Most visitors to the United Arab Emirates (UAE) will find that the country prefers to channel its oil money reserves to boost its infrastructure, industry, and real estate markets. Visiting a country gives you a clear sense that there is always a desire to grow figuratively and physically in every project.
From the tallest buildings in the world to the long-standing, routinely used unmanned mass transit systems, a series of first records have already been recorded. And in the post-COVID world, the UAE seems to be intended to promote its own version of the Fourth Industrial Revolution or “4IR”.
At the Global Manufacturing Industrialization Summit (GMIS) 2021 held behind the Dubai Expo on November 22-27, much of Emirati’s discussions went to artificial intelligence (AI), robotics, big data, and machine learning. Focused on strategic investment. An alternative energy source to enhance UAE manufacturing qualifications and how to target them.
As a result, the UAE’s Ministry of Industry Advanced Technology has seen its “advanced technology” mission steadily become more prominent. Sultan Ahmed al-Javert, the managing director and group CEO of Abu Dhabi National Oil Company (ADNOC) and the country’s climate change envoy, himself, seems to be in control.
Al Jaber states that in order to enhance the resilience of the supply chain after COVID, it is necessary to manage the resilience of manufacturing and invest in 4IR. “The two are related, and here in the UAE, we are doing both, prioritizing the sector that offers the highest added value while rapidly adopting and applying new technologies across the manufacturing and industrial sectors. ..
“This is, in fact, the mission of my ministry to help diversify our economy, achieve sustainable growth and ensure industrial competitiveness. Ultimately our goal is UAE. To more than double the industrial sector’s contribution to GDP within 10 years.
The UAE government’s target sectors for unleashing greater value include a new focus on energy, chemicals, plastics, metals, heavy industry, healthcare, electrical equipment, and agritech, biotechnology, advanced manufacturing, and space. It will be. So, according to CEO Khaldoon Al Mubarak, it’s no wonder that the country’s sovereign investment company, Mubardara, is enthusiastic about supporting advanced manufacturing and AI.
“State-of-the-art technology plays a key role in post-COVID recovery. For example, machine learning is moving to pharmaceuticals and saving countless lives. As demand recovers, 4IR pressures the supply chain. We are investing heavily in the field of AI and machine learning. Ultimately, our goal is to pivot and extend 4IR. “
Mubarak also had the opportunity to invite partners to join the UAE on its industrial growth strategy. It’s an invitation that looks like they’ve paid attention. According to Al Mubarak, major trading partners from the United States to the United Kingdom and Australia to Italy have sent GMIS trade delegations to countries rated by the World Bank as “the easiest place to do business.” ..
An important plan for the future path is the UAE’s “Make it with Emirates” campaign, which encourages domestic manufacturing, especially advanced manufacturing with some success. A good example is provided by Strata, an aviation composite structure manufacturer backed by Mubadara.
Founded in 2009, Strata has established partnerships with the world’s leading aircraft manufacturers such as Airbus, Boeing and Leonardo-Finmechanica Aviation Structures, and has achieved Tier 1 supplier status with Pilatus, SAAB and SABCA in just over 10 years. Established.
Ismail Abdulla, CEO of Strata, says his company symbolizes how advanced manufacturing is progressing in the UAE in line with the economic upheaval. “Our entire site was built from scratch in Al Ain, outside of Emirati Desert. About UAE’s first aerospace joint venture, which began production on the site in 2010 and recently supplies the Boeing 777X. Signed a contract with Solvay.
“JV makes us the fourth specialty prepreg carbon fiber supplier in the world. Almost 90% of our workforce is female, a strong sign of our bid for gender diversity. As the UAE’s focus on advanced manufacturing gains momentum, it will continue to maintain its pace. “
That momentum requires energy. And despite having one of the world’s largest oil reserves, the UAE will step up this momentum by doubling its renewable energy footprint and gradually becoming more environmentally friendly. I decided. It may still be just a dream-no puns-but Dubai’s Green Energy Strategy 2050 gives a glimpse of its ambitions.
Under this strategy, 7% of Dubai’s energy demand was met in 2021 through the Mohammed bin Rashid Almaktoum Solar Park. By 2030, that percentage is expected to rise to 25% and by 2050 to 75%, according to a GMIS spokeswoman. The entire paradigm, and what is recently visible in bricks and mortar, is underpinned by the UAE’s technology drive, which welcomes the participation of the world.
Lord Udny-Lister, UK Co-Chair of the UAE-UK Business Council, believes that the world should see UAE’s new opportunities as one of collaboration, not competition. “The UK does do that. For example, the £ 1 billion sent through Mubadara is quite significant, with HM Treasury’s £ 200 million plus £ 800 million. Much is focused on life sciences. Our views are in agreement and we believe that the transfer of knowledge is a common benefit. “
Lord Udny-Lister adds that the UK after Brexit also sees the UAE as an excellent gateway to the Indo-Pacific market. “The operational benefits are clear. English is widely spoken. Companies often follow the English common law, and the UAE has a fintech scene that is as vibrant as the UK.”
Facilitating regulatory frameworks and competitive startup incubators to launch a business are signs of this. James Spence, co-founder of the Libra Project, a blockchain-based renewable energy impact company, said: UAE. My entire renewable energy company is based on blockchain and there are signs that the UAE will become a leader in blockchain technology. “
In addition, Spence said part of the process of promoting a healthy start-up environment is to closely monitor entry into the incubator, like the UAE. “It’s about being cooperative and competitive with a long-term perspective.”
There is still a long way to go, but the probability that the UAE is one of the world’s 4IR leaders seems very high.