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His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, attended the second Annual Meetings of the Global Future Councils (AMGFC), which is being organised by the UAE Government in partnership with the World Economic Forum (WEF) — Davos.

He noted that that the great future questions required governments, international organisations and entrepreneurs to adopt new, more flexible and effective methods of development, adding “We, in the UAE, adopt a flexible model for the future to bring about a quantum leap in all vital sectors that touch the lives of people. We are looking to reach a stage where the future is clear, through learning its language and using its tools and industry as of today”.

The Internet Of Things (IoT) is expected to contribute $10-15 trillion to the global economy over the next 20 years, with the Fourth Industrial Revolution having the potential to double global annual growth by 2035, according to Mohammad Abdullah Al Gergawi, Minister of Cabinet Affairs and the Future of the United Arab Emirates.

Al Gergawi made the comments while speaking on Saturday to the World Economic Forum’s Global Future Council. The Fourth Industrial Revolution includes such technology as artificial intelligence, robotics and IoT.

Members of the 35 global future councils will interact and collaborate with leaders from the United Arab Emirates. Building on an announcement at the annual meeting of the Global Future Councils 2016 that the UAE aims to become a leading nation in the fourth industrial revolution.

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