UAE's innovative approach hailed

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, with Prof Klaus Schwab before the meeting of Global Future Councils in Dubai on Friday.

Professor Klaus Schwab, founder and executive chairman of World Economic Forum (WEF), has hailed the UAE approach on innovative ideas and future-facing concepts and said the country's visionary leadership is keen to build a peaceful, prosperous and sustainable future in the fourth industrial revolution.
Talking to Khaleej Times ahead of annual meeting of Global Future Councils, he said the WEF is proud of its long-standing partnership with the UAE. For over 10 years, he said the UAE has provided a conducive environment for WEF's annual meetings and has proven itself to be an enthusiastic adopter of innovative ideas and future-facing concepts.
"Today, here in Dubai, I am proud that our collaboration is entering its most exciting phase yet, and look forward to continuing to work with the country and its leaders as they look to build a peaceful, prosperous and sustainable future in the fourth industrial revolution," said Schwab. 
About the expectations from the councils meeting in Dubai starting today, he said the Global Future Councils have just completed their inaugural year and performed well.
"I am already very satisfied with the contribution they are making to the work of the forum. In addition to their role as advisory bodies for the forum's system initiatives, the councils are increasingly finding ways of collaborating with our new centre for the fourth industrial revolution in San Francisco," he said. 
"This week, in addition this work, I am especially excited about seeing how they are able to help leaders from the UAE by providing guidance on the country's own national strategy for the fourth industrial revolution," Schwab concluded.
muzaffarrizvi@khaleejtimes.com