The Abu Dhabi Department of Economic Development, represented by the Industrial Development Bureau, announced the start of the implementation of the “Smart Manufacturing” project, which supports industrial companies in adopting new technological and technical solutions in the fields of manufacturing. With the aim of developing and improving the productivity of industrial companies in the Emirate of Abu Dhabi, accelerating the growth of business and contributing to building the technical capabilities and technical skills of workers in the industrial sector, thus enhancing the competitiveness of the industrial sector of the Emirate.
Rashid Abdul Karim Al Balushi, Undersecretary of the Department, stressed that the “Smart Manufacturing” project is one of the important strategic initiatives for Abu Dhabi’s economy, which aims to encourage industrial facilities in the emirate to adopt the applications of the Fourth Industrial Revolution.
This is done by providing new financing solutions through banks and commercial banks to support the process of transforming factories and moving them to a new stage based on the technologies of the Fourth Industrial Revolution. The initiative also provides opportunities for advanced technology companies to provide their services to the industrial sector.
He said that the project had identified a number of performance indicators that ensured the achievement of its objectives, the most important of which was the increase in financing opportunities by local banks and banks that finance industrial facilities, with a focus on industrial sectors with high added value, in addition to implementing a number of awareness programs and workshops for targeted industrial facilities in emirate. He explained that the project would contribute to enhancing the efficiency of industrial facilities in the Emirate of Abu Dhabi.
It enhances its contribution to the emirate’s GDP, in addition to increasing its competitiveness regionally and globally by moving it to a new stage based on the standards of the Fourth Industrial Revolution in line with technical and technological development, especially in the major industrial country.
Muhammad Munif Al-Mansoori, Executive Director of the Industrial Development Bureau, said that the office will begin next November to receive applications for the registration of industrial establishments in the program, so that they are subject to technical evaluation processes by the Industrial Development Bureau according to the standards set for the smart manufacturing project, so that the applications will then be included through the financial platform of the services system Integrated “done”.
He added: “The Industrial Development Bureau has identified its strategic partners for the project, through joint cooperation with a number of financial partners from banks and commercial banks, in addition to a technical partner from the expertise houses to provide technical support for the project,” noting that the project targets a number of industrial sectors, namely industries. Food, chemical, electronic, electrical, pharmaceutical, and transportation industries.
In its first phase, the smart manufacturing project focuses on new and existing industrial projects, especially small projects whose annual returns are less than 50 million dirhams and the number of employees from 10 to 100 employees, and medium enterprises whose annual returns are less than 250 million dirhams and the number of employees 101 to 250 employees.
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