PHOTO
Dubai, United Arab Emirates: Immensa Technology Labs, the UAE’s leading Additive Manufacturing (AM or 3D printing) company, which was launched based on the Dubai 3D Printing Strategy announced by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to promote the status of the UAE and Dubai as a leading hub for 3D-printing technology by 2030, has revealed that it has witnessed a surge in demand for 3D printing due to the disruption in the global supply chain as a result of global economic challenges. Local, regional, and international companies have turned to 3D printing as an alternative source of procurement for spare parts and products.
Immensa has seen rapid growth of 3D printing demand by progressive companies who are switching to the local production and procurement of spare parts using the most advanced additive manufacturing processes. This is in line with the ‘Dubai 3D Printing Strategy’ which enables companies to localise their supply chains and reduce their reliance on imports.
In his comments on the recent findings, Fahmi Al Shawwa, CEO & Founder of Immensa Technology Labs, said: “Building two world-class, 3D-printing facilities, one for metal 3D printing and another for polymers, in such a short period, is a testament to the dynamism of the UAE and our various partners, including Sharjah Research Technology and Innovation Park.” The market for 3D printing of spare parts in the UAE is expected to reach $600 million by the end of 2023. Fahmi added “The eco-system in the UAE enabled us to build a world-class organisation and take charge of the production of metal and polymer spare parts and components for companies from across the world for their regional operations.
Immensa, which was established in Dubai in 2016, has operations in Sharjah and Kuwait, and will soon be launching its Saudi branch. It started with four people and today boasts a team of more than 20 engineers, catering to companies from across Europe and the Middle East.
Al Shawwa continued: “The vision of HH Sheikh Mohammad bin Rashid Al Maktoum is being fulfilled, and the government is providing UAE-based companies with an opportunity to counter the disruptions taking place in global supply chains. This will keep them competitive and able to maintain their operations with minimal efforts.”
© Press Release 2020Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
