Home Business & Finance H.E. Dr. Al Jaber addresses 3rd Global Manufacturing and Industrialization Summit

H.E. Dr. Al Jaber addresses 3rd Global Manufacturing and Industrialization Summit


News Desk

ABU DHABI: His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, today addressed the third global Global Manufacturing and Industrialisation Summit (GIMS), which convened virtually.

Speaking alongside UN Secretary General Antonio Guterres and UNIDO Director General Mr. Li Yong to an audience of global leaders, policymakers, and chief executives, H.E. Dr. Al Jaber, who serves as the UAE co chair of GMIS, said COVID-19 is accelerating a digital revolution that was already underway across every segment of society and this underlines the importance of the basic mission of GMIS which is to harness the potential of the Fourth Industrial Revolution(4IR).

He highlighted how the UAE was early to recognize the potential of technology to enhance industrial development and cited the recently created Ministry for Industry and Advanced Technology as an example of how the country is leveraging technology to enable industrial development and drive sustainable economic growth.

H.E Dr. Al Jaber said: “The UAE leadership has set the direction for the core mandate of the ministry, which is to enhance national industrial development, increase our competitiveness, reinforce our resilience, and build long-lasting in-country value by accelerating economic diversification.At the center of this mandate is breakthrough technology, which we will leverage to enhance industrial performance and enable better integration between sectors.

“By embracing technology, we will also nurture a knowledge-based economy and create an ecosystem that supports and creates sustainable jobs.We will unlock greater value from sectors where we have existing strengths, including energy, petrochemicals, metals, and logistics.We will target sectors that strengthen our self-sufficiency, including water and food and agriculture.And we will create value in new high growth sectors like biotech, health, and pharma,” he added.

He emphasized that the pandemic has shown that global supply chains are only as strong as their weakest link and the UAE is harnessing technology to reinforce its supply chains.

“The pandemic has pushed countries to build buffers into their inventories, reinforce their resilience, and embrace the innovations of the 4IR (fourth industrial revolution). The UAE believes that advanced technologies have a vital role to play in protecting and enhancing global supply chains from global shocks.

“AI can transform the performance of our industrial and manufacturing sectors.Big data can give us faster insights into gaps and vulnerabilities. And machine learning can transfer essential knowledge and expertise from one sector to another,” H.E. Dr. Al Jaber said.

H.E. Dr. Al Jaber concluded by sending an open invitation for cooperation saying. “In fact, throughout the UAE’s history, the spirit of partnership has defined our approach to providing positive solutions to global challenges, and the UAE is more than ready to play its part as a constructive partner to all who wish to work with us.”

The Global Manufacturing and Industrialisation Summit (GMIS) was established in 2015 as an industry platform to build bridges between manufacturers, governments & NGOs, technologists, and investors in harnessing the Fourth Industrial Revolution’s transformation of manufacturing to the regeneration of the global economy. A joint initiative by the United Arab Emirates and the United Nations Industrial Development Organization (UNIDO), GMIS is a platform that presents the manufacturing sector with an opportunity to contribute towards global good, working to the benefit of all.H.E. Dr. Al Jaber serves as the co-chair of GMIS, alongside Mr. Li Yong, Director General of  UNIDO.

Load More Related Articles
Load More By Rafiq Vayani
Load More In Business & Finance

Check Also

His Highness Sheikh Abdulaziz bin Humaid Al Nuaimi awards first BV Certification to Ajman Saray

AJMAN: In line with the Ajman Tourism Development Department’s guidelines and precautionar…