The fourth edition of the `` Future Manufacturing and Trade Summit 2019 '' kicked off in Dubai yesterday, with the participation of more than 1000 senior specialists in operations, supply chain, logistics, information technology and manufacturing industries.
The Dubai Export Corporation, the organization of the summit, revealed that the contribution of the industrial sector amounted to 9.2% of the GDP of the Emirate of Dubai in 2018, which reflected on the growth of Dubai's direct exports by 30% in the first quarter of 2019, compared to the same period in 2018.
Multiple topics
Saeed Al-Awadhi, CEO of the Foundation, said the summit will address a range of topics, such as the globalization roadmap for manufacturers in the UAE, the fourth industrial revolution, artificial intelligence, the Internet of Things and warehouse automation.
He stressed the importance of discussing credit insurance and blockchain technology, pointing out that the Foundation seeks, in cooperation with its partners, to provide several services and initiatives, ranging from providing local market information to global markets, verifying exporters and issuing accreditation certificates, in addition to facilitating the organization of meetings between companies , During international trade missions and exhibitions.
Al-Awadhi revealed that recent statistics show that the contribution of the industrial sector amounted to 9.2% of the GDP of the Emirate of Dubai in 2018, which reflected on the growth of Dubai's direct exports by 30% in the first quarter of 2019, compared to the same period in 2018, in addition to 7% increase in re-export activities for the same period.
Sector contribution
Osama Ameer Fadel, Acting Assistant Undersecretary for Industry Affairs at the Ministry of Energy and Industry, said that the industrial sector continues to play a pivotal role in the UAE Vision 2021, which contributes 9.5% of the country's GDP, or 11%. Of non-oil GDP, a growth rate of 4.5% in the last five years, and provides more than 460 thousand jobs.
He emphasized the UAE's commitment to pioneering technical progress, as government initiatives at the federal and local levels, such as the launch of the UAE's Fourth Industrial Revolution Strategy, the National Strategy for Advanced Innovation, the Fourth Industrial Revolution Council, and others, are clear testimony to this trend.
He explained that the Ministry of Energy and Industry is working with its partners, members of the Coordinating Council for Industry in the UAE, to develop an integrated and unified strategy for the industrial sector, taking advantage of the diversity of infrastructure and manufacturing capabilities among the UAE, as well as focusing on four main axes: «fourth industry», «advanced skills “Sustainable Manufacturing” and “Export Promotion”.
Strata plans to add new production lines
The number of shipments exported by the company since the beginning of the launch so far has increased to 3500 shipments, and includes more than 52 thousand pieces of aircraft parts, he said, 8% of the wide-body aircraft in the world fly with parts and parts manufactured in the UAE, specifically in Al Ain.
He told reporters that «STRATA» plans to announce soon the addition of new production lines, to 13 existing lines, and work is underway during the current and next year to complete the new expansion «STRATA PLUS» «Nibras Al Ain Aviation», to produce a vertical stabilizer for aircraft Boeing 787 Dreamliner expects the expansion to be completed by the end of this year, with the first shipment to Boeing by the end of 2020.
He also revealed that the company is working during the next two years and the establishment of the new factory for preparatory reinforcing materials, expected to be ready during the next year, in preparation for obtaining the necessary approvals and approvals to start production, which may take about 12 months.
He stressed that building local capacity is very important, pointing out that building a knowledge economy is one of the main pillars in both the «UAE Strategy 2021» and «Abu Dhabi Strategy 2030».
He pointed to the success of «Strata» in obtaining intellectual property rights to establish a factory «Strata Solvay» advanced materials in the city of Al Ain.
Industrial products
Al-Awadi helped.
Dubai Industrial Development Corporation (EDC) has revealed that the industrial sector is the fourth largest contributor to the economy of Dubai. "The mining sector accounted for at least 26% of the industrial sector in the emirate," said Saed Al Awadhi, CEO of SAMA, adding that the pharmaceutical and electronic equipment sectors are among the highest growth sectors in Dubai Industrial Strategy.
He pointed out that the most important industrial products in Dubai during the first quarter of 2019, was the manufacture of jewelery, precious stones, industrial oils and mining, aluminum, plastic, electrical machinery and equipment, while India, Turkey, Oman, China and Japan, the most important destinations for Dubai industrial exports .