UAE Minister of Industry and Advanced Technology calls for public private partnership approach to industrial development

Engages in dialogue with Industrial Coordination Council and key business leaders in first-of-its-kind collaborative session

  
UAE Minister of Industry and Advanced Technology calls for public private partnership approach to industrial development

Presents mandate and goals of MoIAT and leadership’s vision to enhance the UAE’s Industrial Growth and Competitiveness

Sultan Ahmed Al Jaber stressed importance of innovation, research, and the development and adoption of advanced technologies of the Fourth Industrial Revolution

Sarah Yousif Al Amiri highlighted importance of aligning 4IR technologies, new industrial clusters, and R&D output with needs of industry

Abu Dhabi: His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, held his first meeting with the members of the Industrial Coordination Council (ICC), outlining the leadership’s vision to advance the nation’s industrial sector and the critical role the ICC will play in supporting the Ministry’s mandate.

His Excellency Dr Al Jaber, who was joined in the virtual meeting by H.E Sarah Al Amiri, Minister of State for Advanced Technology, made clear his commitment to working with the ICC and directly with the private sector, in particular to increase the UAE’s in country value by nurturing the SME sector and creating sustainable jobs.

For the first time, the ICC meeting also included key members from the UAE private sector, who engaged with the group on their views on how to enhance current regulatory and policy challenges in order to empower industrial sector growth and sustainability in the UAE.

Dr. Sultan Al Jaber said: “We have a formidable opportunity ahead to realize the ambitions of our leadership, play a pivotal role in the future of our national economy and achieve the three national priorities set forth which include empowering national industrial development, ensuring in country value and raising the competitiveness of our industries.

“A key enabler for success will be an active engagement with both the public and private sector to ensure regulatory and legislative frameworks are optimal, relevant and adapt to the realities of today and are flexible enough to provide the right platform for the change and growth our leadership envisages in the decades ahead,” he said.

“We must leverage the fundamental building blocks that are already in place, including our world-class logistics infrastructure, unique energy assets and a leading position in technological innovation and AI education, to drive our economy into the fourth industrial age,” said Dr. Al Jaber.

Dr. Al Jaber added: “Through our work with the Council and its working groups, we will align on goals and initiatives; identify, consult on and resolve issues at Emirate and federal levels; test and prototype policies before they are rolled out; and engage with the industries, technology leaders and companies as a listening, constructive partner.”

Her Excellency Sarah Al Amiri, Minister of State for Advanced Technology, said: “What is critically important is that we align our efforts in adopting 4IR technologies – including the Internet of Things, real time data analytics and robotics - to enable and support current industries. Our objective must be to drive efficiencies, economies and evolutions in their production and fabrication processes, and to position the UAE as a driver of change and development for industry. As part of those efforts, we will establish new industrial clusters that both utilize and develop advanced technologies - supporting home-grown enterprises and attracting investors and investment. As a Ministry, we will work with our partners in public and private sectors to concentrate research and development efforts and output on the technological needs of the industrial sector for the benefit of today’s and tomorrow’s economies.”

The Ministry aims to implement the vision of the leadership by enhancing the contribution of advanced technology to the sustainability of economic growth, raising the efficiency and competitiveness of the industrial sector in the country and supporting strategic industries that contribute to advancing the national economy and increasing the gross domestic product.

-Ends-

About the Ministry of Industry and Advanced Technology

The UAE Ministry of Industry and Advanced Technology, established in July 2020, is mandated with strengthening the UAE’s industrial sector, specifically by drawing on the advanced technology and tools of the Fourth Industrial Revolution.

The Ministry has three overarching goals: Strengthening the UAE’s industrial base, ensuring in country value, and raising the competitiveness of local industries. By enhancing the contribution of advanced technology, the Ministry will support the country’s sustainable economic growth, and ensure GDP contribution from the industry sector.  

The Ministry will draft policies, laws and programmes to create a world-class industrial development framework for the nation that will help attract foreign direct investment, boost In-Country Value creation, support national entrepreneurship, drive job creation, and boost exports of ‘Made in UAE’ products.

From encouraging the establishment of industrial complexes to raising local capacity in advanced technology, the Ministry will accelerate industrial development in a bid to drive economic growth, diversification, value retention and national self-reliance.

About the Industrial Coordination Council

The ICC, launched in 2016, is tasked with helping develop a national strategy to boost the UAE’s industrial sector, setting key performance indicators, proposing policies and initiatives to boost cooperation, and liaising with relevant government entities as well as the private sector.

The council is made up of members from federal and national level ministries and entities including the  Ministry of Climate Change and Environment; the Industry Development Office in Abu Dhabi; the Departments of Economic Development of Dubai, Sharjah, Ajman, Umm Al Quwain and Ras Al Khaimah; the Fujairah Department of Industry and Economy; the Federal Competitiveness and Statistics Authority; the Emirates Authority for Standardization and Metrology; the Federal Customs Authority; the Federation of UAE Chambers of Commerce and Industry; and the Industrialist Union Society.

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2020

Disclaimer: 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.

More From Press Releases