9. INDUSTRY, INNOVATION, AND INFRASTRUCTURE

MoIAT to showcase new investment opportunities and incentives for industrial competitiveness and sustainability at ADIPEC 2023

MoIAT to showcase new investment opportunities and incentives for industrial competitiveness and sustainability at ADIPEC 2023
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MoIAT to showcase new investment opportunities and incentives for industrial competitiveness and sustainability at ADIPEC 2023  ZAWYA

MoIAT to showcase new investment opportunities and incentives for industrial competitiveness and sustainability at ADIPEC 2023

Ministry of Industry and Advanced Technology to Showcase Incentives for Sustainable Growth at ADIPEC 2023

The Ministry of Industry and Advanced Technology (MoIAT) is set to showcase a range of new incentives at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2023 to support the sustainable growth of national industries.

Participation in ADIPEC

From 2-5 October at the Abu Dhabi National Exhibition Centre, MoIAT will participate in ADIPEC. In line with the Make it in the Emirates initiative, the ministry will host the ‘Manufacturing and Industrialization Strategic Conference’. It brings together major local and international industrial companies to enhance opportunities for growth through the adoption of advanced technologies and 4IR solutions. The conference promotes sustainable consumption and production best practices to accelerate the sector’s low-carbon transition.

Showcasing Competitive Advantages

At the conference, MoIAT will showcase the competitive advantages of the UAE’s industrial sector, including investment opportunities, as well as incentives and enablers under the Make it in the Emirates initiative.

Incentives and Programs

The ministry will announce incentives linked to the Industrial Technology Transformation Index (ITTI), including Golden Visa opportunities, in addition to free-of-charge ITTI assessments by the Abu Dhabi Department of Economic Development (ADDED) and in partnership with Maxbyte and Schneider Electric. MoIAT will also introduce the Green ICV under the National In-Country (ICV) Program to enhance the competitiveness and sustainability of companies.

Alignment with National Strategy

MoIAT’s participation aligns with the objectives of the National Strategy for Industry and Advanced Technology, Operation 300bn, to increase the contribution the industrial sector makes to GDP. The strategy also aims to create an attractive business environment for local and international investors, support the growth of UAE industries, and drive technological transformation.

Contribution to COP28

MoIAT’s participation at ADIPEC 2023, the world’s largest energy exhibition, comes ahead of COP28. The ministry will contribute to ADIPEC’s theme, ‘Decarbonising. Faster. Together’, by promoting the adoption of advanced technology as well as sustainability practices in the sector as the UAE prepares to host the global climate conference.

Keynote Speech and Panel Discussions

The ministry will host panel discussions on leveraging advanced technologies to build the industries of the future, the Make it in the Emirates initiative, as well as a roundtable for UAE Climate Tech Forum chief technology officers. His Excellency Omar Al Suwaidi, Undersecretary of MoIAT, will deliver a keynote speech on enhancing the role of the industrial sector in achieving sustainable development. He will also participate in a session on Make it in the Emirates initiative, a local blueprint for empowering global economies.

Participation in Various Sessions

Representatives from the ministry will participate in a panel discussion on leadership perspectives on industrial policy and the synergy between the public and private sectors. They will include His Excellency Abdulla Al Shamsi, Assistant Undersecretary for the Industrial Growth Sector at MoIAT. Her Excellency Dr. Farah Al Zarooni, Assistant Undersecretary for the Standards and Regulations Sector at MoIAT will participate in a session called the Circular Transformation Of Industries: A Systemic Approach. The ministry will also participate in a youth session on the Industrialist Program and conduct a presentation on the National ICV Program.

Strategic Partnerships

Senior officials from the ministry will visit the pavilions of a number of countries, including the US, to build on the strategic partnership signed between the UAE and US at last year’s exhibition with the aim of attracting industrial investments and implementing clean energy projects. MoIAT officials will also visit Italy’s pavilion. The visits will also include the India pavilion, building on the Comprehensive Economic Partnership Agreements (CEPAs) between the UAE and India. Other pavilions MoIAT will visit include the UK, a country of strategic importance with a developed industrial sector.

Training Programs and Roundtable Discussions

As part of its participation at ADIPEC, MoIAT is set to announce 4 training programs under the ‘Industrialists Program’ in the fields of safety and security; food and beverage; oil and gas, and metals and paper. The ministry will also participate in a roundtable discussion with the German-Emirati Joint Council for Industry and Commerce (AHK) to showcase the competitive advantages of the UAE economy and highlight success stories of German companies. The roundtable will include presentations from ADNOC on opportunities in the energy sector and Khalifa Economic Zones (KEZAD). The roundtable will also present incentives provided by the Abu Dhabi Department of Economic Development (ADDED), in addition to opportunities at Ras Al Khaimah Economic Zone (RAKEZ) Dubai Industrial City and Fujairah Free Zone. Financial incentives by Emirates Development Bank and Etihad Credit Insurance will also be discussed.

About the Ministry of Industry and Advanced Technology

The Ministry of Industry and Advanced Technology (MoIAT) was established in July 2020 to boost the industrial sector’s contribution to the UAE’s GDP and drive sustainable industrial development. The ministry was formed by combining the Office of the Minister of State for Advanced Technology, the Emirates Authority for Standardization and Metrology (ESMA), and the industrial department of the Ministry of Energy and Infrastructure.

MoIAT is responsible for formulating policies, laws, and programs that attract foreign direct investment, enhance national added value, support entrepreneurship, create jobs, attract talents, upskill national cadres, promote exports, and raise the competitiveness of products manufactured in the UAE. To achieve these objectives, MoIAT has created an advanced national quality infrastructure system.

MoIAT leverages its expertise, capabilities, and resources to strengthen the national industrial ecosystem by facilitating the establishment of industrial zones, promoting the adoption of advanced technologies and the integration of Fourth Industrial Revolution solutions, and enabling the growth of priority sectors as well as industries of the future. The ministry’s work contributes to national efforts to build a diversified, knowledge-based economy and achieve industrial self-sufficiency.

The ministry is a key driver of the UAE’s Net Zero by 2050 strategic initiative and is playing an important role in the country’s COP28 agenda.

Contact Information

For More Information, please contact:

MoIAT’s team: Commsteam@moiat.gov.ae

Tasnim Hijazi

APCO Worldwide

E: thijazi@apcoworldwide.com

SDGs, Targets, and Indicators Analysis

1. Which SDGs are addressed or connected to the issues highlighted in the article?

  • SDG 9: Industry, Innovation, and Infrastructure
  • SDG 12: Responsible Consumption and Production
  • SDG 13: Climate Action

The article discusses the Ministry of Industry and Advanced Technology’s participation in the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) to support the sustainable growth of national industries. This aligns with SDG 9, which focuses on promoting inclusive and sustainable industrialization and fostering innovation. Additionally, the conference promotes sustainable consumption and production best practices, which are key elements of SDG 12. The ministry’s contribution to ADIPEC’s theme of ‘Decarbonising. Faster. Together’ also connects to SDG 13, which aims to take urgent action to combat climate change and its impacts.

2. What specific targets under those SDGs can be identified based on the article’s content?

  • SDG 9.2: Promote inclusive and sustainable industrialization
  • SDG 12.2: Achieve sustainable management and efficient use of natural resources
  • SDG 13.2: Integrate climate change measures into national policies, strategies, and planning

The article mentions that the Ministry of Industry and Advanced Technology will showcase the competitive advantages of the UAE’s industrial sector, including investment opportunities, incentives, and enablers under the Make it in the Emirates initiative. These actions contribute to SDG 9.2 by promoting inclusive and sustainable industrialization. The conference also promotes sustainable consumption and production best practices, which aligns with SDG 12.2. Furthermore, the ministry’s participation in ADIPEC’s theme of decarbonization and promoting the adoption of advanced technology and sustainability practices in the sector supports SDG 13.2.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

  • Number of investment opportunities and incentives provided to support industrial growth
  • Adoption rate of advanced technologies and 4IR solutions in the industrial sector
  • Reduction in carbon emissions and energy consumption in the sector

The article mentions that the Ministry of Industry and Advanced Technology will showcase investment opportunities, incentives, and enablers under the Make it in the Emirates initiative. The number of these opportunities and incentives provided can serve as an indicator to measure progress towards promoting inclusive and sustainable industrialization (SDG 9.2). Additionally, the adoption rate of advanced technologies and 4IR solutions in the industrial sector can be measured to assess progress towards sustainable management and efficient use of natural resources (SDG 12.2). Lastly, the reduction in carbon emissions and energy consumption in the sector can be monitored to track progress towards integrating climate change measures into national policies (SDG 13.2).

SDGs, Targets, and Indicators Table

SDGs Targets Indicators
SDG 9: Industry, Innovation, and Infrastructure Promote inclusive and sustainable industrialization – Number of investment opportunities and incentives provided to support industrial growth
SDG 12: Responsible Consumption and Production Achieve sustainable management and efficient use of natural resources – Adoption rate of advanced technologies and 4IR solutions in the industrial sector
SDG 13: Climate Action Integrate climate change measures into national policies, strategies, and planning – Reduction in carbon emissions and energy consumption in the sector

Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.

Source: zawya.com

 

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