globalbizmag.com
The United Arab Emirates (UAE) has planned to enhance the industrial output and steady economic growth by changing conventional ideas of the manufacturing process with integrating advanced technology and innovation.
The ambitious goal of the national industrial strategy, according to Sultan Al Jaber, UAE Minister of Industry and Advanced Technology (MoIAT), is for the UAE to become a regional and global hub for future industries, he said last year at the 85th General Meeting of the International Electrotechnical Commission (IEC) in Dubai.
It is the crux of the Fourth Industrial Revolution (4IR) recently announced by H.E Sultan Al Jaber to broaden the scope of manufacturing practices by extensively deploying innovative ideas and emerging technologies towards adding greater economic value.
The 4th Industrial Revolution (4IR) is a fusion of advances in artificial intelligence (AI), robotics, the Internet of Things (IoT), genetic engineering, quantum computing, and more.
The 4IR is an important part of the UAE’s Operation 300Bn aims to expand the manufacturing sector’s contribution to the national GDP to Dh.25 billion in the next 10 years by enhancing industrial productivity by 30 %.
Al Jaber said that they are targeting sectors like energy, plastics, chemicals, metals, heavy manufacturing, healthcare, electrical equipment, agri-tech, advanced manufacturing, and space.
These discussions taking place in Dubai center around strategic investing in artificial intelligence ((AI), robotics, big data, machine learning, and alternative energy sources.
Dubai Industrial City Managing Director Saud Abu Al-Shawareb said “With more than 250 operational factories, we make heavy contributions to the country’s GDP and revenue”.
He further said that UAE is no longer an importing country. They want to restructure the country as a strong sustainable and economically progressive country.
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