Investment expert advocates long-term approach to build your portfolio
business8 hours ago
"Building the future and preparing for the rapidly changing times require our immediate action," said Mohammad bin Abdullah Al Gergawi, UAE Minister of Cabinet Affairs and the Future and Vice-Chairman of the Board of Trustees and Managing Director of the Dubai Future Foundation, as he presided over the inaugural meeting of the Dubai 10X Council.
"We must form highly capable and creative teams to implement the forward-thinking vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and secure the emirate's lead in the race to forecast future trends and apply today what cities around the world will be adopting 10 years from now," Al Gergawi added. Qualified Emiratis will lead the charge in offering the world new and innovative models for government, he added.
The meeting discussed the council's tasks and responsibilities, as well as an action plan to implement the 10X initiative. Furthermore, the council explored related topics and assigned each government department a set of tasks it will be responsible for in terms of forming 10X teams that will propose creative ideas to test and implement in Dubai.
The council set the criteria and standards to adhere to when appointing the 10X teams and their leaders who will work to come up with out-of-the-box ideas and implement them as well as the roles and achievements expected from each government department in the period leading up to the next edition of the World Government Summit.
In the next phase, the participating departments will begin appointing leaders for the 10X teams and setting their action plans. These leaders are set to begin training in March, while the remaining members are to be appointed. By establishing 10X teams in different departments, the initiative will re-invent the departments' roles and the way they go about executing them.
What is Dubai 10X?
Dubai 10X sets the government on a mission to be 10 years ahead of all other cities with X symbolising experimental, out-of-the-box future oriented exponential thinking.
reporters@khaleejtimes.com
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