The United Arab Emirates's (UAE) high-tech sector got a double boost last month with the creation of a multi-million dollar fund for information and communication technology (ICT) development, and news that a microelectronics training academy will open in November.
The announcements came in the same week that the UAE was ranked highest among developing countries in the World Economic Forum's 2005 technology index.
The ICT fund will be used to support training, research and development, and technology transfer to the UAE. It will also sponsor workshops and conferences about ICTs.
"This is the first initiative of its kind in the Middle East," Mohammad Nasser Al Ganem, director-general of UAE's Telecommunications Regulatory Authority said. "It will give us the opportunity to partner with educational institutions both for applied research and for developing technical talent here in the UAE."
Meanwhile, a Dubai-based technology park called Dubai Silicon Oasis (DSO) announced that a microelectronics training academy will open next month. It is intended to develop a skilled technical workforce in the UAE and the wider region.
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