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Ministry of Economy and TRENDS highlight scientific research’s key role in accelerating economic growth

06 Apr 2024

Ministry of Economy and TRENDS highlight scientific research’s key role in accelerating economic growth

06 Apr 2024

His Excellency Abdulla bin Touq Al Mari, UAE Minister of Economy, emphasized the critical role of think tanks and scientific research in driving economic progress. He stressed the importance of public-private collaboration to achieve UAE Vision 2030 goals.

During the meeting, His Excellency welcomed a delegation from TRENDS Research and Advisory to the Ministry’s headquarters. Led by Dr. Mohammad Abdullah Al-Ali, CEO of TRENDS, the delegation included sector heads and department directors.

       

The discussion focused on fostering collaboration between the Ministry of Economy and TRENDS, particularly in economic studies and research, with an emphasis on future sectors like the digital economy and artificial intelligence.

Participants highlighted the pivotal role of scientific research in driving economic development and stressed the need for increased collaboration among stakeholders to maximize the impact of research outcomes.

His Excellency Abdullah bin Touq Al Marri reiterated the Ministry’s steadfast commitment to fostering collaboration with TRENDS across various domains crucial to the national economy, aligning closely with the ambitious goals outlined in the UAE Vision 2030.

       

In response to the Ministry’s outreach, Dr. Mohammad Abdullah Al-Ali expressed his deep satisfaction with the visit, reaffirming TRENDS’ unwavering dedication to collaborating with both governmental and private entities to advance development initiatives.

Dr. Al-Ali provided insights into the TRENDS’ operational framework, highlighting the Center’s global vision and significant contributions to economic research, particularly in future-oriented sectors such as the digital economy and artificial intelligence. He highlighted the Center’s focus on producing research to inform economic policies, offer consultations, and support strategic planning.

       

Both parties agreed to maintain communication and strengthen cooperation, aiming to formalize a research partnership agreement delineating areas of collaboration, including economic studies, consultations, research, joint events organization, and knowledge exchange.

With a shared vision for progress, both parties pledged to strengthen communication channels and deepen cooperation. Their mutual aim is to formalize a comprehensive research partnership agreement, delineating areas of collaboration such as economic studies, consultations, joint event organization, and knowledge exchange.