UAE: A powerhouse of innovation for the region
The United Arab Emirates (UAE) leads the way in the Middle East when it comes to innovation and change, according to the findings of a new survey.
Some 77% of respondents to the Leaders Management Innovation Service, which polled companies in the region, claimed to have actively sought to promote innovation in their businesses over the last two years.
Furthermore, 44% of large companies surveyed revealed that they have teams dedicated to furthering innovative working practices in the organisation, the Khaleej Times reports.
Ahmed Bin Brek, chief executive of development firm Majid Al Futtaim, commented: "The survey reiterates the common consensus that the UAE plays a big role in fostering and promoting innovation across the region."
In addition, three-quarters of government figures surveyed described the promotion of innovation in the region as "very important" to the region.
The survey also took views from business leaders Saudi Arabia, Qatar, Oman, Bahrain and Syria.
Recently, the UAE government reported continued strong economic growth thanks partly to oil and investment revenues.
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