Undersecretary of the Ministry of Industry and Advanced Technology: Applying “added value” to all federal agencies before the end of the year

Yousef Al Arabi (Dubai)

The National Value Added Program, recently launched by the Ministry of Industry and Advanced Technology, will be implemented among the fifty projects in all federal agencies by the end of this year, according to Omar Ahmed Suwain ‘Al-Suwaidi, Deputy Secretary of ministry.
In statements on the sidelines of the fourth session of the World Industry and Manufacturing Summit to be held at Expo 2020, Suwainah said the program witnesses the inclusion of leading companies such as “Mubadala”, “Etisalat” and “TAQA”, and many other large companies intend to join the program next year.
Al Suwaidi stressed that the renaissance of the industrial sector in the UAE is as old as the trade union, as the wise leadership has given it all the attention and care until its current contribution has reached more than 9% of GDP.

  • Omar Al Suwaidi
    Omar Al Suwaidi

Attractions
He pointed out that the United Arab Emirates possesses a set of strong and supportive elements for the competitiveness of the industrial sector, the first and most important of which is the vision of smart leadership, which aims to develop a sustainable and diversified economy over the next fifty years.
He said that among the key elements of attraction and competitiveness in the industrial sector in the UAE is the availability of an integrated environment that supports the sector’s growth and competitiveness at the regional and global level, and pointed out that the country has advanced 5 positions globally in the competitive Industrial Performance Index issued by the United Nations Industrial Development Organization (UNIDO), which ranks 30th globally and first in the Arab world for the year 2021. He noted that the UAE has an advanced infrastructure and a strategic geographical location, which constitutes a strong basis for the transformation into a strong and competitive industrial base in the region.
financing facilities
Al Suwaidi pointed out the importance of the financing facilities of the Emirates Development Bank to promote transformation using advanced technology and the solutions of the fourth industrial revolution, when 5 billion dirhams were set aside for the project to adopt advanced technology in industrial institutions, which was launched recently.
The project aims to support the industrial sector in the country to switch to advanced technology applications over the next five years and will provide the necessary funding to companies and industrial institutions seeking to adopt the applications from the fourth industrial revolution and improve their business model. and the quality of their products.
Al Suwaidi said: The project of adopting advanced technology in industrial institutions places the UAE in the ranks of the top ten countries in the world in terms of the application of the technologies of the fourth industrial revolution.
He noted that the program aims to raise the level of industrial productivity by 30% and add about 25 billion dirhams to the economy of the UAE within 10 years.
He explained that the program will develop 500 national companies delivering 4IR technologies in the country by 2031, and develop 100 leading national companies in adopting its technologies.

national strategy
Al Suwaidi said the national strategy for the “Project 300” industry, with its clear ambitions to double the industry’s contribution to the domestic product from 133 billion dirhams to 300 billion dirhams by 2031, would make a qualitative leap in the sector.
He noted that the ministry is seeking to create a radical transformation in the field to adopt the applications of the fourth industrial revolution “4IR” and launch new sectors for future industries and make the UAE a regional and global industrial center over the next ten years.
He noted that the priorities of the national strategy for industry focus on improving and stimulating the industrial performance of existing industries and providing incentives and facilities to attract investment in future industries.
He explained that the strategy was integrated, both at the level of legislation, capacities, resources, supply chains, production methods, stimulation of supply and demand, provision of financial solutions, as well as training programs, as well as incentives to increase the attractiveness of foreign investment and support competitiveness. Emirati products in global markets.
The strategy identified a group of already existing industries and priority industries for the state as efforts are made to improve the performance of existing industries such as machinery and equipment, rubber and plastics, chemicals, heavy industry, electronic and electrical devices and others.

Promising future
Al Suwaidi said: “In the light of the ’50 projects’, we strive to make the UAE a global center for future industries, as well as to become the most active economy and gain digital and technical expertise for the country, so the UAE will be the capital of talent , companies and investments.
The national goals include that industrial growth is in line with the country’s goal of achieving climate neutrality by 2050 through circular economy, hydrogen and others.

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