LI Yong, Director General of the United Nations Industrial Development Organization (UNIDO), added that the Fourth Industrial Revolution represents the convergence of manufacturing and digital industries, and pointed to drone technology already being used for precision agriculture and food security. LI Yong further added that the potential positive impact of the Fourth Industrial Revolution for mankind cannot be overstated and that GMIS was created to promote this technology within the manufacturing sector.
H.E. Denis Manturov, Minister of Industry and Trade of the Russian Federation, emphasised the Fourth Industrial Revolution is characterised by a focus on digitalisation and artificial intelligence. As all countries embrace a new industrial paradigm, Manturov said, they must embrace the important task of rebuilding the biosphere and the key to this is the introduction of nature-inspired technologies.
H.E. Khaldoon Al Mubarak, Group CEO of Mubadala Investment Company, highlighted that diversification for investment companies is key, pointing out that in their 20 years of operations, the company’s investment portfolio has gone from being 100% focused on the energy sector to under 20% today. He praised the vision of His Highness Sheikh Mohammed bin Zayed, and said the UAE leadership placed great emphasis on how the country was diversifying as an economy beyond oil & gas.
The keynote panel also focused on the increased investment in renewable energy and artificial intelligence and the role it plays in automation as well as its potential to have a disruptive impact on how people work. Minister Al Mazrouei mentioned the UAE Energy Strategy 2050 which calls for the diversification of energy sources, with a focus on clean energy. Meanwhile, LI Yong commended the countries in the Middle East for their renewable energy strategies.
Both Minister Manturov and Khaldoon Al Mubarak emphasised the importance of human experience and human abilities in the creation of artificial intelligence. Khaldoon Al Mubarak also reiterated that the human component when it comes to AI is fundamental. He noted that every industry will be impacted dramatically by AI within the next 10 years, and most within five. Companies and industries that embrace this quickly, he said, will be winners.
Speaking about the challenges to the Sustainable Development Goals (SDGs), Minister Manturov mentioned protectionism and said that as the minister of industry and trade for the Russian Federation, he is often asked about whether he has a plan B if a new package of sanctions were to be imposed on Russia. While he admitted he could not predict every time the White House would decide to slap sanctions ofon Russia, he said that every time sanctions were imposed the country had to find a way to produce the products. Russia is open and ready to co-operate internationally, he stated, and hoped that common sense would prevail so that there is no more protectionism and unfair competition.
LI Yong concluded by saying that GMIS is a very important forum for advancing the global agenda to transform manufacturing. Driving a dialogue around the role that manufacturers must play to support and advance the SDGs is top of the Summit’s agenda, with special sessions dedicated to exploring ways in which industrial development can help tackle issues such as world poverty and hunger, while safeguarding the environment and ensuring social inclusion.
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The Global Manufacturing and Industrialisation Summit (GMIS) was established in 2015 to build bridges between manufacturers, governments and NGOs, technologists, and investors in harnessing the Fourth Industrial Revolution’s (4IR) transformation of manufacturing, to enable the regeneration of the global economy. A joint initiative by the United Arab Emirates and the United Nations Industrial Development Organization (UNIDO), GMIS is a platform that presents the manufacturing sector with an opportunity to contribute towards global good, and that is committed to bringing benefit to all. As the world’s first cross-industry initiative, GMIS offers a platform for leaders to engage on the issue of the future of manufacturing, highlighting the need for greater investment in capabilities to foster innovation and drive skills development on a global scale. Uniting key stakeholders - including world leaders, industry CEOs, and specialist researchers and academics - GMIS has placed manufacturing at the heart of economic transformation and government policy-making, promoting it as a tool for global cooperation and collaboration.
The first edition of the Global Manufacturing and Industrialisation Summit was held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, at the Paris Sorbonne University Abu Dhabi in March 2017. It brought together over 3,000 leaders from government, business, and civil society from over 40 countries to advance manufacturing and industrial development globally, and to identify key trends and opportunities across 6 themes.
© Press Release 2019