Is the Emirates Creating the Next Google and Tesla?

The National Emirati initiative Sandooq Al Watan announced its new initative “Our Future” which aims to produce the next Emirati Google or Tesla by 2071.

According to the Emirates News Agency, Sandooq Al Watan prepares the UAE for a post-oil era through supporting Emirati startups. The fund is planning to support 20 startups by 2020 that will be transformed into global companies that will shift the economy of the country.

Mohammed Tajeddine Al Qadhi, Director General of Sandooq Al Watan said: “Our Future initiative is a foundation upon which we can create a knowledge economy by supporting innovative ideas and startups that propose solutions to the challenges of the future and growing them into a global phenomenon. The initiative is unique because it supports the projects from inception all the way to growing the company into local and global leader.”

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