Dubai RTA reveals Master Plan for investing in its own Data

  • Date: 26-Jun-2022
  • Source: GCC Business News
  • Sector:Financial Markets
  • Country:UAE
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Dubai RTA reveals Master Plan for investing in its own Data

The Roads and Transport Authority (RTA) of Dubai has devised a Master Plan for investing its data in line with the provisions of Law No. 26 of 2015: Regulating Data Dissemination and Exchange in Dubai and subsequent policies.

The Law, in alignment with UAE Vision 2021, backs the pillars of a competitive economy driven by knowledge and innovation. The ultimate purpose is to place the UAE at the heart of important economic transformations that the world is expected to witness in the future.

Mohammed Al Mudharreb

CEO

Corporate Technology & Technical Support Services

RTA “This framework is a prelude to a final project for maximizing RTA’s revenues by selling data to government and private entities under the provisions of the Dubai Data Law issued in 2015. The project includes developing an operational model to maximize return on investment from the use of RTA’s data and knowledge while protecting the exclusivity and confidentiality of data. By undertaking this project, RTA has become the first government entity in the UAE and the region to implement this approach.”

The RTA Official further elaborated that, “The project demonstrates RTA’s efforts to adopt the same strategies of high-performing and fast-growing innovative entities that have managed to raise financial returns from data.