Dubai: Dubai will hold the 2008 World Summit on Innovation and Entrepreneurship (2008 WSIE), the most inspiring gathering of its kind, from 1-3 April 2008.

'Innovation as the key instrument for global competitiveness and peace' is the mantra of the event.

"The future of the Arab World belongs to the present majority of the youth population under 20 years of age. The summit seeks to challenge the status quo, dispute facts and figures and urge world leaders to commit to solutions that empower young arab leaders with the knowledge, the resources and the policy environment needed for their successful future," said Sam Hamdan, Chairman and Chief Strategist of the Global Leadership Team and Architect of WSIE.

"The Arab World presents remarkable opportunities ahead, but we are confident in the social and spiritual qualities of the new generation of leaders bound by their commitment to invent and co-exist," said Hamdan. If we can invent together, we can live together," he added, summing up the theme of the 2008 WSIE.

The event will be held under the Patronage of HH Sheikh Hamdan Bin Mohammed Al Maktoum, Crown Prince of Dubai, President of the Executive Council of Dubai and Chairman of Mohammed Bin Rashid Establishment For Young Business Leaders, under the theme - our future.

The 2008 WSIE will offer an inside look into the foresight, make-up, and actions of leading chief executives, policy makers and innovators through 25 innovation theatres and workshops that explore themes ranging from urbanism, investment, science, health, tourism, trade, education, internet, media, environment and society.

The summit will urge Arabs to use their past achievements in mathematics, medicine, commerce and science - as their new way of life to awaken a culture of collaborative innovation and to invent new solutions to solve the most pressing issues facing the Arab society today.