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Participants at the Pittsburgh Global Manufacturing and Industrialization Summit.
A high-level delegation from the United Arab Emirates (UAE) presented the UAE’s National Industrial Strategy to more than 200 international delegates at the 1st US Global Manufacturing and Industrialization Summit in Pittsburgh, September 28-29 (GMIS America), Pennsylvania.
To explore new areas of growth and global cooperation, the UAE delegation presented the country’s business environment and the many competitive advantages and incentives that will attract foreign investors, manufacturers, innovators and SMEs. UAE experts have called for enhanced cross-border cooperation to drive sustainable industrial development, enable clean energy transition, and drive global economic growth.
As co-chair of the Global Manufacturing and Industrialization Summit (GMIS), the UAE Ministry of Industry and Advanced Technology (MoIAT) has called on the international community to come together to explore how to make the industry more resilient to global market volatility and improve productivity, while increasing efforts to accelerate Global energy transition. UAE industry experts and leaders from the UAE delegation highlighted the country’s competitive manufacturing business landscape while sharing their knowledge on enhancing sustainable manufacturing practices through the adoption of advanced technologies.
On the first day, Omar Al Suwaidi, UAE Deputy Minister of Industry and Advanced Technology, delivered a keynote speech on the UAE’s industrial opportunities and competitive advantage.
Addressing an international audience, Suwaidi said: “Now is the right time to invest in the UAE’s strong industrial base. Our ambitious industrial strategy is being executed at a rapid pace, generating huge demand for local goods and services and opening up new international market opportunities. As part of this strategy, we have launched the ‘Make it in the Emirates’ campaign to help strengthen industrial priority sectors and attract investment. We will continue to engage with international players eager to capitalise on the enormous benefits and potential of establishing an industrial presence in the UAE Build successful partnerships.”
On the first day of the conference, MoIAT hosted an interactive panel discussion on the country’s national industrial and advanced technology strategy. The panel explores how the UAE’s Make it in the Emirates initiative invites global industrialists, investors, innovators and developers to participate in the country’s industrial growth, while benefiting from incentives and support aimed at increasing the national industrial sector’s contribution to the UAE’s GDP Mechanism to increase from AED133 billion to AED300 billion by 2031. During a panel discussion hosted by MoIAT, the UAE’s key industrial leaders and enablers shared their sustainable manufacturing plans, as well as key growth opportunities for investors.
Humaid Mohamed Ben Salem, Secretary General of the Federation of Emirates Chambers of Commerce and Industry (FCCI), noted that the UAE offers various incentives for international organisations to set up in the country. The UAE Chamber of Commerce and Industry is a bridge between the government and the private sector. FCCI also supports bringing companies to the UAE and ensures they understand the incentives they can benefit from by doing business. HE Salem also highlighted how the UAE’s response and recovery from COVID-19 has demonstrated the country’s credibility in creating a sustainable business environment that will allow international businesses to thrive. Salem highlighted the UAE’s unique value proposition, highlighting the country’s unique geographic location that enhances connectivity around the world, and the many free trade agreements the UAE shares with other countries, providing another opportunity to strengthen bilateral ties.
Mansoor Janahi, chief executive of Mansoor Janahi, a wholly-owned subsidiary of Mubadala Investment Company and an advocate for industrial services, stressed the importance of the US market for Sanad, as the country is its largest customer base. Janahi went on to highlight that the UAE is often referred to as an importer of industrial services, however, Sanad has been leading the export of industrial services for the past 35 years. Janahi took the opportunity to highlight how the UAE’s strategic location and world-class logistics make people and talent more accessible, and underscore how it is central to how Sanad has doubled its business over the past five years.
He said: “Partnerships are a key part of our DNA. If you look at Sanad today, we work with every major engine OEM, there are literally four in the world, they are GE, Rolls-Royce, Pratt & Whitney and CFM International. There is still a lot of growth and demand for maintenance in the region from an aerospace standpoint.
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