Engineer Saed Al Awadi, CEO of Dubai Exports, commented: “The Future Manufacturing & Trade Summit seeks to address a range of topics such as the Globalisation Roadmap for UAE manufacturers, the Fourth Industrial Revolution, Artificial Intelligence, Internet of Things and Warehouse Automation in addition to securing credit, integration of blockchain and other important topics. Speakers will also shed light on the future workforce of the industrial sector, trade finance, and e-commerce.”
Dubai Exports, in cooperation with partners in government and the industry, seeks to provide varied services and initiatives to boost manufacturing and exports, including information on global markets, exporter verification and issuing certificates of accreditation, said Al Awadi. “We also facilitate meetings between companies during trade missions and international exhibitions. Our efforts have helped the industrial sector contribute 9.2% to Dubai’s GDP in 2018. We have also seen a 30% increase in Dubai’s direct exports between the first quarters of 2018 and 2019 while re-exports increased 7% along the same period.”
His Excellency Engineer Osama Amir Fadhel, Acting Assistant Undersecretary of Industrial Affairs, Ministry of Energy & Industry, told the Summit that the industrial sector has a pivotal role in the UAE’s 2021 Vision. “The sector contributes to around 9.5% of the country's GDP, which is equivalent to 11% of the non-oil GDP, with a growth rate of 4.5% in the last five years. It also provides more than 460,000 job opportunities. Almost half of the sector's contribution to GDP comes from industrial capacities that employ high or medium-level technologies and skills. All these indicators reflect the strength and flexibility of this sector.”
However, as the global economy entered the fourth industrial revolution and artificial intelligence, physical and digital tools and technologies brought new challenges which caused radical transformations in various dimensions across the value-added and supply chains, added Amir Fadhel. “The traditional industrial concepts such as ‘Total Quality Management,’ ‘Lean Manufacturing,’ and others have also changed into new concepts which weren’t present less than 10 years ago. Today, it covers the industrial landscape such as 3D manufacturing, automation and robotics, and digitization. Together, these tools have provided exceptional opportunities that were not previously available to improve productivity, efficiency, and competitiveness.”
Reiterating the UAE's commitment to pioneering technical progress Amir Fadhel said government initiatives at the federal and local levels, such as the launch of the UAE's Fourth Industrial Revolution Strategy, the National Strategy for Advanced Innovation, the UAE Council for the Fourth Industrial Revolution, and others are clear testimonies to this trend.
The Ministry of Energy and Industry is working with its partners in the UAE's Industrial Coordination Council to develop an integrated and unified strategy for the country's industrial sector, benefiting from the diversification of infrastructure and manufacturing capabilities among the emirates, Amir Fadhel said. It focuses on four main themes: Fourth Industry, Advanced Skills, Sustainable Manufacturing, and Export development through integration with global supply chains, building on existing success stories of the aluminum and aviation sectors.
The Summit also features an exhibition where 21 leading technology and service providers showcase their latest products that support the growing manufacturing market in the region. The exhibitors include Ras Al Khaimah Free Zone, Daifuku, Epicor, Etihad Credit Insurance and Al Sajaa Industrial Oasis, Ajman Chamber, 3i Infotech, ANT Industrial Software Solutions, Dubai South, DB Schenker, and Ajman Free Zone, among others.
The opening day of the Summit saw a presentation by Mohammed Al Kamali, Deputy CEO, Dubai Exports, on Dubai's industrial sector and the key performance plan based on the Dubai Industrial Strategy 2030. It was followed by a panel discussion titled ‘Dubai by 2030 – a Global Platform for Knowledge-based, Sustainable and Innovative Industries,’ which provided an overview of the factors transforming future manufacturing in Dubai, most importantly SMEs and innovation. Speakers included Marwan Abdul Aziz Al Janahi, Executive Director of Dubai Science Park; Saud Abu Al Shawareb, Managing Director, Dubai Industrial City; Mohammed Ibrahim Ishaq, Director, Property & Sales Management, Dubai Maritime City; and Dr. Zain Tahboub, Senior Advisor at Dubai Aviation Engineering Projects.
Mohammed Al Balooshi from the Free Zone Authority shared the highlights of the Dubai Silk Road Strategy and its importance to global trade. Dr. Majida Al Azazi, Chief Executive Officer, Sandstorm Automotive Factory, recognized as the first to manufacture 4WD vehicle here in the UAE, also participated in the panel discussion on exploring and adapting modern manufacturing and production technologies.
The second day of the Summit will also see a series of panel discussions led by industry executives and decision-makers in the UAE and the region, including Dr. Andreas Schwer, CEO, Saudi Arabian Military Industries; Namrita Mahindro, Senior General Manager, Digital Transformation & Innovation, Mahindra Group, India; Khalid Jalal, Senior Group ICT Manager, GARMCO – Bahrain and Basil Al-Hussein, Branch Manager – Dubai, International Islamic Trade Finance Corporation.
More information on the Future Manufacturing and Trade Summit is available at http://www.manufacturingtrade.com/ . Follow the Summit on social media with the hashtag #FMTS.
About Dubai Exports
Dubai Exports, an agency of Dubai Economy (Department of Economic Development - Government of Dubai), commenced operations in 2007. The Dubai Exports’ mandate is to facilitate trade from Dubai and establish itself as a world-class export development and promotion body by creating an enabling environment for Dubai’s exporters. Dubai Exports has developed a range of value-added trade support services to UAE-based firms exporting through Dubai, for accelerated and profitable expansion of their businesses in foreign markets.
For further information, please contact:
Government Communication Division, Dubai Economy, Tel: (971 4) 445 5927, Email: firstname.lastname@example.org
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© Press Release 2019