Al Jaber stresses on GCC cooperation to boost industrial performance

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The minister pointed out that the Covid-19 pandemic accelerated efforts to improve collaboration across the GCC and develop future strategies…reports Asian Lite News

UAE Minister of Industry and Advanced Technology Dr. Sultan bin Ahmed Al Jaber expressed the UAE’s desire to deepen cooperation, coordination and knowledge exchange in support of the GCC’s economy, especially in the efforts to integrate advanced technology, innovation and 4IR technologies into its industrial sector.

Dr. Al Jaber also commended the cooperation between GCC countries as they prepared for a post-pandemic world, which ought to remain a top priority for joint Gulf action in the upcoming period.

His remarks came during the 48th meeting of the GCC Industrial Cooperation Committee in the Kingdom of Bahrain. The delegates noted that the industrial sector will be a key focus due to its significance to economic diversification, particularly the sectors that incorporate advanced technologies such as artificial intelligence (AI) and the internet of things (IoT). The discussions also focused on the development of regulations, policies and laws, and the support for local products.

“In line with the directives of our wise leadership, we always seek to enhance cooperation and coordination with our brothers in the GCC to achieve mutually beneficial results,’ said Al Jaber.

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“There is positive indicators point to growth in the GCC’s industrial sector, through providing support to the industry, increased innovation and the adoption of advanced technology applications and 4IR solutions. There has also been considerable coordination in priority industrial sectors to enhance their overall performance and global competitiveness.”

He explained that the national efforts to develop the UAE’s industrial sector through the UAE Industry 4.0 program are designed to increase industrial productivity by 30% and add AED25 billion to the GDP in the next 10 years.

The program is a key pillar of UAE’s national industrial strategy – Operation 300Bn, which is in line with the new phase of growth and development for the UAE in the next fifty years, that will enhance its position as an incubator of innovative ideas and future industries.

Al Jaber stresses on GCC cooperation to boost industrial performance

The minister pointed out that the Covid-19 pandemic accelerated efforts to improve collaboration across the GCC and develop future strategies. This comes in parallel with current efforts to update the GCC Unified Industrial Strategy document in a way that enhances industrial integration, accelerates the development and implementation of programs in strategic industries, and utilises each country’s strengths.

Future opportunities.

He expressed his hope for more coordination between member states in the pursuit of common interests, especially in the areas of knowledge exchange, training, and research and development. He also noted with the available capabilities among the Gulf countries that supports trade exchange between GCC states and to encourage the private sector to boost both the efficiency of its operations and the quality of its products, especially in light of opportunities presented by the applications of the Fourth Industrial Revolution.