016, H.H. Sheikh How does AREA 2071 embody the UAE
future sectors, and prepares young and support government entities across
Mohammed bin Rashid Al Maktoum, Vice Centennial 2071’s plan?
students for the future by developing their Dubai through many initiatives such
President and Prime Minister of the UAE
entrepreneurial capabilities through five as Dubai Future accelerators, which AREA 2071 is a fast-growing ecosystem
and Ruler of Dubai established the Dubai
main stages: learning about successful facilitates collaborations between with physical and, more recently, virtual
Future Foundation to institutionalise
experiences; identifying opportunities and government entities activations and events that continuously
future foresight. Our initiatives are
areas of entrepreneurship; developing and innovative aim to connect government, private
“RegLab works human-centric and tackle all aspects of
personal capabilities and talents; surveying start-ups to solve sector, and start-ups beyond commercial
human life, yet our leaders' vision, wisdom,
potential business opportunities; and challenges of the in the regulation and foresight are embedded in our DNA
engagements and programmes The
implementing ideas and projects. future. Through the space to align objective of these activations is to
and in everything we do as an institution
Centre for Fourth regularly share information regarding the
12 local and national universities are taking regulation speed that specialises in imagining, designing,
Industrial Revolution partner programmes, successful founders,
part in the UEP program. So far, the UEP
(C4IR), we aim to with innovation and executing the future.
and start-ups in the ecosystem and
has supported more than 550 students speed.”
develop the tools inspire and support new entrepreneurs
in various ways including prototyping and
and applications of and students to start their own journeys.
investment opportunities. Do you think that the UAE will be the top
the Fourth Industrial AREA 2071 hosts a myriad of different
incubator for innovative ideas worldwide?
Revolution in the UAE and work towards events to transform the ecosystem into a
developing governance frameworks, The foresight of our leadership, and the collaborative and supportive community.
What are the steps currently being
protocols, and best practices both vision to place Dubai as the leading city of Each member of this community is given
taken by the Dubai Future Foundation to
regionally and globally. the future and a leading hub for tourism, the opportunity to learn, engage and
accelerate the adoption of technologies
finance, technology and innovation has grow through the exchange of knowledge,
and digital transformation? The Centre further aims to support the
furnished for Dubai and the UAE to building networks, and collaboration.
UAE's strategy for the Fourth Industrial
The need to enable new business activities become a leading incubator for talented These events include workshops, one-on-
Revolution and further strengthens
based on agile regulations emerged to innovators from around the globe. one talks, panel discussions, pitch events,
its position as a global hub for this
align with the vision of our leadership to26 Industry Expert Insights Industry Insights 27
hackathons, and open networking events. focused district and part
These events are driven by the needs of of our unique ecosystem,
the community and cover technology, AREA 2071. The district
innovation, entrepreneurship, youth connects DIFC, Emirates
enablement, education, legal, investment, Towers, and Dubai World Trade
fundraising, soft skills, and women Centre, and houses an economy
empowerment, to name a few. research centre, incubators and
accelerators, and innovative space
Over the years, with over 26 thousand
for future economy pioneers.
participants from around the globe, AREA
2071 hosted thousands of Workshops, The new district aims at placing
presentations, and talks with guest Dubai as the world's capital of the
speakers sharing their knowledge, skills, new economy and provides financing
expertise on specific topics as well as and legislative facilities and options for
one-to-one meetings, networking events, businesses from around the globe. With
and casual conversations to enable the offerings that vary from accommodations
exchange of personal experience, stories to simplified licensing plans to visas, to
and growth tips, in addition to special unique opportunities to grow unique
sessions with mentors, founders, and presence for businesses across the region,
technology experts to work with start-ups the Dubai Financial District will shift
on their challenges and help them explore Dubai's foreign trade through stimulation
market opportunities, industry prospects, and revitalisation with the continuous
and insights. development of all the logistical,
legislative and service tools, in addition to
building new international partnerships.
From your personal perspective, what
current project are you working on that
you are most excited for, or do you feel
has the greatest potential to assist the
futuristic UAE government?
I believe that every single initiative, big
or small, launched by DFF is impactful,
insightful, and bears great potential for
progress in our society.
We are anticipating the opening of the
Museum of the Future soon, which aims
at further cementing Dubai as a hub
for innovation and a
“Our leadership testbed for emerging
technologies and
has always been exploring the future of
ambitious, wise science, technology, and
and foresighted, innovation. In addition
with a vision to to becoming a major
place Dubai as tourist destination,
the Museum will
the leading city offer a platform to
of the future.” demonstrate and test
the latest inventions
and prototypes from emerging start-ups as
well as technology giants.
We are also launching the Dubai Future
District, announced in 2020 by HH Sheikh
Mohamed bin Rashid Al Maktoum. DFD is
the Middle East's biggest future economy-28 Industry Insights 29
IN CONVERSATION WITH
PADDY
PADMANATHAN
PRESIDENT AND CEO, ACWA POWER
The UAE has an established track record as Second Party Opinion (SPO) of Vigeo Eiris
a proponent of sustainable development, for the Taweelah water desalination power
and is committed to implementing the plant being built in Abu Dhabi. In addition,
United Nations’ Sustainable Development through our work on the NOOR 1 Energy
Goals (UN SDGs). It is no surprise, therefore solar power project, which is a phase of
to see the sustainability motif echoed in the Mohammed Bin Rashid Solar Park, we
the UAE’s Centennial plan. How has ACWA have also qualified for the Climate Bond
Power imbibed these priorities into its Initiative certification.
business plan?
We believe that by aligning ourselves to the
ACWA Power has been supporting the SDGs as a strategic lens at the core of our
UAE in its journey towards sustainability operations, we support the advancement
for well over a decade by pioneering of our host nations on the global goals and,
the development and cost reduction of ultimately, their national contributions to
renewable power generation and water the Paris Agreement.
desalination projects. Our sector plays a
vital role in achieving the United Nations
Sustainable Development Goals (SDGs). By ACWA Power operates in multiple Gulf
delivering cost-effective renewable energy countries and is accustomed to operating
and energy-efficient water desalination for in markets that have traditionally been oil-
the UAE, we are contributing to affordable centric. How do you see the energy sector
energy access and clean water supplies
in the Middle East changing over the next
as well as climate action through reducing
50 years?
the country’s carbon footprint. Beyond our
core operations we are also focused on Countries in the GCC are signatories to
fostering continuous learning for our local the COP 21 Paris Agreement and have
operations and workforces by providing recognised the need to reduce carbon
training and education opportunities to emissions as fast as possible to contain
our employees, and gender equality and climate change. In addition, the cost
woman empowerment in the communities of renewable energy has decreased
we serve. dramatically in the last few years, allowing
Furthermore, we are ensuring that the us to supply a significant segment of energy
projects we work on are in line with global consumed each day cost competitively,
sustainability standards and are proud to regardless of whether a country is an oil and
have obtained the world’s first sustainable gas producer or importer.
and social accreditation based on the30 Industry Expert Insights Industry Expert Insights 31
Based on these facts, GCC governments the UAE's economy by delivering power The UAE’s Water Security Strategy 2036 promote sustainable access to resources
have all announced ambitious plans to and water reliably, sustainably and at sets ambitious targets for the use and and efficient utilisation of services to
meet 30 to 50 per cent of their energy the lowest cost possible. In addition, treatment of water in a number of areas, maximise value creation. ACWA Power is
needs through renewable energy within by deploying clean energy plants and including increasing the reuse of treated able to lead the way by reliably delivering
the next decade. With the right policies energy efficient water projects, we are water to 95 per cent and reducing total such vital inputs, electricity and water, at
in place and by leveraging public-private also supporting the reduction of the demand for water resources by 21 per cent. the lowest possible cost.
partnerships, these governments have country’s carbon emissions in line with its How is ACWA Power prioritising its medium-
already seen major projects materialise, commitment to the Paris Agreement. term strategy to meet these targets?
with many under construction and in Many of the initiatives that fall under the
Beyond that, by adopting policies to Without waiting until 2036, ACWA Power
operation today. umbrella of delivering sustainable energy
maximise local content development and is already embracing the circular economy
and water resources are extremely costly
By generating low-cost renewable procurement and by creating valuable approach of the 4 Rs; reduce, reuse,
due to the need to advance infrastructure
energy and using the electricity intensive employment opportunities for citizens recycle and remove. We have progressively
and technological innovation. Are there
electrolysis process, we are now also able through the activities of developing, been reducing energy intensity of
any more accessible ways the SMEs and
to contemplate splitting water molecules constructing, operating and maintaining desalination and
individuals can contribute to the UAE’s
to produce hydrogen. As such we can these significant assets, ACWA Power is “We are also recovering and
sustainability?
deliver green hydrogen to replace fossil able to contribute to the health, wealth and pioneering the reusing energy to
fuels for hard-to-abate transportation happiness of the countries we serve. further reduce net Renewable energy and water desalination
and industrial uses to further reduce
recovery of consumption. We technology and the construction of
carbon emissions. economically are evaluating what, utility-scale plants rely on the smallest
ACWA Power is involved in delivering one valuable elements till recently, has of components and the actions of
Utilising our experience and expertise
is critical for our endeavors in the GCC
of the UAE most precious resources: water. from brine, which been the practice individuals – demonstrating the potential
What involvement does ACWA Power is the waste of disposal of for including smaller players in the value
region. We are challenging costs and
have in planning for the UAE’s other long- membranes used chain. In the case of renewable energy
accelerating the energy transition by
term objectives that involve water supply, stream of the in the process. We projects, we are already able to show more
undertaking pioneering projects in the desalination
such as agriculture and food security, are also pioneering than 40 per cent of local content. While a
region such as the Mohammed Bin
happy communities, and regional stability? process.” the recovery of more targeted effort is required, the scope
Rashid Solar Park, the NEOM Green
economically for SME involvement is considerable.
Hydrogen project and The Middle East, and
valuable elements from brine, which is the Furthermore, the ability to generate
the Red Sea Project. The “By generating low-cost specifically the UAE waste stream of the desalination process. power from solar resources at roof top
Red Sea Project is the and KSA, are the largest
renewable energy and has opened a massive market for SMEs
first tourism project in desalinated water producers Finally, while ACWA Power is not directly
the world on this scale using the electricity in the world, given the involved in reuse of end product water,
to get involved in supply, installation and
intensive electrolysis maintenance for domestic, commercial
spanning an area the size scarcity of the natural we continue to champion water reuse,
and even industrial consumer segments.
of Belgium where all utility process, we are now also resource in this region. recognising the environmental and social
services are to be entirely able to contemplate Ensuring the provision of benefits.
powered by sustainable, an adequate water supply
splitting water From your perspective, what is the most
zero emission energy in and the most efficient use
promising development that has the
addition to adopting a zero molecules to of that vital resource in food ACWA Power is involved in multiple
greatest potential to propel the UAE
waste and zero plastics produce hydrogen.” supply are both critical for projects with the UAE authorities, and is
towards its 2071 vision in terms of water
approach. these countries. ACWA a strategic partner in delivering utilities
security and sustainable energy?
Power is focused on producing potable to the UAE population. Do you think the
water in a sustainable manner; which in private sector has an obligation to assist Continuous development and deployment
The main pillars of the UAE’s future vision the case of the UAE means using reverse the government in providing sustainable of renewable energy, expansion of
are built around strength in economy, osmosis technology to desalinate sea access to these resources? sustainable water desalination and
happiness, government and education. How water, minimsing energy use in the process, production of cost-competitive green
Given that ACWA Power and others
does ACWA Power’s work in sustainability and transitioning to renewable energy hydrogen will be the “collective key” to
serving the sector are very much in the
interact with these areas? for that electricity required, while also deliver on the UAE’s 2071 water security
business of investing significant capital
minimising waste disposal and chemical and sustainable energy ambitions. ACWA
With reliable, adequate and affordable to construct plants and recover those
usage. By continuing to reduce the cost Power is committed to partnering with the
electricity and water being essential for investments and risk related returns
of desalinating water, which would in turn UAE to propel the country so it continues
economic growth and social welfare, and over decades, economic growth is vital
facilitate the use/adoption of technologies to lead the energy transition while
as a developer, co-owner and operator of to ensure our own viability. It is very
like hydroponics, ACWA Power may in benefitting from everything the ensuing
power and water assets, ACWA Power is much in our interest and the collective
time be able to also contribute to the food green economy will provide.
proud and privileged to be a partner with responsibility of all market participants to
security agenda.
the UAE to fulfill its vision. We supportYou can also read
