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The Chamber plans to invest AED100 million (USD367.2 million) into innovative projects and initiatives The Chamber plans to invest AED100 million (USD367.2 million) into innovative projects and initiatives

Dubai Among World’s Top Innovation Cities

Dubai improved its innovation performance climbing one spot to rank 14th among 30 global cities on the third Dubai Innovation Index, outperforming major international business destinations.

The findings were released by Dubai Chamber of Commerce and Industry (Dubai Chamber) following its participation during UAE Innovation Month.

The Index measures innovation output on a city and industry level and provides analysis on key challenge areas as well as strengths.

The top-performing cities were Hong Kong, which climbed two spots to rank first globally, followed by New York, London, Singapore and Seoul.

H. E. Hamad Buamim, president, Dubai Chamber, said, “Efforts to foster innovation have been introduced across all segment’s society, with notable achievements made within the city’s public and private sectors.”