UAE From Oil to Knowledge

Prof Allam Ahmed, in conjunction with Dr Ibrahim Alfaki, has written a new book that evaluates the extent of the UAE’s success in diversifying its economy away from oil towards a knowledge-based economy. From Oil to Knowledge is the first book to present and critically evaluate the extent of the UAE’s success in diversifying its economy and implementing the principles and approaches of a knowledge-based economy. The authors identify the achievements of the government to date and areas for further development in order to transform the UAE into a leader in the adoption of science, technology and innovation to drive economic success on the international stage. The publication of the book is very timely given that the President of the UAE recently announced significant investment to foster a knowledge economy and innovation, and prepare the UAE for a world after oil. Over-reliance on oil challenges the long-term sustainability of an economy. The UAE’s government has placed considerable focus on a comprehensive strategic planning exercise to transform the country’s economic structure from relying heavily on hydrocarbon resources to becoming a knowledge-based economy. Non-oil is to account for 80% of the country’s economy by 2021. From Oil to Knowledge examines the role of this major powerhouse of the Arab World to transform itself into a leader in the adoption of science, technology and innovation to drive economic success on the international stage. In this first book to present and critically evaluate the extent of the UAE’s success in diversifying its economy and implementing the principles and approaches of a Knowledge Economy, the authors identify the achievements of the government to date and the areas of further development. From Oil to Knowledge will be utilized as a guide by policymakers and senior managers to enhance their ability to think strategically towards implementing the pillars of a Knowledge Economy within their own organisations and nation states.