The United Nations Development Programme (UNDP) signed a letter of intent with the Mohamed Bin Rashed Al Maktom Knowledge Foundation to establish a knowledge university as one of the UAE's efforts to boost knowledge domination and make use of it in sustainable development, said UNDP Director-General for Arab States Murad Wahba during the official opening of the sixth edition of the Knowledge Summit, held at Dubai’s World Trade Centre on Tuesday.
He said the UNDP has been a strategic partner of the UAE for a decade, planning together to achieve sustainable development, adding that the UNDP has extended the partnership for another 10 years.
This partnership, according to Wahba, resulted in releasing the Global Knowledge Index in Addison to the Future of Knowledge Foresight report, which is the first of its kind, tracking knowledge and how countries all over the globe depend on knowledge to achieve sustainable growth.
Executive Director of Mohamed Bin Rashed Al Maktom Knowledge Foundation Jamal bin Huwaireb said the knowledge Summit was convened to reinforce humanity dialogues for the sake of establishing communities that depend on knowledge and seek prosperity.
He added in his address to the Knowledge Summit that economic growth was impossible in the absence of knowledge.
“In cooperation with the UNDP, the UAE was able to extend help to several countries to tackle the developmental hurdles they were facing. Our goal is to invest in people, being the primary instrument in development,” according to Bin Huwaireb.
He also stated that the UAE has become the leading donor in the world, especially for its support of sustainable development. Achieving sustainable development, he added, is not easy, since it requires the integration of domestic and regional efforts, and arming people with knowledge and experiences.
During the opening session, a video was screened showing Switzerland, Finland, the US, Singapore, and Luxembourg as the world leading countries in the Knowledge Index 2019, and the UAE ranked second on the economic index.
Digital transformation for community and manufacturing is expected to record $100 trillion by 2025 globally, according to data shown in the video, unveiling that countries that invested in its people and technology were able to progress, such as Singapore, Luxembourg, Malaysia, the UK, Switzerland, Finland, Australia, USA, Japan, the Netherlands, France, Germany, Sweden, and the UAE, respectively.