The Pak Banker

UAE signs accords to launch 4th industrial revolution programme

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UAE's Ministry of Industry and Advanced Technology (MoIAT) signed Memorandum of Understand­ing (MoUs) with 12 industrial entities and the Department­s of Economic Developmen­t of Abu Dhabi, Dubai and Ajman to kick-start the newlyannou­nced Fourth Industrial Revolution Programme, known as "UAE Industry 4.0".

Launched as part of Projects of the 50 earlier this month, "UAE Industry 4.0" will accelerate the integratio­n of 4IR solutions and applicatio­ns across the UAE's industrial sector, enhancing UAE's overall industrial competitiv­eness, driving down costs, increasing productivi­ty and efficiency, enhancing quality, improving safety and creating new jobs. The programme aims to increase industrial productivi­ty by 30 per cent and add Dh25 billion to the national GDP.

"In line with our leadership's vision, the Ministry of Industry and Advanced Technology focuses on increasing the industrial sector's contributi­on to the national GDP, enabling economic diversific­ation and transformi­ng to a knowledge-based economy, said Sultan Al Jaber, UAE Minister for Industry and Advanced Technology and ADNOC CEO.

The initiative includes the establishm­ent of the 'Champions 4.0 Network' , in which leading local and internatio­nal companies will unite to share best-practice in the deployment of 4IR technologi­es across the UAE's industrial sector. Participat­ing entities include the Abu Dhabi National Oil Company (ADNOC), EDGE,

Honeywell, Unilever, Ericsson, Schneider Electric, Emirates Global Aluminium, Microsoft, CISCO, SAP, AVEVA and Siemens. The betwork will then support the creation of 100 "lighthouse­s", or WEF-categorize­d I4.0 organisati­ons, by 2031, while also cultivatin­g the optimum business environmen­t to establish or attract 500 tech companies by the same year. These anchor companies will help drive productivi­ty, innovation and efficiency in their respective sectors. Another key pillar of the network, is a programme that will identify, assess and then assist 200 companies ripe for Industry 4.0 transforma­tion.

"UAE boasts a vibrant industrial sector, one that has made a significan­t contributi­on to our rapid economic developmen­t. And with the collaborat­ion between our public, private and academic sectors, we have fostered an enabling industrial ecosystem" said Al Jaber. "UAE Industry 4.0 will build on these competenci­es to accelerate the process of economic diversific­ation already underway," he added.

The first-of-its-kind programme in the Middle East will focus on two parallel tracks: building a foundation for technology within existing industries in the UAE and fostering the developmen­t of new, technology-intensive industries.

Sarah Al Amiri, UAE Minister of State for Advanced Technology, said: "UAE Industry 4.0 is the cornerston­e, and the first step, on which we seek to advance the national industrial sector and enable comprehens­ive and sustainabl­e economic growth." "From the onset, UAE Industry 4.0 was designed to build on our existing strengths including the UAE's I4.0 regulation­s and agile policy developmen­t framework, diverse anchor industries and a world-class ICT infrastruc­ture, while leveraging partnershi­ps from across sectors and industries to capture the promise of the Fourth Industrial Revolution, " said Al Amiri.

"As such, the inclusive and partner-based programme is designed to create initiative­s that raise awareness, encourage knowledge sharing and informatio­n, boost talent and skillset developmen­t and, importantl­y, offer incentives and access to financing through relevant entities such as the AED5bn recently allocated by the Emirates Developmen­t Bank for advanced technology," she added.

Al Amiri added, "The agreements signed today with our economic developmen­t partners in Abu Dhabi, Dubai and Ajman, will support the promotion of 4IR solutions across the UAE's industrial sector."

She went on to say, "Alongside our partners from the DEDs, through creating the Champions 4.0 Network we aim to support emerging, small and medium-sized companies in adopting advanced technology. Through a series of activities and workshops our champions will showcase successful uses and best practices of 4IR and play a pivotal role in driving the technologi­cal transforma­tion of the national industrial sector."

"Ultimately," Al Amiri concluded, "by onboarding our economic developmen­t partners and champions of industry today, we are laying the groundwork to facilitate an enabling industrial ecosystem which can boost the 4IR capabiliti­es that will be critical to the sustainabl­e socio-economic developmen­t of our country."

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