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Industrial sector must adopt advanced tech
DUBAI, 8 hours, 54 minutes ago There is an urgent need for global industry to accelerate the adoption of advanced technologies across the entire industrial value chain in line with the demands of the digital era and fourth industrial revolution. This will also be critical to driving global economic recovery in the wake of Covid-19. This was the overarching theme at the webinar co-hosted by the UAE’s Ministry of Industry and Advanced Technology (MoIAT) alongside experts from the World Economic Forum (Forum), a WAM report said. The interactive webinar, which was attended by more than 30 representatives of UAE industry and local economic departments, including Emirates Steel, Emirates Global Aluminium, Edge, and national energy company Adnoc, also served as a platform for mutual engagement between the industry representatives, ministry figures and Forum experts.
It also discussed the UAE s rollout of its Operation 300bn industrial strategy launched last month and the role the Emirates Development Bank will play in helping to fund it.
“Over the years, industrial companies in the UAE have contributed significantly to our progress. Today, they are critical to our continued diversification efforts, Mohammed Al Qasim, director of technology development and adoption, said.
“By leveraging the power of advanced technologies, the UAE’s strong industrial base is well-set to rapidly expand and turbocharge sustainable economic growth. And companies able to adopt the latest innovations and technological solutions will be key enablers of this journey.”