The UAE, a model of economic development

0


Sheikh Mansour attends 4th World Manufacturing and Industrialization Summit Monday in Dubai

Under the auspices of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President of the United Arab Emirates, Prime Minister and Ruler of Dubai, and in the presence of Sheikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs of United Arab Emirates, the 4th Global Manufacturing and Industrialization Summit (GMIS) was launched Monday in Dubai.

GMIS is organized by the Ministry of Industry and Advanced Technologies (MoIAT) in partnership with the United Nations Industrial Development Organization (UNIDO). The summit will run until November 27 and includes an industrial exhibition at the Dubai Exhibition Center at the Expo 2020 site.

Dr Sultan Bin Ahmad Al Jaber, Minister of Industry and Advanced Technology of the United Arab Emirates, delivered the inaugural address of the summit, starting his speech by commending the wise vision of the UAE leaders and their direction to develop a sustainable and diversified economy for the next 50 years. The United Arab Emirates, he said, has become a global model of economic development, based on competitive advantages and an advanced trading ecosystem.

Al Jaber welcomed the audience and attendees, then called for fully harnessing the potential of 4IR technologies, highlighting initiatives launched by the UAE to accelerate their adoption in the industrial sector.

Accelerating growth and progress through cooperation and synergies in his speech, Al Jaber also issued an open invitation to countries of the world to collaborate with the United Arab Emirates in their efforts to strengthen international cooperation, invest in new opportunities and build a bright and prosperous global economy. He noted that no economy exists in a vacuum and that accelerating growth and progress requires synergies to create an efficient and integrated industrial ecosystem.

Al Jaber highlighted the evolution of the global industrial sector, saying: “The first three industrial revolutions helped to strengthen global GDP and raise it to historic levels. They have also helped increase average life expectancy and increase average global income by a factor of 15. We are currently witnessing the dawn of the Fourth Industrial Age, as 4IR technologies begin to advance the industrial sector and enhance its contribution to global growth and prosperity. The Minister also spoke of the impact of advanced technologies on efficiency, citing several examples, including the role of additive manufacturing in increasing the productivity of many sectors over the past five years. Machine learning technologies have also contributed to vaccine development during the COVID-19 pandemic, speeding up clinical trials and, as a result, saving thousands of lives. He highlighted the ability of advanced technologies and artificial intelligence to generate positive change.

Dr Sultan Ahmed Al Jaber explained that the UAE’s national industrial strategy focuses on sectors that help generate high added value. It is also focused on the diversification of the economy, the achievement of sustainable growth and the improvement of industrial competitiveness, in particular through the adoption of advanced technologies. The strategy aims to achieve the MoIAT objective of doubling the contribution of the industrial sector to the national GDP in less than 10 years.

Al Jaber added, “We are working to add greater value in sectors in which we have expertise and competitive advantages, including energy, petrochemicals, plastics, metals, heavy industries and electrical equipment. We will focus on investing in priority sectors including healthcare, agro-tech and high-tech industries. We also seek to create value in successful sectors such as biotechnology and aerospace. Regarding future plans, HE clarified that the MoIAT will focus on increasing the contribution of the industrial sector to building an economy that is the best and most dynamic in the world, in accordance with the adopted 50 principles. by the wise leadership of the UAE as a comprehensive development plan. promote growth and prosperity over the next 50 years.

Competitive Advantages Al Jaber pointed out that the UAE invites partners to participate in enhancing industrial growth based on smart partnerships to expand its industrial base while utilizing its current competitive advantages, including world-class infrastructure, l ‘access to energy sources and raw materials, and cultural diversity and openness, which make the country a privileged destination for talents of more than 200 nationalities. He pointed out that the UAE seeks to enhance these advantages by refining regulatory frameworks, providing long-term residence visas to investors, entrepreneurs and highly skilled professionals, and facilitating access to finance in cooperation with the UAE Development Bank.

A thriving global vision for the next 50 years: Dr Sultan Al Jaber also highlighted the plans of the 50, which were launched by the leaders of the UAE to lay the foundation for growth for the next five decades. He underlined the important role played by industry and advanced technology in these projects. “As the UAE celebrates its 50th anniversary, our wise leadership has set its vision for a prosperous future for the next 50 years. The role of industry is to help build the best and most dynamic economy in the world. Ministerial meetings and signing of agreements During his participation on the first day of the summit, His Excellency Dr. Sultan Al Jaber met His Excellency Bandar bin Ibrahim Al-Khorayef, Saudi Minister of Industry and Mineral Resources, and Lord Gerry Grimstone, Minister of Investment in the Department for International Trade and Department for Business Energy and Industrial Strategy in the United Kingdom.

Dr Sultan Al Jaber and Khaldoon Al Mubarak, CEO of Mubadala Company, also attended the signing of a Memorandum of Understanding between the Ministry of Industry and Advanced Technologies and Emirates Global Aluminum, signed by Omar Suwaina Al Suwaidi, Deputy Secretary of the Ministry, and Abdel Nasser Bin Kalban, CEO of Emirates Global Aluminum. The MoU aims to implement the in-country value program on all purchases and contracts of goods and services, to cooperate on growth opportunities in the aluminum industry in the country and to form a joint working committee to assess and discuss program implementation requirements and provide ideas and lessons learned.

Dr Sultan Al Jaber and His Excellency Malik Sultan Al Malik, Managing Director of the Dubai Development Authority and CEO of Dubai Holding Asset Management, also attended the signing of a memorandum of understanding between the ministry and Dubai Industrial City, which included areas of cooperation and common efforts, such as encouraging companies to enroll in the Fourth Industrial Revolution Index program, participating in the readiness assessment, promoting the activities of the Fourth Industrial Revolution Network, joining the ICV program and support the “Make it in the Emirates” campaign.

The MoU was signed by Omar Suwaina Al Suwaidi and Abdullah Belhoul, Commercial Director of Dubai Holding Asset Management. Al Jaber also visited a number of pavilions of government entities and national and international companies.

GMIS 2021 will host more than 250 speakers, including four heads of state, representatives of heads of state, two former prime ministers, four senior UN officials, the president’s special envoy for climate change and more of 25 ministers from the United Arab Emirates and beyond. the world, in addition to a prominent Emirati presence in more than 70 sessions during the summit.

The summit will host three specialized conferences on technology, impact investing and alternative and renewable energies, in addition to three joint events with the United Kingdom, Australia and Italy. There will also be training courses for young people, a specialized industrial and technological exhibition, an e-sport event and an event with the Skolkovo innovation center. Lasting six days with the participation of more than 5,000 people from 130 countries, the summit will host 60 pavilions and will feature two days of workshops and refresher courses.


Share.

Comments are closed.