Al-Jaber: There is no future for any isolated economy

  • Sultan Al Jaber.

    From the source

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In the opening speech at the summit, Minister of Industry and Advanced Technology, Dr. Sultan bin Ahmed Al Jaber, stressed that the vision of the leadership in the UAE and its directives to develop a sustainable and diversified economy for the next fifty years, constitute a global model for economic development based on competitive advantages and an advanced business environment.

Al Jaber called on the attendees and participants to take full advantage of the energies of the Fourth Industrial Revolution, which the UAE launched an integrated model for its applications in the industrial field.

In his speech, Al Jaber extended an open invitation to the countries of the world to partner with the UAE in its efforts to enhance international cooperation with the aim of building a bright and prosperous future, and investing in future opportunities, stressing that there is no future for any isolated economy, and that accelerating growth requires concerted efforts, and the establishment of an effective and integrated industrial system .

Al-Jaber shed light on the development of the global industrial sector, as well as the impact of advanced technologies in enhancing performance efficiency, pointing out that “3D printing” doubled the productivity of a number of sectors, and “machine learning” techniques contributed to the process of developing vaccines during the “Covid-Covid” pandemic. 19”, which saved clinical trials time, and saved a large number of lives.

Al Jaber said that the national strategy for industry in the UAE focuses on sectors that contribute to achieving high additional value, accelerating the application of modern technologies in all areas of industry and manufacturing, and diversifying the economy.

He continued: “We are working to achieve greater value in the sectors in which we have expertise and competitive advantages, including the energy sector, chemicals, plastics, metals, heavy industries, and electrical equipment.

We will focus on investing in priority sectors, including healthcare and agricultural technology, as well as creating value in high-performance sectors such as biotechnology and aerospace.”

Memoranda of Understanding

The Minister of Industry and Advanced Technology, Dr. Sultan bin Ahmed Al Jaber, and the Managing Director and Group CEO of Mubadala Investment Company, Khaldoon Al Mubarak, witnessed the signing of a Memorandum of Understanding between the Ministry and Emirates Global Aluminium, which aims to implement the National Value Added Program on all purchases and contracts for goods and services. and cooperation on growth opportunities in the aluminum industry.Al Jaber, Director General of the Dubai Development Authority, and CEO of Dubai Holding Group for Asset Management, Malik Sultan Al Malik, witnessed the signing of a memorandum of understanding between the Ministry and Dubai Industrial City, which included areas of cooperation, concerted efforts and joint work, especially programs and initiatives of the industry strategy and advanced technology, and encouraging companies. To join the Fourth Industrial Revolution Index Program, participate in the readiness assessment, promote the activities of the Fourth Industrial Revolution Network, motivate companies to join the National Value Added Program, and work on a package of privileges to attract investments and support the “Make in the UAE” campaign.

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