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September 1, 2022
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UAE launches global dialogue on sustainable industrial development

GMIS America will explore new industrial opportunities and technologies that will help enhance sustainable economic growth and drive partnerships between the UAE and the USA….reports Asian Lit News

The Global Manufacturing and Industrialisation Summit (GMIS), a joint initiative between the United Nations Industrial Development Organisation (UNIDO) and the UAE Ministry of Industry and Advanced Technology (MoIAT), will host its inaugural edition of the GMIS America in Pittsburgh, Pennsylvania from 28th to 30th September 2022.

The step aims to build bridges between manufacturers, governments, multilateral organisations, technologists, the research community and investors from around the world.

Hosted by Thomas Wolf, Governor of the Commonwealth of Pennsylvania, and taking place for the first time in America, the roadshow will convene experts from governments and the private sector to spearhead discussions that will shape the future of manufacturing based on pioneering Fourth Industrial Revolution (4IR) technology solutions.

With new technologies, supply chain disruptions, and demand growth reshaping the global manufacturing landscape, the US announced new strategies and initiatives to revitalise American manufacturing and increase competitiveness. In 2020, manufacturing contributed US$2.27 trillion to GDP in the US, according to data from the US Bureau of Economic Analysis (BEA). According to Deloitte’s 2022 Manufacturing Industry Outlook, the GDP contribution of US manufacturing is set to grow by 4.1 percent in 2022.

GMIS America will drive discussions on how digital technologies can accelerate the global energy transition and support the growth of sustainable manufacturing.

Highlighting the relationship between the future of manufacturing and energy, the agenda will explore critical topics such as advancing the global energy transition, creating the future of the hydrogen sector, decarbonisation, designing circular solutions for industry, scaling additive manufacturing, exploring how Industrial Internet of Things (IIoT) is disrupting production models, and enhancing advanced technology to shape the future of the sector and accelerate digital transformation.

Sessions and panel discussions will discuss how the application of digital technologies, including artificial intelligence, robotics, edge computing, IIoT and nanotechnology can advance the adoption of sustainable industrial policies at the global level.

GMIS America will explore new industrial opportunities and technologies that will help enhance sustainable economic growth and drive partnerships between the UAE and the USA.

The roadshow feeds into the UAE Ministry of Industry and Advanced Technology’s Operation 300Bn and Make it in the Emirates initiatives to further develop the national industrial sector by showcasing local manufacturing opportunities to international investors, creative and talented individuals, and organisations as well as highlighting local value propositions and priority sectors.

Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, and Co-Chair of the Global Manufacturing and Industrialisation Summit, said, “In line with the vision of our leadership, the UAE is steadfast in its efforts to grow its industrial capabilities in vital sectors such as energy and advanced technology along with deploying 4IR solutions to achieve growth and global prosperity.

“We are grateful to Pittsburgh, Pennsylvania for hosting the first edition of GMIS America, which underlines the growing prominence of 4IR technologies in global conversations about industrial development.

“The UAE has made significant leaps in accelerating sustainable industrial growth. Our national industrial strategy focuses on high value sectors as well as on accelerating the application of advanced technologies in all areas of industry and manufacturing, diversifying the economy, achieving sustainable growth, and enhancing industrial competitiveness. The strategy aims to attract international industrial investments in current and future sectors in order to make progress towards achieving the ministry’s objective to double the contribution of the industrial sector to national GDP.

“GMIS America is the ideal platform to showcase the industrial opportunities we recently launched during the Make it in the Emirates Forum, which identified opportunities and incentives to attract industrial investors and manufacturers to the UAE. Through this initiative, we invite our partners from around the world to join us on our journey towards boosting the industrial sector’s development.”

At the closing ceremony of the fourth edition of the Global Manufacturing and Industrialisation Summit (#GMIS2021) in Dubai, Thomas Wolf said, “Pennsylvania has always been home to innovators. Today, we are pioneering the latest technological and manufacturing advances, and we are pursuing smart, creative approaches to community development and workforce training. We share the mission of the Global Manufacturing and Industrialisation Summit, and the belief that only by working together can we truly build the global manufacturing sector. That’s why I am so pleased that the inaugural GMIS America will be hosted in the city of Pittsburgh, Pennsylvania, in 2022.”

GMIS America will host multiple activities over three days from 28th-30th September 2022. The roadshow will comprise high-profile sessions across several formats, including keynote addresses, panel discussions, and fireside chats, as well as a gala dinner, interactive workshops and working groups on 28 and 29 September. On 30 September, GMIS America will also host exclusive site visits to advanced tech centres, industrial facilities, and universities throughout Pittsburgh to showcase the latest innovations and technology solutions available in the city and encourage cross-sectoral collaboration and investment opportunities.

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Pakistan Risks Overstretching Itself in Yemen War

Pakistan’s expanding military role in Saudi Arabia amid the Yemen conflict could strain its defence resources and fragile finances…reports Asian Lite News Desk Pakistan’s military involvement in the war in Yemen may prove unsustainable because of mounting financial pressures and competing security demands, according to a new report. Islamabad’s growing military presence in Saudi Arabia risks stretching its defence resources while exposing the country to greater strategic and economic challenges. An article by Andrew Wilson in One World Outlook describes Pakistan’s involvement as a case of “fiscal and strategic overreach”, arguing that the country lacks the financial flexibility to sustain an expanded military commitment. Pakistan’s external finances depend heavily on an International Monetary Fund (IMF) programme, financial support from Gulf countries and remittances from Pakistani workers in the region. The report argues that deeper military involvement in the conflict could place additional pressure on these sources of financial stability. It also warns that deploying troops and military equipment abroad could weaken Pakistan’s capacity to address security challenges along its eastern border and deal with two domestic insurgencies. The move could also draw Islamabad into a conflict it has sought to approach cautiously. A Reuters report in May, citing Pakistani security and government sources, said Islamabad had deployed around 8,000 troops, a squadron of approximately 16 aircraft, mostly JF-17 fighter jets, two drone squadrons and a Chinese HQ-9 air-defence battery to Saudi Arabia. According to those sources, Riyadh was financing the deployment, with Pakistani personnel operating the equipment. The sources also said a confidential agreement contemplated the possibility of deploying up to 80,000 troops. Islamabad has not confirmed those figures, although it has acknowledged its military presence in Saudi Arabia, including the deployment of fighter jets at King Abdulaziz Air Base from April. The One World Outlook article argues that Saudi financial support can cover allowances and operating expenses but cannot easily replace military equipment needed elsewhere or resolve the political and strategic challenges of participating in the Yemen conflict. Pakistan’s defence budget is another concern. For the 2026-27 financial year, the federal government allocated PKR 3 trillion, or approximately $10.8 billion, to defence services. The allocation represents an 18 per cent increase from the original PKR 2.55 trillion provision and amounts to around 2.1 per cent of projected gross domestic product (GDP). Defence spending accounts for approximately 16 per cent of the federal government’s PKR 18.8 trillion expenditure. Military pensions are budgeted separately at PKR 822 billion, while debt servicing costs stand at approximately PKR 8 trillion, more than two-and-a-half times the defence allocation. The report argues that these competing financial obligations leave little room for additional military expenditure without placing further pressure on public finances. Pakistan’s reliance on IMF assistance also limits its fiscal flexibility. The country must meet the conditions attached to the programme, including a primary budget surplus target of 2 per cent of GDP and continued restraint on development spending. According to the article, these requirements make it difficult for Islamabad to finance an additional military commitment without compromising other budgetary priorities. Pakistan’s economic indicators offer limited reassurance. Economic growth for the 2025-26 financial year is estimated at between 3.6 and 3.7 per cent, while inflation reached approximately 10.3 per cent in September following an energy price shock. Foreign exchange reserves stood at around $21.5 billion at the end of September. Although this marks an improvement from the low levels recorded in 2023, the report notes that the reserves cover only a few months of imports. Financial assistance from Gulf partners remains central to Pakistan’s external stability. The article says Islamabad holds approximately $8 billion in Saudi deposits at its central bank. In July, the State Bank of Pakistan said Riyadh had extended the maturity of $5 billion in deposits to December 2028, easing the country’s immediate external financing requirements. A further $3 billion deposit was also extended in the spring. However, the article argues that these arrangements provide temporary relief rather than long-term financial independence, particularly as regional conflict threatens the stability of the Gulf economies on which Pakistan relies. The report concludes that Pakistan faces a difficult balance between supporting Saudi Arabia militarily and preserving the financial and military resources needed to address its domestic and regional challenges.
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