Experts explore mechanisms for the index in knowledge economy and research, development and innovation in the Arab region

Dubai, October 19, 2015: As part of a series of workshops organised by Mohammed Bin Rashid Al Maktoum Foundation (MBRF) in a number of Arab cities in preparation for the launch of the Arab Knowledge Index for 2015, the Foundation, in cooperation with the United Nations Development Programme, concluded two workshops in the Jordanian capital Amman, discussing mechanisms for the index in the sectors of knowledge economy and research, development and innovation.

The first workshop was participated by a group of Arab experts in the field of knowledge economy, and the second workshop featured a group of specialists from the field of research, development and innovation.

On the occasion, His Excellency Jamal bin Huwaireb, Managing Director of MBRF, said: “The workshops have helped generate new ideas in the preparation of the index. Besides, the expertise of the participants in their respective fields has enhanced the credibility and accuracy of the index and contributed to identifying the challenges faced by every sector in the index. The recommendations of the experts are crucial in supporting communities and governments in the plans to develop human resources and provide better opportunities to them as well as expanding the scope of sustainable development in the region.”

The first workshop looked at the most important indicators in the knowledge economy sector that can be adopted in the index. It also identified key sub indicators based on knowledge reports to build the index. The participants explored the indicators and mechanisms to measure knowledge, including the appropriate weights for the variables to be adopted, and recommended nearly 33 indicators in the field of knowledge economy within its three key segments: structural and institutional dimension of the economy, the creative and evolutionary dimension, and technological dimension. The experts agreed on the relative weights of the main and sub indicators and the inputs to calculate the economy index in the Arab Knowledge Index.

The second workshop discussed the components of research, development and innovation guide as well as the installation guide and weights of the indicators. The participants also agreed to include research and development and innovation within a single framework which will determine the inputs and outputs of each element, and identify the economic, social, and institutional environment needed to support the activities and establish the required infrastructure for each of them.

The Mohammed bin Rashid Al Maktoum Foundation will announce the results of the Arab Knowledge Index 2015 during the second session of Knowledge Conference, which will be held from 7 to 9 December at the Grand Hyatt Hotel Dubai. The index will provide accurate methodology and tools to measure knowledge in the Arab region, which supports the development plans, policies and programs of regional and national levels to improve and upgrade them to world-class levels.