"The UAE youth are competent enough to power the regions Research & Development (R&D) future" said Eng. Yahya Bin Saeed Al Lootah, Vice Chairman, S.S. Lootah Group, during his meeting with Dr. Dieter Fuchs, President elect of the World Association of Industrial and Technological Research Organizations (WAITRO).
"The current poor investment in R&D programs in the Middle East regions doesn't reflect its true potential, This year, the number of UAE national students at Dubai Medical College for example has reached over 50% an increase by 100% over the past few years, this reflects how our youth are attracted to scientific studies where they can excel and contribute to the best way possible to our economic needs and future growth" said Eng. Yahya Lootah.
Dr. Dieter Fuchs, the new WAITRO president serves as the Director of International business Development, at Fraunhofer, the leading applied research institute in Germany and the world who are working closely with S.S. Lootah Group to develop and implement a number of projects in the region which has an outstanding potential for innovation and remarkable relevance to the market.
"The partnership between S.S. Lootah Group & Fraunhofer and the launch of a coordination centre serving the UAE and the Middle East region in February this year has encouraged us to further explore the great potential of talent and development in the region" said Dr. Fuchs.
The formed alliance between S.S. Lootah Group and Fraunhofer aims to serve the ever growing development needs with sustainable projects that benefit people, the economy and future generations. Encouraging the business sector in the UAE and the region to take confident steps towards a true knowledge economy that brings value to people the business and industry in general requires more collaboration though among private businesses, industry and the education system.
WAITRO, an independent, non-governmental and not-for-profit association established in 1970 to promote and encourage co-operation among industrial and technological research and development organizations represents a good example of worldwide collaboration and activities that aim to encourage and promote networking, technology transfer and knowledge sharing.
"WAITRO was founded under the auspices of the United Nations system and has consultative status with many of its specialized agencies, we currently have 160 members in 80 countries and co-operate with over 500 other institutes and international agencies worldwide" added Dr. Fuchs.
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UAE youth to power regions' R&D future
- United Arab Emirates: Tuesday, November 14 - 2006 at 16:01
- PRESS RELEASE
A meeting was held in Dubai as part of S.S. Lootah Group ongoing efforts to establish a strong research and development base in the UAE to serve national and regional economic growth.
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S.S. Lootah Group has developed a strong market position, predominantly in the Middle East and adjacent regions, as an entrepreneurial organization that serve the ever growing development needs, in the region and beyond, with sustainable projects that benefit people, the economy and future generations.About S.S. Lootah International
S.S. Lootah International was envisioned in 1999 as the international business arm of S. S. Lootah Group leading its national, regional and global business growth in the 21st century. Over the past years, we have forged successful alliances, partnerships and joint ventures with leading international companies across key industries.
Today, S.S. Lootah International has become the name behind multi billion dollars development projects in markets that caters for over 5 billion people, stretching over Asia Africa and Europe.
Based in Dubai, United Arab Emirates, a world-class business and leisure hub, S.S. Lootah
International business philosophy reflects Dubai's dynamism through pioneering successful projects that is critical to the needs of national and regional economic development and growth. Besides being a unique business expertise and know-how exchange platforms, our ventures facilitate knowledge creation that address pressing issues and global challenges.
With capabilities to develop, manage, support and finance some of the largest projects in the construction, industrial, telecommunications, energy, environmental research and sustainable development sectors, S.S. Lootah International will continue to pursue strategic partnerships with leading businesses worldwide.
It's our pride at S.S. Lootah International
About IEG
The International Energy Group (IEG) is a strategic alliance of international companies in the energy sector. The IEG alliance has been forged to act as a catalyst for advanced energy technologies in the Middle East region and beyond. IEG is based in Dubai, United Arab Emirates, a regional business hub that enables IEG to reach out to a vast region. A region that seeks unique advanced technology to address its growing development needs.
IEG is committed to integrate cleaner and renewable energy sources with finite energy sources in use today, to benefit people, business and the environment. IEG will serve this unique and critical role of introducing commercially viable advanced energy technologies and applications to industrial, business and government sectors.
IEG will achieve this goal by facilitating access to the technical know-how, expertise and skills acquired through on going projects, developed, managed and implemented around the world through its alliance members.
IEG believes that its collaborative work will bring clean energy technologies and applications to life in the region and beyond and will improve on the overall economics and business opportunities of the global energy industry.
Posted by Lara Lynn Golden, News EditorTuesday, November 14 - 2006 at 16:01 UAE local time (GMT+4)
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This article was updated on Tue May 01 2007.
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