Read the work plan, goals and tasks of the Ministry of Industry and Advanced Technology
Mohammed bin Rashid: The post-"Covid-19" economy requires national industrial security
Mohammed bin Rashid during his briefing on the work plan and goals of the ministry in the presence of Hamdan bin Mohammed and Mansour bin Zayed. WAM
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His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, affirmed that the post-"Covid-19" economy requires national industrial security, at a time when we need flexible thinking and new tools.
His Highness, during his review of the work plan and objectives of the Ministry of Industry and Advanced Technology, yesterday identified three national priorities in the industrial sector, which are: “Achieving industrial security, enhancing local added value, and competitively raising the efficiency of national industries.”
National priorities
In detail, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, was informed of the presence of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Affairs Presidency, based on the action plan and objectives of the Ministry of Industry and Advanced Technology, which was newly created in the last ministerial formation, which His Highness announced on July 5, 2020.
His Highness Sheikh Mohammed bin Rashid Al Maktoum said: “We have three national priorities in the industrial sector: achieving industrial security, enhancing local added value, and raising the efficiency of our industries competitively.”
His Highness added, "The role of the Ministry of Industry and Advanced Technology will be pivotal in our future national economy, and we look forward to achieving rapid results in the coming period."
His Highness added: “We have proven that our actions and our achievements are at the level of our dreams and aspirations .. We want to dream bigger and achieve more,” stressing that the post-"Covid-19" economy requires national industrial security, at a time when we need flexible thinking and new tools.
His Highness said in a tweet on Twitter yesterday: “We have finally formed in the UAE a Ministry of Industry and Advanced Technology .. Today it has adopted its plan of action, and its priorities are: National industrial security .. and the competitiveness of our national products globally .. and enhancing the added value of our economy .. All the best. For the distinguished work team, from which we expect positive results in the near future.
Sector development
The establishment of the Ministry comes to work to develop and advance the industrial sector in the country, in order to meet the requirements of the next stage in the accelerated development process, which is proceeding towards strengthening the UAE's approach to building and consolidating a knowledge economy based on advanced science and technology and related industries, within the leadership's vision that is based on foresight Future challenges, and addressing them through innovative tools and solutions, and investing in all human and material resources and capabilities to achieve societal well-being and economic empowerment, in parallel to building qualified and empowered human capabilities capable of leading this vital sector and moving it to new development horizons.
The strategy of the Ministry of Industry and Advanced Technology comes within the new vision of the UAE government system for the post-"Covid-19" period, within the framework of the recent ministerial formation, which seeks to develop mechanisms for government action in a comprehensive manner, so that the UAE government is flexible and enjoys the greatest effectiveness and efficiency. And that by merging ministries, and creating others that are compatible with the requirements of the next phase.
Al-Jaber: Supporting industrial start-ups
The Minister of Industry and Advanced Technology, Dr. Sultan bin Ahmed Al-Jaber, said, “The tasks of the Ministry of Industry and Advanced Technology aim to implement the vision of leadership by enhancing the contribution of advanced technology to sustainable economic growth, raising the efficiency and competitiveness of the industrial sector in the country, and supporting strategic industries that contribute to advancing the wheel. The national economy, increasing the gross domestic product ». He stressed that the Ministry will work to develop policies, laws and programs, to provide a stimulating legislative system to support the growth of the sector, support emerging industrial companies and companies that rely on advanced technology, enhance local added value, stimulate the establishment and development of industrial clusters, support the construction sector, encourage industrial exports, and raise competencies. Localization in advanced technology, and providing programs to ensure the competitiveness of the national product in the strategic priority sectors, in which the state possesses distinct strategic components.
Al-Amiri: Attracting foreign direct investment
The Minister of State for Advanced Technology, Sarah Bint Youssef Al-Amiri, said that “there is an interdependent and complementary relationship between advanced science and technology and the research and development system, the role of human cadres in future growth sectors, and how to prepare them to play the required role in this field, so that the UAE is one of the leading countries in the industrial age. Fourth, which relies on advanced technology. ”
She pointed out that the work strategy will focus on national priorities related to the ministry's tasks, which include the contribution of the industrial sector to diversifying the economy by raising efficiency, creating new sectors, attracting foreign direct investment in the industrial sector and high-tech industries, and contributing to protecting the national economy, with emphasis. On the promising growth sectors in the post-"Covid-19" period.
3 pillars of the ministry
The Ministry of Industry and Advanced Technology relies on three pillars, including: "industries that benefit from the competitive advantages available in the country, advanced technology and science, and enhancing the local added value."
The ministerial team reviewed the objectives of the program to enhance the local value added, which include providing more commercial and investment opportunities for the private sector, increasing the use of goods, services and local content, and creating job opportunities for citizens in the private sector.
The experience of the Abu Dhabi National Oil Company (ADNOC) in implementing the In-Country Value Enhancement Program was presented. The explanation dealt with the possibility of reproducing the experiment and circulating it at the state level.
Establishing a knowledge economy based on advanced science and technology.
Vice President of the State:
“We have three national priorities in the industrial sector: achieving industrial security, enhancing added value, and raising the efficiency of our industries in a competitive way.”
"We have proven that our actions and our achievements are at the level of our dreams and aspirations ... and we want to dream bigger and achieve more."