Dubai plans first drone trading platform
The fast-growing Dubai Multi-Commodities Centre (DMCC) free trade zone is to join forces with Dubai Civil Aviation Authority (DCAA) to exploit commercial drone opportunities. The two plan to to create a drone trading platform as part of the emirate's vehicle regulation working closely with Dubai's Department of Economic Development to refine regulations for commercial drones.
Michael Rudolph, DCAA’s Head of Aviation Regulation and Safety, said: “Drones play an important role in modern life. From a civil aviation perspective, they are key to promoting the Dubai Smart Government vision, and the DCAA is ensuring flight safety of Dubai’s airspace. They are also essential for law enforcement organisations to maintain and monitor security on the ground. We look forward to seeing the continued expansion and impact of this technology unfold across both the public and private sector, and we are pleased to contribute to enabling that outcome."
The UAE has emerged a leader in the identification of the commercial and humanitarian significance of drones organising the annual ‘Drones for Good’ competition. The international winner receives a US $1 million dollar award for the most innovative and creative solution that improves people’s lives and provides positive technological solutions to modern day issues. Entries for the 2017 award are now open.