The Abu Dhabi Department of Economic Development (ADDED) has signed an agreement with the leading German multinational provider of enterprise business software SAP, to support the implementation of the initiatives and objectives set by the Abu Dhabi Industrial Strategy (ADIS).
The agreement was signed by Mr. Mohamed Ali Al Shorafa, Chairman of ADDED, and Mr. Christian Klein, Chief Executive Officer and Member of the Executive Board of SAP.
As part of the agreement, ADDED and SAP will be supporting startups and small business enterprises (SMEs) in the industrial sector through “SAP.io” and “Grow by SAP” initiatives.
The two parties will also work closely to develop an Emirate-level framework harmonizing manufacturing standards and will cooperate in developing and sustaining an efficient value chain for the manufacturing sector.
“As we carefully start delivering against the objectives set in the Abu Dhabi Industrial Strategy, our affiliation with SAP is a strategic pillar, as we adapt to ever-changing market trends and tech updates. ADIS will gradually and prudently grow the size of the Emirate’s manufacturing sector to AED172 billion by 2031 by increasing access to financing, enhancing the ease of doing business, and attracting foreign direct investment. Talent development is a top priority for us. ADIS aims to create 13,600 new knowledge-based quality jobs, with a focus on Emirati talent, and working with SAP will equip our various cadres with specialized training and upskilling programs to master the transition to Industry 4.0 and circular economy best practices.”
ADIS, launched in June 2022, is Abu Dhabi’s charter guiding an exponential shift in its industrial and manufacturing landscape.
Mr. Klein said that, “SAP’s partnership with ADDED represents an important step towards accelerating Abu Dhabi’s vision to become a leading hub for technology and innovation. Our deep expertise in the manufacturing sector will help both in the upskilling and training of local talent and in extending global best practices to further strengthen the recently launched Abu Dhabi Industrial Strategy.”