Dubai Chamber releases report benchmarking nation's innovation

The Dubai Chamber of Commerce and Industry announced this week the release of a report benchmarking Dubai’s innovation.
 
“Innovation is critical for the sustenance and development of an economy in a dynamic global environment as any business organization which is slow to adopt innovation in its activities will find it difficult to match up with the demands of the future,” Majid Al Ghurair, chairman of the Dubai Chamber, said.
 
Al Ghurair noted that Dubai was the first to launch such an ambitious goal of becoming the world’s most innovative city, and did so under the guidance of Sheikh Mohammed Al Maktoum, UAE vice president and ruler of Dubai.
 
“As a representative of the private sector, we are helping stimulate the innovation culture in the emirate’s business environment by encouraging the private sector to examine its strengths and weaknesses and to improve upon its shortfalls through a well-charted out action plan to march ahead in the process of innovation,” Al Ghurair said. “To this effect, the Chamber-launched Dubai Innovation Index has successfully managed to put the private sector on the right track towards development in its innovative endeavors.”