The UAE’s Ministry of Industry and Advanced Technology (MoIAT) signed Memorandum of Understanding (MoUs) with 12 industrial entities which form the Champions 4.0 Network and the Departments of Economic Development of Abu Dhabi, Dubai, and Ajman to start the Fourth Industrial Revolution (4IR) Program, “UAE Industry 4.0”.
Launched as part of Projects of the 50 earlier this month, “UAE Industry 4.0” is designed to accelerate the integration of 4IR solutions and applications across the UAE’s industrial sector, enhancing the UAE’s overall industrial competitiveness, driving down costs, increasing productivity and efficiency, enhancing quality, improving safety and creating new jobs.
“UAE Industry 4.0” aims to increase industrial productivity by 30 percent and add $6.8 billion to the national GDP as part of the UAE’s Operation 300 billion, which seeks to boost the contribution of industry to national GDP to $81.6 billion in 10 years.
“In line with our leadership’s vision, the Ministry of Industry and Advanced Technology focuses on increasing the industrial sector’s contribution to the national GDP, enabling economic diversification and transforming to a knowledge-based economy. The UAE boasts a vibrant industrial sector, one that has made a significant contribution to our rapid economic development. And with the collaboration between our public, private and academic sectors, we have fostered an enabling industrial ecosystem.”
The Abu Dhabi National Oil Company (ADNOC), EDGE, Honeywell, Unilever, Ericsson, Schneider Electric, Emirates Global Aluminum, Microsoft, CISCO, SAP, AVEVA, and Siemens are among the companies taking part in the Champions 4.0 Network.
The Champions Network will then support the creation of 100 “lighthouses”, or WEF-categorized I4.0 organizations, by 2031, while also cultivating the optimum business environment to establish or attract 500 tech companies by the same year.
These anchor companies will help drive productivity, innovation and efficiency in their respective sectors. Another key pillar of the network is a program that will identify, assess and then assist 200 companies ripe for Industry 4.0 transformation.