This economic model understands that economic growth no longer depends solely on the accumulation of capital or the abundance of natural resources, but on the capacity for innovation. The importance of innovation-driven economic growth and the fundamental requirements for sustainable growth through technological progress. The economic success of the United Arab Emirates is not only due to the inspiring vision of its leadership in implementing an economic model that transformed it into a modern, developed state. The UAE did not limit itself to the optimal and prudent use of its vast oil wealth, but also worked on diversifying its economy in an innovative way, enabling it to flexibly and quickly adapt to technological changes. The UAE possesses several elements that have made its economic model successful.
