IT - TECCEX

IT - TECCEX. How IT influenced revolution in UAE.

UAE Industry 4.0. By Yeshva Surendran.

How IT influenced revolution in UAE. UAE Industry 4.0 aims to transform UAE's industrial base into a globally competitive, productive and sustainable sector at the cutting-edge of the Fourth Industrial Revolution. UAE Industry 4.0 is one of the main pillars of Operation 300Bn. It aims to accelerate the digital transformation of the industrial sector, support leading industrialists throughout their journey, boost the sector's productivity and create thousands of new, high-skilled jobs, etc..

Why UAE Industry 4.0. Industry 4.0 is redefining sources of competitive advantage for firms and nations, promising a quantum leap in productivity and sustainable industrialization..

Sustainability. Becoming sustainable by minimizing waste, saving energy, and reducing emissions..

Productivity. Boosting industrial productivity through automating processes, integrating value chains, and enabling mass customization..

Competitiveness. Driving competitiveness by reducing manufacturing and labor costs, prompting product differentiation, and unlocking additional sectoral segments.

Operation 300bn. By Yeshva Surendran.

Operation 300bn. The strategy of the Ministry of Industry and Advanced Technology ( MoIAT ) also known as Operation 300bn, is the largest and most comprehensive plan for developing the UAE’s industrial sector and enhancing its role in stimulating the national economy. The strategy was named Operation 300bn because of its ultimate goal of raising the industrial sector’s contribution to the GDP from AED 133 billion to AED 300 billion by 2031..

Main Strategy of Operation 300bn. The strategy of the Operation 300bn are: develop the UAE’s industrial sector increase its in-country value (ICV) establish the UAE as a global hub for future industries build the reputation of the UAE’s industrial products through the promotion of exports to global markets and create quality job opportunities in the industrial sector..

Main Objective of Operation 300bn. The main objective of this project is : to create a relevant and attractive business environment for local and international investors in the industrial sector to support the growth of national industries and enhance their global competitiveness to stimulate innovation by accelerating advanced technology adoption across the industrial value chain to upgrade systems and solutions, boost productivity and forge competitive advantages in new areas to build on the solid industrial foundations that have helped fortify the UAE’s position as a global leader in industries of the future to cultivate a culture of innovation in the ministry to provide a comprehensive array of administrative services in accordance with the highest standards of quality, efficiency and transparency..

Role of Emirates Development Bank (EDB). Emirates Development Bank (EDB) is a key enabler of Operation 300bn. Under the strategy, the bank allocated a portfolio of AED 30 billion to support priority industrial sectors over a period of five years. The bank will contribute to financing 13,500 Small or medium sized enterprises (SME) and creating 25,000 jobs in the following sectors: manufacturing: petrochemicals, plastics, heavy industries, machinery, electrical appliances and renewable energy equipment infrastructure: energy, transportation, communications and digital infrastructure technology: software, IT, storage devices, peripherals, renewable energy technology and education technology healthcare: pharmaceuticals, biotechnology, medical equipment and hospital services food security: agriculture, livestock, aquaculture and water desalination ..

National Goals and International Commitments. The objectives of Operation 300bn align with the UAE’s commitments to global climate action as well as the Sustainable Development Goals 2030. Objectives include safeguarding public health, advancing sustainable economic growth, deploying clean energy solutions, driving industrial innovation and promoting responsible consumption and production. To achieve these priorities, the UAE Cabinet adopted the Circular Economy Policy 2021-2031 , a comprehensive framework that guides the country’s efforts to ensure sustainable and efficient use of resources with the aim of preserving them for future generations. MoIAT’s key initiatives within Operation 300bn support these objectives by encouraging the development and adoption of Fourth Industrial Revolution (4IR) applications and advanced technologies to generate significant economic returns, reduce the environmental footprint of the industrial sector and boost its competitiveness..

Thank You. By Yeshva Surendran.