December 9, 2021

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Under Secretary, Ministry of Industry and Advanced Technology: Application of "Value Added Value" to all Federal Corporations by the end of the year

Under Secretary, Ministry of Industry and Advanced Technology: Application of “Value Added Value” to all Federal Corporations by the end of the year

Youssef Al Arabi (Dubai)

Undersecretary Omar Ahmed Shuwain al-Shwaidi said the “National Value Added Plan,” recently launched by the Ministry of Industry and Advanced Technology, would be implemented in fifty projects in all federal agencies by the end of this year. Of the Ministry.
On the sidelines of the fourth session of the Global Industry and Manufacturing Summit to be held at Expo 2020, Suwainah said the project was a testament to the inclusion of leading companies such as Mubatala, Etisalat and Takwa. Many large companies plan to join the program next year.
Al-Shuwaidi stressed that the industrial renaissance in the United Arab Emirates is as old as trade unionism, because the wise leadership has given all its attention and concern until its current contribution reaches 9% of GDP.

  • Omar al-Suwaidi

Gravities
He pointed out that the UAE has strong and supportive elements for the competitiveness of the industry. Years.
He said that one of the most important components of gravity and competitiveness in the industrial sector in the United Arab Emirates is that there is an integrated environment that supports the growth and competitiveness of the sector at the regional and global levels, pointing out that Country 5 is advanced. Global rankings in the Competitive Industrial Performance Index released by the United Nations Industrial Development Organization (UNIDO), where it ranks 30th globally and ranks first in the Arab world in 2021. The UAE’s advanced infrastructure and strategic geographical location make it a strong base for transforming the region into a strong and competitive industrial base.
Financial facilities
Al-Swaidi pointed out the importance of Emirates Development Bank’s financial facilities to promote change using advanced technology and solutions for the Fourth Industrial Revolution, as 5 billion dirhams has been allocated for the project to adopt advanced technology in industry. Recently.
The project aims to transform the country’s industry towards advanced technological applications over the next five years, and to provide the necessary funding for companies and industry organizations that want to adopt the applications of the Fourth Industrial Revolution and improve their business model. The quality of their products.
Al-Swaidi said: The plan to adopt advanced technology in industry puts the United Arab Emirates in the top ten countries in the world in terms of applications of technologies of the Fourth Industrial Revolution.
He said the aim was to add 25 billion dirhams to the UAE economy within 10 years and increase industrial production by 30%.
He explained that the project will upgrade the 500 national companies providing 4IR technologies in the country by 2031 and the 100 leading national companies in adopting its technologies.

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National Strategy
Al-Swaidy said the National Plan for Industry “Project 300”, with its clear ambitions to double the industry’s contribution to GDP from 133 billion dirhams to 300 billion dirhams by 2031, would lead to a qualitative improvement in the sector.
He noted that the Ministry seeks to embrace the applications of the Fourth Industrial Revolution and launch new sectors for future industries and to bring about a radical change in the sector that will transform the UAE into a regional and global industrial hub in the next ten years. .
He noted that the priorities of the National Strategy for Industry are focused on improving and stimulating the industrial performance of existing industries and providing incentives and facilities to attract investment in future industries.
He explained that the strategy is integrated into two areas: law, skills, resources, supply chains, production methods, supply and demand stimulus, finance solutions delivery, training programs, as well as incentives to increase foreign investment attraction. Supports the competitiveness of Emirati products in global markets.
The strategy identifies the existing industries and the group of priority industries for the state as work is being done to improve the performance of machinery and equipment, rubber and plastics, chemicals, heavy industries, electronics and electrical equipment and other industries. .

A promising future
Al-Swaidi said: “In light of the” 50 projects “, we want to make the UAE a global hub for future businesses, to become a more vibrant economy and to achieve digital and technological excellence for the country.” Talent will be the capital of companies and investments.
The national goals include industrial development in line with the country’s goals of achieving climate neutrality by 2050 through the environment, hydrogen and others.

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