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Elite Program participants tackle Singapore’s perspective on ‘Asian financial outlook’ amid global financial crisis

United Arab Emirates: Wednesday, February 04 - 2009 @ 12:57

Today’s discussions with Singapore’s international experts focused on offering new insights into the “Asian Financial Outlook” and the concept of “National Competitiveness” especially given the recent economic uncertainty globally.

The Elite Program participants were also joined today by Singapore’s Director for Strategic Planning Ms. Elizabeth Quah, representing the Singaporean Prime Minister’s Office (PMO), who served as the keynote speaker during the discussions.

The third day activities of the Dubai Opening Study Visit Program fully complemented the previous days’ events of the educational tour, which has been geared towards helping equip the Elite Program participants with essential knowledge and expertise required to successfully manage a “global city”. The participants have previously conducted a site visit to Singapore’s water management facility and have received lectures detailing Singapore’s successful sustainable development strategy, which has enabled the island city state to become a significant force in the global economy.

Adel Al Shared, Executive Chairman, Elite Program, said:

“The educational tour provided participants with the Singaporean perspective on the Asian financial outlook. Being a leading financial figure in Asia it is certainly important to learn more about the Singaporean approach and strategy amidst the ongoing economic challenges faced by global economies. In addition, Singapore has a solid track record in cultivating its national competitiveness and the Elite Program participants can definitely pick relevant ideas that may be useful as they formulate their own development initiatives which go in line with the requirements of Dubai.”

Rashid Al Jumairy, The executive office, Prime Minister Office, participant of Elite Program, said: “It is important for us to expand our knowledge and understanding of other cultures and societies, particularly in their approach towards common challenges and opportunities. In this regard, the Elite Program has provided us with a rare opportunity to learn more about the success story of Singapore; this experience will certainly give us a fresh perspective towards becoming an effective leader of a global society.”

Ms. Quah, who holds an Honours Degree in Economics from the London School of Economics and Political Science, and a Master’s Degree in Public Management from the Lee Kuan Yew School of Public Policy (LKYSPP), is responsible for facilitating the strategic planning cycle and identifying the strategic directions for the School. She will give an overview of Singapore’s institutions of government, an insight into the Principles of Governance in Singapore, the personnel management philosophy and how this is translated into the development of public sector leaders for the country.

The Elite Program participants had previously toured Singapore’s NEWater Visitor Centre and attended a lecture conducted Dr. Kallidaikurichi Easwaran Seetharam, the Founding Director of LKYSPP’s Institute of Water Policy. NEWater is the brand name given to reclaimed water produced by Singapore’s Public Utilities Board, while Singapore’s NEWater facilities are renowned worldwide for adopting the highest quality standards and the most advanced technologies in treating wastewater.

The DO program revolves around three key themes that have been deemed critical for public sector leaders to succeed in managing global cities such as Dubai: governance and national competitiveness; sustainable urban development; and strategic and economical outlook. The experience and knowledge acquired from the study tour will be used by the program participants to develop customised strategies that are beneficial to Dubai and complementary to the Dubai Strategic Plan.

The Elite Program been established to identify and prepare promising young UAE nationals to be future leaders capable of managing the strategic initiatives of the local and federal governments. The DO program is part of several modules specially developed for the Elite Program participants.

The Elite Program targets talented young professionals in the 21-25 age bracket who have a bachelor’s degree from a recognised university, proven academic excellence, strong leadership potential, working knowledge in both Arabic and English, basic computer skills, and a genuine dedication and commitment to the region’s human and socioeconomic progress.

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Wednesday, February 4- 2009 @ 12:57 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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