Today's Edition
DAVOS (WAM)
In the presence of H.H. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, the Government of the United Arab Emirates and the World Economic Forum announced the signing of a Memorandum of Understanding to establish and launch the Global Regulatory Innovation Platform (GRIP).
This milestone agreement was announced during the 55th Annual Meeting of the World Economic Forum, held in Davos, Switzerland, from January 20–24, 2025.
The platform aims to understand, evaluate, and design human-centred legislation that serves communities in an era of rapid technological and digital advancements.
It will provide a supportive environment for regulatory innovation, equipping stakeholders with cutting-edge tools and methodologies to assess the readiness and effectiveness of legislative frameworks.
Additionally, GRIP seeks to promote international collaboration on flexible governance models to address future challenges and opportunities.
The signing ceremony was attended by Mohammed bin Abdullah Al Gergawi, Minister of Cabinet Affairs, and Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.
The agreement was signed on behalf of the UAE by Maryam bint Ahmed Al Hammadi, Minister of State and Secretary-General of the Cabinet, and on behalf of the World Economic Forum by Alois Zwinggi, Managing Director of the Forum.
Al Hammadi stated, “The partnership with the World Economic Forum to establish and launch the Global Regulatory Innovation Platform embodies the vision and directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai. This initiative reinforces the UAE’s role as a leading regional and global hub for international cooperation, and supports global efforts to achieve comprehensive and sustainable development, fostering stability, prosperity, and well-being for all communities.”
She added, “The platform aligns with the UAE’s forward-looking approach to fostering innovation across all sectors, particularly in legislative frameworks. Over recent years, this commitment has resulted in the UAE achieving an unprecedented milestone by modernising over 80% of its national legislation, reflecting its adaptability and progressiveness.”
She emphasised the key objectives of the collaboration with the World Economic Forum, which include developing and launching the Future-Readiness Index for Legislation, publishing the Global Guide for Regulatory Innovation, building an international network of experts, policymakers, and legislators, enhancing the capacity of legislative professionals, and establishing a global knowledge platform for legislative innovation.
The initiative will also organise dialogues on regulatory innovation and host the Global Legislative Forum.
Al Hammadi added, “The launch of GRIP enhances the UAE’s position as a global hub for international organisations, businesses, and institutions seeking a supportive and flexible regulatory environment. It also positions the UAE as a knowledge centre and a platform for sharing expertise in cutting-edge legislative developments.”
