5 billion dirhams to support advanced technology in industrial enterprises
Within the "50 projects", the UAE government launched a project to adopt advanced technology in industrial institutions, which will enable these institutions to carry out a "flexible transformation" using advanced technology and the concepts of the Fourth Industrial Revolution, which will be supervised by the Ministry of Industry and Advanced Technology, while allocating five billion Dirhams to implement the project through the Emirates Development Bank.
The project aims to promote the adoption of advanced technology in the national industrial sector, in a way that contributes to establishing an attractive business environment to meet the needs of local and international investors, support the continuous growth of national industries, improve their competitiveness, and enhance the UAE’s position as a global destination for pioneering future industries with world-class infrastructure and a skilled and advanced workforce. Technically.
Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, said: “In line with the project, the Ministry of Industry and Advanced Technology is working to reach an ambitious goal of raising the productivity of the industrial sector, by adopting the latest applications of advanced technology in all operational processes and industrial productivity, especially that the industrial sector has a major and pivotal role. in achieving the country’s strategic national goals in the next fifty years.”
He added: "The project provides five billion dirhams over five years in partnership with the Emirates Development Bank to support the transition towards the applications of the Fourth Industrial Revolution in the industrial sector. It also contributes to providing programs and incentives to support entrepreneurs in the industrial sector, and aims to add 25 billion dirhams to the GDP and raise productivity by 30%.
The project aims to support the industrial sector in the country to shift towards advanced technology applications during the next five years, and will provide the necessary financing for companies and industrial institutions seeking to adopt the applications of the Fourth Industrial Revolution and improve their business model and the quality of their products.
The announced projects in the field of advanced technology facilitate the adoption of the vital sectors on which the "50 projects" focus on the solutions, applications and innovations of the Fourth Industrial Revolution, foremost among which are the sectors of health, education, social development, economy, environment, housing, tourism, entrepreneurship, investment, skills and values. Community, culture, family relations, sports, youth, food security, advanced science and technology, and others.
Developing the Smart Industry Readiness Index to enable 200 industrial companies to fully digitalize.
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