During the activities of the Davos Forum 2023

The UAE government and "Newsweek" launch a global index to measure "countries' readiness for future opportunities"

Ohoud Al Roumi during the signing of the agreement.

From the source

The UAE government has signed a cooperation agreement with the Newsweek Vantage Foundation and the Horizon Research Group, with the aim of launching the Global Index of Future Opportunities, as part of the activities of the UAE Pavilion at the World Economic Forum 2023, which is being held in Davos, Switzerland.

This agreement reflects the UAE's keenness to build broader international partnerships with governments, organizations, companies and entrepreneurs to shape the features of the future in its various sectors, study its opportunities and challenges, and benefit from it in drawing government priorities to create a more inclusive, sustainable and prosperous future for global societies.

The agreement was signed by Ohood bint Khalfan Al-Roumi, Minister of State for Government Development and the Future, Nigel Holloway, CEO of Newsweek Vantage, and Margarita Drznik, General Manager of the Horizon Research Group, in the presence of a group of senior officials in international and local companies from various sectors. vitality.

The index focuses on two main axes: identifying future opportunities, studying the size of the market value, and evaluating the readiness of countries for future opportunities in terms of proactive policies, flexible legislation, talent readiness and the business environment.

global contribution

Ohood Al-Roumi said: “The Future Opportunities Index represents an important contribution from the UAE to support world governments in drawing features of future development, and assessing the size of the transformations the world is witnessing, supported by data, strategies, initiatives and policies required in the coming years.

We look forward to the index becoming a global reference and source for governments and decision-makers to understand the radical changes in the next decade, assess countries' readiness for them, and benefit from them in the service of their governments, societies, economies, and the future of generations.

Al-Roumi indicated that the “Future Opportunities Index is an advanced step for monitoring future trends and harnessing them in the service of humanity,” explaining that scientific data is the most important tool for making the future, and the index will provide the information required to raise the readiness of governments and accelerate the design of the future of their generations and economies with flexible policies and legislation, and qualified human resources. A supportive business environment, and possible and well-established global partnerships.

She explained that «the future of government work requires proactive solutions, new approaches, different methodologies, and innovative work models in various vital sectors, and the Future Opportunities Index is a translation of the vision of the UAE government to launch an international dialogue on critical issues and emerging sectors, and take advantage of new opportunities to achieve future growth. It reflects positively on societies,” noting that global changes and rapid transformations require us to be ready for the future today to take advantage of its opportunities for tomorrow's generations.

global indicators

In turn, Nigel Holloway said: “The launch of the Future Opportunities Index represents a pioneering initiative by the UAE to study the future of new sectors that have become a major driver of the global economy. It is also a qualitative addition to future studies and global reports that monitor challenges and provide solutions and opportunities for governments to develop their frameworks and institutions in line with with future directions.

He pointed out that the index of future opportunities is based on the accumulated efforts and experiences of the UAE in creating and designing the future, and will work to monitor the most important future aspirations and promising opportunities from different countries of the world, and put them in a practical context with the aim of employing them in the service of governments to be among their agendas and priorities for the coming years.

30 trillion dollars

For her part, Margarita Drznik confirmed, “The Future Opportunities Index will address six future trends, including the quality of life economy, the circular economy, big data, biotechnology, the carbon emission reduction economy, and the culture of use as an alternative to ownership. These sectors are expected to grow at an accelerated pace. It will reflect positively on the global economy, and will provide it with about $30 trillion over the next decade.

She explained that studying future opportunities and development sectors has become an urgent matter for providing data and new business models supported by effective global partnerships, noting that the UAE's move to study future opportunities and making them available to world governments on an annual basis represents an ideal opportunity for governments and companies to benefit from reliable information based on recent studies consistent with reality of global societies.

Ohoud Al-Roumi:

• "The UAE is keen to build broader global partnerships to create a more inclusive, sustainable and prosperous future for all."

The main objectives of the indicator

■ Measuring governments' readiness for the future with flexible policies, qualified human resources, a supportive business environment, and solid partnerships.

■ Future solutions that shape the future of government work, new business models, and innovative methodologies.

■ Extracting data and enabling governments with accurate information that contributes to accelerating the design of their future generations.

■ The preliminary study expects that "the size of the market opportunities" that will be monitored in the index will reach $30 trillion over the next decade.

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