Emirati industry investment growth innovation
AlEtihad (nprofile…yefn)
Yousuf Arabi (Abu Dhabi) under the slogan «Make in the UAE», continued to drive efforts to boost the national industry's growth, development, and competitiveness, and to attract and retain investments, and to solidify its position as a global manufacturing and innovation hub, through a comprehensive system of initiatives, programs, and projects. The Ministry of Industry and Advanced Technology, in collaboration with government and private sector partners, launched supporting programs and initiatives, and held conferences and events that contributed to achieving several objectives, including attracting local and foreign investments, enhancing the role of technology in the industrial sector, and achieving an economic impact that boosts the country's GDP, in addition to accelerating the development of laws and regulations related to the technological transformation program. The ministry achieved a qualitative leap in industrial competitive performance indicators and a significant increase in the capabilities, incentives, and benefits offered to investors and various financial solutions developed and supported national industries, improving their quality and international competitiveness. The national content program, a project under the Ministry of Industry and Advanced Technology, and one of the «50 Projects» of the UAE, achieved a qualitative leap in performance with the expansion of its scope during the first half of the current year, resulting in redirecting more than AED 48 billion to the national economy, which underscores the importance of the role of capabilities and incentives provided to support the growth, competitiveness, and prosperity of national industrial and service companies. The program was expanded to include 31 federal and local government entities and several major national companies in the country. This comes within a comprehensive approach by the ministry under the «National Strategy for Industry and Advanced Technology» and the «Make in the UAE» initiative, which works through integration with strategic partners in the government and private sectors to support the growth and impact of the program, and launch more initiatives to enhance national content. The growth and competitiveness of companies that have obtained the program's certificates, which reached AED 205 billion by mid-2024, a 20% increase compared to the same period last year, reflects the program's economic impact, whether on attracting investments in the UAE or on the country's investment climate, which encourages more foreign and local industrial investments in the industrial sector. The program's total value, which reached AED 48 billion in the first half of the current year, exceeded the total value achieved in 2021, which was AED 41.4 billion, and the national spending of companies on local purchases and services increased annually, reaching AED 53 billion in 2022, a 25% increase compared to 2021, and AED 67 billion in 2023, a 26% increase, which is a stimulating rate for companies and suppliers, reflecting the large opportunities offered. The third edition of the «Make in the UAE» forum was launched in May, under the slogan «Invest... Innovate... Grow», to highlight the country's success in developing the sector, and increasing its contribution to the GDP within the economic diversification plans. The 2024 edition, organized by the Ministry of Industry and Advanced Technology, in collaboration with the Abu Dhabi Department of Economic Development and «Adnoc», saw prominent local and international participation from decision-makers, government officials, local and international companies, investors, experts, entrepreneurs, and financiers, and is considered one of the most important specialized events in the industrial sector in the UAE and the region. The 2024 edition of «Make in the UAE» showcased the most prominent results of the initiatives announced in the first and second editions of the forum, in addition to announcing the winners of the «Make in the UAE» awards, and attendees were able to visit the accompanying exhibition, which showcased the most prominent industrial opportunities and locally manufactured products, with the participation of 44 major industrial companies. The «Manufacturers» exhibition was held for the third time, from October 28 to 30, and the third edition built on the achievements of the first and second editions, which provided more than 1,400 quality jobs for Emirati professionals in the industry and technology sector, including 150 jobs suitable for individuals with disabilities, in addition to organizing two special events at the «Manufacturers» exhibition in Ras Al Khaimah, which provided more than 200 jobs, bringing the total to 1,600 jobs within a year since the exhibition's launch in October last year, which contributed to a qualitative leap in the number of Emiratis working in the private industrial sector. The third edition of the exhibition provided more than 900 new jobs, including more than 100 jobs suitable for individuals with disabilities. The technological transformation during 2024 saw the launch of the Ministry of Industry and Advanced Technology's guide to industrial transformation cases, providing manufacturers and stakeholders with detailed information on successful experiences, visions, and recommendations for adopting Industry 4.0 technologies and sustainability initiatives in the industrial sector. The comprehensive guide included more than 90 cases of use, extracted from 1530 applications of Industry 4.0 and sustainability initiatives. The guide provides companies, especially small and medium-sized enterprises, with an opportunity to enhance their performance and efficiency, in line with local and international best practices. The percentage of manufacturers who integrated Industry 4.0 applications into their work reached 32%, which shows the rapid pace of sector development, and offers companies, especially small and medium-sized enterprises, the opportunity to enhance their performance and efficiency, in line with local and international best practices.
https://www.aletihad.ae/news/%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA/4540712/%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%86%D9%85%D9%88-%D8%A7%D8%A8%D8%AA%D9%83%D8%A7%D8%B1
Yousuf Arabi (Abu Dhabi) under the slogan «Make in the UAE», continued to drive efforts to boost the national industry's growth, development, and competitiveness, and to attract and retain investments, and to solidify its position as a global manufacturing and innovation hub, through a comprehensive system of initiatives, programs, and projects. The Ministry of Industry and Advanced Technology, in collaboration with government and private sector partners, launched supporting programs and initiatives, and held conferences and events that contributed to achieving several objectives, including attracting local and foreign investments, enhancing the role of technology in the industrial sector, and achieving an economic impact that boosts the country's GDP, in addition to accelerating the development of laws and regulations related to the technological transformation program. The ministry achieved a qualitative leap in industrial competitive performance indicators and a significant increase in the capabilities, incentives, and benefits offered to investors and various financial solutions developed and supported national industries, improving their quality and international competitiveness. The national content program, a project under the Ministry of Industry and Advanced Technology, and one of the «50 Projects» of the UAE, achieved a qualitative leap in performance with the expansion of its scope during the first half of the current year, resulting in redirecting more than AED 48 billion to the national economy, which underscores the importance of the role of capabilities and incentives provided to support the growth, competitiveness, and prosperity of national industrial and service companies. The program was expanded to include 31 federal and local government entities and several major national companies in the country. This comes within a comprehensive approach by the ministry under the «National Strategy for Industry and Advanced Technology» and the «Make in the UAE» initiative, which works through integration with strategic partners in the government and private sectors to support the growth and impact of the program, and launch more initiatives to enhance national content. The growth and competitiveness of companies that have obtained the program's certificates, which reached AED 205 billion by mid-2024, a 20% increase compared to the same period last year, reflects the program's economic impact, whether on attracting investments in the UAE or on the country's investment climate, which encourages more foreign and local industrial investments in the industrial sector. The program's total value, which reached AED 48 billion in the first half of the current year, exceeded the total value achieved in 2021, which was AED 41.4 billion, and the national spending of companies on local purchases and services increased annually, reaching AED 53 billion in 2022, a 25% increase compared to 2021, and AED 67 billion in 2023, a 26% increase, which is a stimulating rate for companies and suppliers, reflecting the large opportunities offered. The third edition of the «Make in the UAE» forum was launched in May, under the slogan «Invest... Innovate... Grow», to highlight the country's success in developing the sector, and increasing its contribution to the GDP within the economic diversification plans. The 2024 edition, organized by the Ministry of Industry and Advanced Technology, in collaboration with the Abu Dhabi Department of Economic Development and «Adnoc», saw prominent local and international participation from decision-makers, government officials, local and international companies, investors, experts, entrepreneurs, and financiers, and is considered one of the most important specialized events in the industrial sector in the UAE and the region. The 2024 edition of «Make in the UAE» showcased the most prominent results of the initiatives announced in the first and second editions of the forum, in addition to announcing the winners of the «Make in the UAE» awards, and attendees were able to visit the accompanying exhibition, which showcased the most prominent industrial opportunities and locally manufactured products, with the participation of 44 major industrial companies. The «Manufacturers» exhibition was held for the third time, from October 28 to 30, and the third edition built on the achievements of the first and second editions, which provided more than 1,400 quality jobs for Emirati professionals in the industry and technology sector, including 150 jobs suitable for individuals with disabilities, in addition to organizing two special events at the «Manufacturers» exhibition in Ras Al Khaimah, which provided more than 200 jobs, bringing the total to 1,600 jobs within a year since the exhibition's launch in October last year, which contributed to a qualitative leap in the number of Emiratis working in the private industrial sector. The third edition of the exhibition provided more than 900 new jobs, including more than 100 jobs suitable for individuals with disabilities. The technological transformation during 2024 saw the launch of the Ministry of Industry and Advanced Technology's guide to industrial transformation cases, providing manufacturers and stakeholders with detailed information on successful experiences, visions, and recommendations for adopting Industry 4.0 technologies and sustainability initiatives in the industrial sector. The comprehensive guide included more than 90 cases of use, extracted from 1530 applications of Industry 4.0 and sustainability initiatives. The guide provides companies, especially small and medium-sized enterprises, with an opportunity to enhance their performance and efficiency, in line with local and international best practices. The percentage of manufacturers who integrated Industry 4.0 applications into their work reached 32%, which shows the rapid pace of sector development, and offers companies, especially small and medium-sized enterprises, the opportunity to enhance their performance and efficiency, in line with local and international best practices.
https://www.aletihad.ae/news/%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA/4540712/%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%86%D9%85%D9%88-%D8%A7%D8%A8%D8%AA%D9%83%D8%A7%D8%B1