21/09/2017 05:32 AST
Innovation and technology were the subjects under discussion during the final panel sessions on the opening day of Sharjah FDI Forum 2017, which concluded on Wednesday at the Jawaher Reception and Convention Centre, Sharjah. The two-day global investment forum is being held under the patronage of His Highness Dr. Sheikh Sultan Bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah.
‘Government innovation, a new trend shaping the future of governments’ was the penultimate panel on the first day and was moderated by Hussein Al-Syed, CNBC Arabia. The discussion featured Walid Hareb Al Falahi, CEO of Dubai Consultancy, Tayfun Topkoc, Managing Director, SAP UAE and Oman, Bashar Al Natoor, Senior Director, Global head of Islamic Finance - (Fitch Ratings) Dubai, and Marwan Obaid Al Muhairi, Director of the Project Management Office - Ajman Municipality and Planning Department.
Highlighting the role of the government in being instrumental in driving innovation, Bashar Al Natoor, said, “My view is that innovation has been around since man has been on the earth, however it is now something that is a process as opposed to something that is done individually. A good example is the United States Department of Defence. They are a military body but they are behind the GPS, the Internet and NASA, they were responsible for putting a man on the moon. All this technology has filtered into the corporate sector, so you can see the influence of government bodies in the process of innovation.” Outlining his company’s involvement with the public sector, Tayfun Topkoc described how Public Private Partnerships, PPP, were at the core of his relationship with a Sharjah quasi-government body.
“Governments are more and more looking for citizen-centric services and this is something we at SAP are doing with Bee’ah, the Middle East’s fastest growing environmental management company. We developed their digital platform that is helping to detect counterfeit drugs. Through our relationship, we have found that the platform can also be applied to counterfeit luxury goods, so we are likely to be able to extend our relationship with the government through this application,” he said.
Representing the government sector on the panel, Marwan Obaid Al Muhairi revealed how public sector bodies come under the same pressures as commercial organisations when it comes to expectations of innovative services. He also highlighted the extent of Ajman government’s e-services, saying, “When Apple announced that there would be a delay to their newest i-Phone it affected their share price.
We experience the same issue in the government; when citizens hear about the latest government services they expect to be able to access them straight away. At the moment, about 60 per cent of our government services are e-services,” he said.
Discussing regulations around innovation, Walid Hareb Al Falahi, said, “The main issues relating to the advance of technology are ones of privacy because of all the data now being collected and safety. I am working in the field of drones; what if one falls out of the air and injures someone? Areas such as 3D printing throw up new regulation issues all the time. You have to keep regulating as you develop, you can’t just sit at home and refuse to progress just because you don’t have the necessary regulations in place right at that moment.” The final panel discussion of day one of the third Sharjah FDI Forum shone the spotlight on Blockchain, the software platform that made one of its outcomes, the Bitcoin, the world’s most successful decentralised digital currency. Titled ‘The New Tech in Trend: Blockchain’, the discussion started with how blockchain began as a mere book keeper for the Bitcoin system but is now developing into a secure information recording system with a huge potential to grow and develop.
Moderated by May Ben Khadra, CNBC Arabia, the panel featured Weynand
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