Breaking news

UAE Embarks On 2031 National Investment Strategy To Boost Annual Foreign Inflows

The UAE has set a bold vision with its National Investment Strategy 2031, targeting an elevation in annual foreign investment inflows from AED112 billion ($30.5 billion) in 2023 to AED240 billion ($65.4 billion) by 2031. His Highness Sheikh Mohammed bin Rashid Al Maktoum highlighted the strategy’s goal to transform the UAE into a premier global investment hub. Aiming to swell the foreign direct investment stock from AED800 billion to AED2.2 trillion, this strategy focuses on key sectors: industry, financial services, transport and logistics, renewable energy, and telecommunications.

Key Initiatives And Economic Contributions

The approved strategy includes 12 new programs and 30 distinct initiatives, such as the Financial Sector Development and the Investment Offices Promotion Incubator. Currently, foreign direct investment contributes significantly to the GDP, with predictions to increase its share to over 30% of the total investments by 2031.

Dive deeper into the global market shifts in Wall Street Tumbles Amid Trade Tensions.

Technological And Digital Advancements

The strategy outlines the UAE’s vision to become a digital economy powerhouse by 2031, intending to enhance the digital economy’s current contribution to GDP from 9.7% to 19.4%. The Industrial Technology Transformation Index (ITTI) will also play a pivotal role in gauging technological advances and sustainability practices.

The introduction of a remote work system and the launch of the National Green Certificates Program further highlight the UAE’s efforts to harness global talent and promote sustainable development.

Robotex Cyprus Winners Secure Spots At Global Finals As Festival Showcases The Future Of Robotics

Robotex Cyprus 2026 attracted thousands of visitors to the University of Cyprus Sports Centre on June 27 and 28, reinforcing its position as the island’s largest robotics and STEAM event.

A National Platform For Innovation

The ninth Robotex Cyprus Educational and Sports Robotics Competition brought together around 700 participants, including school pupils, university students and adults, who competed in more than 20 robotics challenges designed to test engineering, programming, problem-solving and teamwork skills.

The event also highlighted the government’s focus on digital innovation. Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou addressed participants through a message delivered by the ministry’s Director of Cybersecurity, Marios Tziapouras. Research and Innovation Foundation Vice-President Andreas Efstathiou also attended, reflecting the organisation’s role as Diamond Sponsor and its support for developing Cyprus’ innovation ecosystem.

Opening remarks were delivered by Chrysis Georgiou, Chairman of the University of Cyprus Department of Computer Science, and Fotini Georgiou, a member of the Robotex Cyprus Scientific Committee and board member of IET Cyprus, representing the event’s co-organisers.

Cyprus Strengthens Its International Role

Robotex International CEO Nathan Metsala attended the festival, highlighting Cyprus’ long-standing role in the competition’s global network. Cyprus was the first country to establish Robotex as a national competition, while Metsala announced that the 2026 Robotex International finals will be hosted in South Korea—the first time the event will take place outside Estonia.

Winning teams from Cyprus have now qualified for the international finals, continuing the country’s strong record in recent editions of the competition.

Robotics Meets Real-World Challenges

This year’s primary school teams developed projects under the theme “Sustainable Development, Green Island,” with many incorporating artificial intelligence to tackle environmental challenges.

Across the two-day event, competitors took part in disciplines including Line Following, Folkrace, Maze Solving, Bowling, Archery, SUMO robot battles, Rally and robotic shot put, alongside two drone competitions focused on autonomous flight and programming.

The annual Girls Firefighting competition also returned, supporting greater participation of girls in STEAM education.

Technology Beyond The Competition

Alongside the contests, visitors explored a wide range of interactive exhibits and hands-on activities. STEAM Cyprus showcased Drone Soccer, while the Planetarium team introduced new demonstrations focused on space, astronomy and AI applications.

The programme also featured the popular Human versus Robot chess challenge, organised with the KAISSA Chess Club, where SenseRobot competed against visitors of different ages and skill levels.

Throughout the weekend, participants experienced virtual reality, 3D printing and robotics demonstrations, while Robo.com.cy presented two Cyprus-developed products, Kypruino and RoboRover Core, and operated the technical support centre for competing teams.

A Growing Ecosystem

Robotex Cyprus was organised by the Cyprus Computer Society in cooperation with the University of Cyprus, the Cyprus Youth Organisation and IET Cyprus, under the auspices of the Deputy Ministry of Research, Innovation and Digital Policy.

Support came from a broad network of public and private organisations, including the Research and Innovation Foundation, the Bank of Cyprus, XM, Neapolis University, Novatex Solutions, ZEBRA Consultants, NETinfo and ICDL. Organisers also confirmed that secondary school students will continue to have access to scholarship opportunities through partnerships with several universities.

With growing international recognition, strong participation and an expanding focus on artificial intelligence and real-world problem solving, Robotex Cyprus continues to evolve beyond a robotics competition into one of the country’s leading platforms for nurturing future engineers, innovators and technology leaders. The next milestone for this year’s winners will be the Robotex Cyprus Awards Ceremony in October.

Uol
The Future Forbes Realty Global Properties
Aretilaw firm
eCredo

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter