- Sultan Ahmed Al Jaber said innovation, infrastructure and support for SMEs are among key factors in economic transformation
- Sarah Yousif Al Amiri noted country’s investments in technology are already paying dividends in the battle against Covid-19
Abu Dhabi, UAE: His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, chaired a virtual meeting of the Industrial Coordination Council with the participation of Her Excellency Sarah bint Yousif Al Amiri, Minister of State for Advanced Technology, and members of the Council on September 22nd 2020.
The mandate of the Industrial Coordination Council, established in 2016, includes developing a national strategy to boost the UAE’s industrial sector; setting key performance indicators and following up on implementation; proposing initiatives to boost cooperation; and sharing best practice among government entities as well as the private sector. The Council will collaborate with various federal and local government entities and the Industrialist Union Society to update legislation for the sector.
The meeting included discussions on how to empower the industrial sector, strengthen the UAE’s competitive position globally and reviewed efforts to increase its global ranking in different indices.
The Council meeting also included a briefing on how the Ministry, working alongside the relevant authorities and stakeholders, will attract investments to drive the Fourth Industrial Revolution in the UAE and accelerate the national development of an advanced industrial sector.
Alongside the Council, the Ministry is working on a framework for legislative measures, initiatives and policies to encourage sustainable growth and enhance in country value.
His Excellency Dr. Sultan Al Jaber highlighted that the Ministry is actively putting in place all the critical enablers to achieve the vision of the leadership and to lay the foundations of a modern infrastructure for advanced industry and the economy of the future. His Excellency explained that the Ministry is committed to fostering entrepreneurship and creating an eco-system to support SMEs – vital components for stimulating economic growth.
Her Excellency Sarah Al Amiri, Minister of State for Advanced Technology, emphasized the importance of cooperation, the establishment of specialized working groups, and the optimal use of technology. Her Excellency said: “The current pandemic has pushed key industries to adopt the latest technologies in order to continue operating efficiently, which is increasing our economy’s readiness to adopt pivotal Industry 4.0 technologies. Deploying key technologies in existing industries will provide the UAE’s economy with a competitive edge.”