UAE Ministry of Industry and Advanced Technology launches 'Future of Industry Dialogue'

Dr Sultan Al Jaber holds the first of a series of interactive meetings with heads of industrial companies

The UAE's Ministry of Industry and Advanced Technology launched the Future of Industry Dialogue, a series of interactive meetings with representatives from leading industrial companies.

The initiative is part of the ministry's efforts to establish a new model of cooperation and build partnerships between government and the private sector.

"Boosting vital industrial sectors in the UAE through upgrading the existing infrastructure is key to ensuring their continued development and growth as well as their ability to keep pace with future industry demands," said Dr Sultan Al Jaber, the minister for industry and advanced technology.

The UAE, the third-largest oil producer within Opec, has a well-diversified industrial base, which accounts for 66 per cent of the country's gross domestic product.

In the first meeting, the ministry brought together various industrial entities in the UAE's economy, including Emirates Steel, Emirates Global Aluminium, Abu Dhabi Polymers Company (Borouge), National Petroleum Construction Company, Ras Al Khaimah Cement Company and Fujairah Building Industries.

The ministry also plans to use the platform to boost local, regional and global competitiveness of UAE products.

The initiative will help to identify and mitigate sector-specific challenges, developing laws, regulations and policies to drive sustainable industrial development in the wake of the pandemic. It is targeting a number of sectors including heavy industry, F&B production, pharmaceutical, healthcare and others.

“Advanced industries are essential for the development of a diversified knowledge-based economy – one of the pillars of the UAE Centennial 2071," Dr Al Jaber said.

"Therefore, MoIAT is dedicated to joining forces with major players across a wide spectrum of industrial sectors to implement its holistic approach to sustainable development in this domain," he added.