Dr. Al Jaber noted that the directives of the UAE’s leadership and its vision are the basis for enhancing the capabilities of the industrial sector…reports Asian Lite News
Dr. Al Jaber bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, visited the Industrial City of Abu Dhabi (ICAD), a major centre for industrial companies in the region that operates under the umbrella of the Abu Dhabi Ports Group (AD Ports Group).
Dr. Al Jaber was briefed on how IDAC provides investors with promising opportunities for growth and prosperity and is considered one of the most important industrial cities locally, regionally, and even globally.
He was accompanied by Mohamed Ali Al Shorafa, Chairman of Abu Dhabi Department of Economic Development; Omar Suwaina Al Suwaidi, Under-Secretary of the Ministry of Industry and Advanced Technology; and officials from a number of industrial companies in ICAD.
Dr. Al Jaber heard from some of these officials who spoke about strategies for improving the quality and efficiency of production, enhancing competitiveness, raising the contribution of the industrial sector and advanced technology to the national economy, and enhancing the UAE’s position in the global industrial sector.
During the visit, the Minister of Industry and Advanced Technology inaugurated a new production line for the Ajmal Steel Pipes Industry Company, and was also briefed on the efforts of Emirates Steel, which is the largest listed steel and building materials company in the country, as well as Gulf Fluor, which plays a major role in meeting the growing demand for aluminum fluoride in the region.
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Dr. Al Jaber highlighted the important role of ICAD, with its advanced infrastructure, integrated solutions, and the distinct capabilities that it provides to manufacturers, companies and investors in Abu Dhabi in a way that supports the growth of local industries and attracts foreign capital.
He noted that the directives of the UAE’s leadership and its vision are the basis for enhancing the capabilities of the industrial sector. The UAE has many competitive advantages, most notably its advanced infrastructure supported by advanced technology, which enhances the growth opportunities of industries, increases competitiveness and helps the country keep pace with the best international standards.
Dr. Al Jaber said, “We strive for fruitful dialogue with our partners in the industrial sector to strengthen cooperation and exchange experiences between the various stakeholders in the public and private sectors. Today, we have an advanced industrial strategy through which we aim to stimulate the capabilities and competitiveness of the sector and create an attractive business environment for local and international investors in the industrial sectors. We also aim to establish a stimulating ecosystem for small and medium enterprises, and work to develop procedures and incentives related to the industrial sector.ICAD is a prominent model that reflects the position of the UAE as an advanced incubator for the most important and promising industrial projects in the region. What we have witnessed today – highly efficient production lines and quality products capable of competing globally – confirms that the UAE is on the road to making the industrial sector one of the largest contributors to a sustainable knowledge-based economy supported by innovation and advanced technology.”
Dr. Al Jaber underscored that the Ministry of Industry and Advanced Technology seeks to promote the unique advantages and capabilities of the country to attract talent and entrepreneurs to stimulate the growth of the industrial sector. This is in compliance with its legislative and regulatory role aimed at providing a favorable business environment and one that attracts local and international investors in the industrial sector.
He said, “The Ministry is also working on providing financing solutions and incentives and promoting the adoption of innovation and Fourth Industrial Revolution technology to enhance the country’s reputation and position as a leading global hub for future industries.”