Page 19 - Al Tijarah - December 2021

phase of growth in the UAE, the Ministry
of Industry and Advanced Technology has
launched the fourth industrial revolution
program entitled “Industry 4.0”, which is an
integrated program designed to encourage 50
local manufacturers to adopt advanced
technology applications and help accelerate
the UAE's transition to a knowledge
economy based on creativity and innovation.

The UAE's economic development COVER STORY
authorities support the identification
of nearly 200 companies, assess the
requirements of their application
transformation and join efforts among "Project 300 Billion" represents a and vertical agriculture. In medicine,
companies that are members of the comprehensive plan aimed at achieving smart devices will be able to track chronic
“industry 4.0” entrepreneurs network, economic and social leaps for our country, diseases using data analytics and the
and will be a key entry point for the and these ambitious projects are based on Internet of Things. 3D printing will lead
successful deployment and adoption of constructive cooperation between those to the production of new manufactured
applications in the local industrial sectors involved in the industrial sector from metals, as well as the careful production
of each emirate. government and private entities. of customized components.

The "Industry 4.0" program, recently There are still areas that need to be The UAE's industrial sector will be able to
launched by the Ministry of Industry and addressed to improve the adoption of increase production and efficiency, improve
Advanced Technology, reserves a place advanced technology, which Industry 4.0 its quality and create new industries,
among the world's industry leaders, will be keen to solve, and its initiatives thereby creating professional pathways
indicating that the UAE government's include expanding education on Fourth to local employment. It will also provide
"Fifty Projects" initiative, which the Industrial Revolution technologies and opportunities for innovators and start-
Emirates Government launched recently, is their operational benefits in our industrial ups, small and medium-sized enterprises
preparing for a new and exciting phase of sector, providing financing options for and encourage research and development
growth in the UAE amid considerable and SMEs and startups and in this field the partnerships between academic institutions
unlimited support from the wise leadership. program will cooperate with private and the private sector. This will create a
sector representatives in the UAE to more attractive business environment
The applications of the Fourth Industrial implement the program. for foreign direct investment (FDI) and
Revolution are a key pillar of the country's help attract investors, industrialists and
economic success over the next 50 years, Applications of the Fourth Industrial innovators from around the world, so that
and “Industry 4.0” project will improve Revolution include: deep learning, they can develop, test and launch their
the competitiveness and productivity of machine learning, artificial intelligence, ideas in the UAE.
the industrial sector and strengthen the data analysis and presentation, robotics
UAE's position as a global destination for and the Internet of Things, and new areas, Leading innovations in biotechnology,
future industries. such as: 3D printing, nanotechnology, genetics and artificial intelligence
quantum computing and biotechnology. tracking devices will provide better
This project improves the adoption of These applications have the potential to medical treatments and results, while
advanced technology and expands the have a tremendous impact on a number of the applications of the Fourth Industrial
scope of the fourth industrial revolution industrial sectors in the UAE, for example, Revolution will enhance our local crisis
technologies and their operational in agricultural technology, artificial response capacity such as Covid-19, taking
benefits in the local industrial sector. intelligence and the Internet of Things advantage of automated control systems
can accelerate the country's food security and the capabilities of remote work
The vision of the "Fifty Projects" and agenda through automated greenhouses systems and efficiency in supply chains.
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