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His Excellency Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, affirmed that the wise vision of the wise leadership in the UAE and its directives to develop a sustainable and diversified economy for the next fifty years constitute a global model for economic development based on competitive advantages and an advanced business environment.
His Excellency welcomed the attendees and participants of the World Summit on Industry and Industrialization 2021 in its fourth edition, and called for making full use of the energies of the Fourth Industrial Revolution, which the UAE launched an integrated model for its applications in the industrial field.
This came in the opening speech of the summit, organized by the Ministry of Industry and Advanced Technology in cooperation with the United Nations Industrial Development Organization (UNIDO), and will continue until November 27, and include an industrial exhibition at the Dubai Exhibition Center at Expo 2020 Dubai.
In his speech, His Excellency Dr. Sultan bin Ahmed Al Jaber extended an open invitation to the countries of the world to partner with the UAE in its efforts to enhance international cooperation with the aim of building a bright and prosperous future, and investing in the many promising future opportunities, noting that there is no future for any isolated economy, and that accelerating growth and progress requires concerted efforts, and create an effective and integrated industrial system.
His Excellency shed light on the development of the global industrial sector.. He said: “The first three industrial revolutions contributed to the enhancement of the global GDP and its rise to historical levels.. They also contributed to increasing the average human life expectancy and increasing the average global income by 15 times.. We are witnessing Currently, the beginning of the Fourth Industrial Era, where the technologies of the Fourth Industrial Revolution began to develop the industrial sector, and enhance its contribution to driving global growth and progress.
His Excellency touched on the impact of advanced technologies in enhancing performance efficiency, and gave several examples, including that “3D printing” doubled the productivity of a number of sectors over the past five years, and “machine learning” technologies contributed to the process of developing vaccines during the Covid-19 pandemic, which led To save the time of clinical trials, and saved a large number of lives.. He emphasized the ability of advanced technologies and artificial intelligence to make a positive difference.
His Excellency Dr. Sultan bin Ahmed Al Jaber explained that the national strategy for industry in the UAE focuses on sectors that contribute to achieving high additional value, accelerating the application of modern technologies in all areas of industry and manufacturing, diversifying the economy, achieving sustainable growth, and enhancing the competitiveness of industrial sectors, in order to achieve The goal of the Ministry of Industry and Advanced Technology is to double the contribution of the industrial sector to the country’s GDP in less than ten years.
His Excellency said: “We are working to achieve greater value in the sectors in which we have expertise and competitive advantages, including the energy sector, chemicals, plastics, metals, heavy industries and electrical equipment.. We will focus on investing in priority sectors, including Healthcare, agricultural technology, advanced industries… We also seek to create value in high-performance sectors such as biotechnology and aerospace.”
Regarding future plans, His Excellency explained that the Ministry of Industry will focus on increasing the contribution of the industrial sector to building an economy that is the best and most active globally, in line with the “Fifty Principles” launched by the wise leadership as a comprehensive development plan to promote growth and prosperity in the next fifty years.
His Excellency the Minister of Industry and Advanced Technology stressed that the UAE invites partners to join the process of promoting industrial growth, and depends on the conclusion of smart partnerships to expand its industrial base, taking advantage of the current competitive advantages it possesses from a world-class infrastructure and the advantage of easy access to various energy sources, and a variety of From the raw materials, diversity and cultural openness it dedicates to talent from more than 200 nationalities.
His Excellency pointed out the advantages provided by the UAE, which it is working to enhance by developing regulatory frameworks and providing long-term residence visas for investors, entrepreneurs, and highly skilled professionals, and facilitating access to financing in cooperation with the Emirates Development Bank.
His Excellency referred to the lessons learned from the Corona pandemic for the global industrial and manufacturing sector, which suffered a significant decline with the disappearance of demand in some sectors very quickly, which was followed by the return of high demand at the fastest rates in fifty years, which created unprecedented pressures on global supply chains, which is This requires enhancing the flexibility of supply chains, raising the efficiency of industrial capabilities, controlling and controlling costs, and adopting flexible business models that allow to deal effectively with challenges and take advantage of new opportunities, in addition to diversifying sources of supply, expanding the list of target markets, and strengthening balance sheets through a mixture of cash reserves. financing on appropriate terms, and building partnerships between the public and private sectors.
His Excellency Dr. Sultan bin Ahmed Al Jaber touched on the “fifty projects” launched by the wise leadership in the UAE to lay the foundation for growth for the next five decades, and the advanced position occupied by the industry strategy and advanced technology within these projects. He said: “With the UAE celebrating the fiftieth anniversary of the establishment of the Union, The wise leadership has its vision for a prosperous future for the next fifty years, and the role of industry is to contribute to building the best and most active economy in the world.”
The participation of His Excellency Dr. Sultan bin Ahmed Al Jaber in the activities of the first day of the Summit witnessed meetings with His Excellency the Minister of Industry and Mineral Resources in the Kingdom of Saudi Arabia His Excellency Bandar bin Ibrahim Al-Khorayef, Lord Gerry Grimstone, Minister of Investment in the Ministry of Business, Energy and Industrial Strategy in the United Kingdom, and His Excellency Karen Al-Harr, Minister National infrastructure, energy and water resources in the State of Israel.
His Excellency attended the signing of a memorandum of understanding between the Ministry of Industry and Advanced Technology and Emirates Global Aluminium, which aims to implement the national value-added program on all purchases and contracts for goods and services, cooperate on growth opportunities in the aluminum industry in the United Arab Emirates, and form a joint working committee with the aim of evaluating and discussing the requirements for implementing the program. Providing support and lessons learned from past experiences.
His Excellency also attended the signing of a memorandum of understanding between the Ministry and Dubai Industrial City, which included areas of cooperation, concerted efforts and joint work, especially industrial and advanced technology strategy programs and initiatives, encouraging industrial companies to join the Fourth Industrial Revolution Index Program, participating in the readiness assessment, promoting the activities of the Fourth Industrial Revolution network, and motivating companies To join the National Value Added Program, and work on a package of privileges to attract investments and support the “Make in the UAE” campaign, attract international industrial investors in the current and future industrial sectors, and reduce carbon emissions in the industrial sector in the United Arab Emirates.
His Excellency toured the pavilions of a number of government agencies and international and national companies in the exhibition, including the pavilions of the Abu Dhabi Department of Economic Development, the Saudi Export Development Authority, Siemens, Dubai Industrial City, Adkan Pharma and the Advanced Technology Group. Edge”.
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