​Dubai, Feb. 16 (WAM) -- In a move to promote digital transformation in the UAE and to employ big data to support decision-making, the Federal Competitiveness and Statistics Center (FCCC) announced on the sidelines of the World Government Summit, which concluded yesterday in Dubai, the signing of cooperation agreements and strategic partnerships with the aim of benefiting from the large inventory of big data produced by major international and national companies producing data, thus contributing to supporting decision-making and building development policies and strategic initiatives.

The cooperation and partnership agreements signed by the Federal Competitiveness and Statistics Center included the signing of an agreement with Visa, a global leader in digital payments, as well as an agreement with Majid Al Futtaim, one of the oldest national brands with a regional reach, which owns a major chain of shopping malls, stores and entertainment establishments in the Middle East and North Africa.

- Visa and partnership in vital sectors.

Under the cooperation agreement with Visa, the UAE government, represented by the Federal Competitiveness and Statistics Center, will be able to develop development initiatives. Based on the data provided by Visa to the health, education, tourism, consumption and other vital sectors data, which contributes to drawing an accurate perception of reality that is reflected on the community through innovative government initiatives, which contribute to improving the quality of life and promoting sustainable well-being.

- Majid Al Futtaim, mutual collaboration for knowledge partnerships. According to the agreement signed between the Federal Competitiveness and Statistics Centre and Majid Al Futtaim, the two parties will work together to cooperate in the fields of statistical data and information, exchange experiences and information to enhance the country's competitiveness in global reports and indicators, in addition to cooperation in the implementation of statistical surveys, training and holding seminars and workshops related to data science and statistics.

Joe Abi Akl, Chief Corporate Development Officer and Chief Communications Officer, Majid Al Futtaim Holding, stressed the importance of strategic partnerships and understandings between the public and private sectors, which represent an added value in optimizing the use of data to support innovative initiatives and knowledge-based government policies.

It is worth noting that all data The resulting agreements of understanding concluded between the Federal Competitiveness and Statistics Center and its strategic partners are guaranteed confidentiality and protected by the Federal Law on the Protection of Personal Data, which represents an integrated framework to ensure the confidentiality of information, and protect the privacy of community members by providing sound governance for data management and protection, as the law defines the general frameworks for dealing with data, how to collect, process and store it, means to ensure its protection, and the rights and duties of all concerned parties.