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The fourth meeting of the UAE’s Industrial Development Council (IDC) discussed key national priorities, including enablers, incentives, technological transformation and the path to net zero.
Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Chairman of the Industrial Development Council, presided over the meeting, during which the Ministry of Finance and the Tawazun Council were welcomed as new members.
IDC works to improve the performance and competitiveness of the industrial sector, and provides quality enablers, incentives, and policies to stimulate investment and contribute to national priorities, such as economic diversification and net-zero emissions.
Industrial sector
During the virtual meeting, the council discussed measures to stimulate the industrial sector and reviewed progress on important projects such as updates to legislation and regulations, progress on the industrial census, and policies necessary to allow factories to generate electricity from renewable sources. In line with the UAE’s efforts to reduce emissions and achieve net zero emissions.
It explores key enablers and incentives in support of sustainable industrial development. The Council also discussed the establishment of the Industrial Technology Transformation Index Committee, an index launched by the Ministry of Industry and Advanced Technology in partnership with the Abu Dhabi Department of Economic Development, which represents a comprehensive framework for measuring the digital maturity and sustainability of factories to develop a digital roadmap.
The IDC discussed a cabinet decision to increase import duties on certain steel products from 5% to 10% for three years, with the aim of protecting the national industry and encouraging local production in line with the UAE’s international agreements and obligations to the World Trade Organization.
Industrial Growth and Competitiveness
Dr. Al Jaber said: “IDC will expand its tools for support, integration and partnerships in major national projects between the government and the private sector, with the aim of creating an attractive business environment for local and international investors in the industrial sector, And strengthen the country’s position as a global destination leading the industry of the future.
“We are delighted to welcome the Ministry of Finance and the Tawazun Council as new members of the Industrial Development Council. These entities will play key roles in the Council’s mission. The Ministry of Finance will develop the incentives needed to achieve a paradigm shift and foster sustainable economic development. The Tawazun Council also plays an important role through the offset program which supports quality industrial and technology partnerships in line with the national ICV scheme.This will help create investment and industrial opportunities that support the national industry.
“In line with the country’s preparations to host COP28, the Council also discussed key enablers and incentives to support sustainable and efficient industrial development.”
Succeed in UAE forums and awards
Dr Al Jaber said: “The second Make it in the Emirates Forum will be held in Abu Dhabi at the end of May. We invite industrial companies to participate in the Emirates Airline Awards, which will be held in conjunction with the Forum. Leading companies in Emiratisation, Sustainability and Innovation.Local government agencies and industrial companies are encouraged to attend this event where key industrial incentives and enablers will be revealed.
“The first forum established the key factors underpinning the UAE’s industrial sector. In the next forum, we look forward to achieving further significant results to boost the UAE’s industrial development.”
Industrial Technology Transformation Index
Dr. Al Jaber commented: “An Industrial Technology Transformation Index working group will be established to assess the smart industrial readiness of UAE factories. It will help manufacturers implement advanced technologies to improve industrial competitiveness through increased adoption of advanced technologies while strengthening Sustainability, efficiency and innovation with national guidelines developed as part of the Year of Sustainability.The working group consists of representatives from MoIAT, top experts, key global private sector companies and ICV accreditation bodies.
important project
Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade and Vice-Chairman of the Industrial Development Council, said: “The Council is currently finalizing the final draft of the Regulations for the Implementation of the Industrial Regulation and Development Law. The Policy and Legislative Working Group continues to develop it and as part of the feedback process Spread between emirates.
“The Council discussed a number of important projects to empower the UAE’s industrial sector, enhance its capabilities and provide incentives for industrial companies to support the competitiveness of local products. Incentives), and laws to connect distributed renewable energy production units to the grid. The working group demonstrated progress in implementing the national ICV plan and the national industrial census.”
Industrial Census
In the first quarter of 2023, the number of large, medium, small and micro industrial enterprises registered on the industrial census website will increase.
The committee urged all industrial businesses in the UAE to register in the industrial census. It aims to create a comprehensive database to enhance economic resilience and support decision-making. It also supports import substitution, enhances local content, and stimulates supply chain localization. In addition, it promotes a circular economy, helping to integrate producers and suppliers in the UAE.
The (online) industrial census was launched as part of a partnership between MoIAT, the Federal Center for Competitiveness and Statistics (FCSC), the Department of Local Economic Development (DED) (member of the Industrial Development Council) and local statistical centres.
clean energy
Council members are also working with the Department of Energy and Infrastructure to discuss laws to connect distributed renewable energy installations to the grid. The law supports the adoption of clean energy solutions, an important pillar of the UAE’s climate action strategy. It also helps address the growing demand for renewable energy within the industry. The Act also increases the productivity of industrial enterprises and waste management processes by processing waste such as iron, paper and oil and reusing it in manufacturing. This approach promotes sustainability and national efforts to reduce carbon emissions and move to a circular economy.
The committee also discussed progress on pricing policy for industrial waste in cooperation with the Ministry of Economy, and ways to restrict its exports. Factories can reuse waste to reduce industrial input costs and increase sustainability.
Council Executive Committee Chairman Omar Al Suwaidi, Deputy Minister of Industry and Advanced Technology Major General Suhail Saeed Al Khaili, Director General of Federal Identity, Citizenship, Customs and Port Security, Hanan Ahli, Federal Center for Competitiveness and Statistics Director, Eng Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs, Noura Al Marzouqi, Assistant Undersecretary for Policy and Strategy, Ministry of Human Resources and Emiratisation, Ahmed Mohamed Al Naqbi, Chief Executive Officer, UAE Development Bank, and Ministry of Industry and Advanced Technology Osama Amir Fadhel, Assistant Undersecretary for Accelerators and Rapporteur of the Industrial Development Committee. — trade arab news agency
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