UAE ministry lays out plan for industrial growth

October 2020

The UAE Ministry of Industry and Advanced Technology, held a virtual meeting of the Industrial Coordination Council on how to empower the industrial sector and strengthen the UAE’s competitive position globally.

The meeting was chaired by Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology with the participation of Sarah bint Yousif Al Amiri, Minister of State for Advanced Technology, and members of the Council, reported Emirates news agency Wam.

The mandate of the Industrial Coordination Council, established in 2016, includes developing a national strategy to boost the UAE’s industrial sector; setting key performance indicators and following up on implementation; proposing initiatives to boost cooperation; and sharing best practice among government entities as well as the private sector.

The Council will collaborate with various federal and local government entities and the Industrialist Union Society to update legislation for the sector. The Council meeting also included a briefing on how the Ministry, working alongside the relevant authorities and stakeholders, will attract investments to drive the Fourth Industrial Revolution in the UAE and accelerate the national development of an advanced industrial sector.

Alongside the Council, the Ministry is working on a framework for legislative measures, initiatives and policies to encourage sustainable growth and enhance in-country value. Dr Al Jaber highlighted that the Ministry is  putting in place all the enablers to achieve the vision of the leadership and to lay the foundations of a modern infrastructure for advanced industry. He explained that the Ministry is committed to fostering entrepreneurship and creating an eco-system to support SMEs.  

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