UAE Signs MoUs to Kick-Start Fourth Industrial Revolution Program

  • Date: 14-Oct-2021
  • Source: Asharq AL-awsat
  • Sector:Industrial
  • Country:UAE
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UAE Signs MoUs to Kick-Start Fourth Industrial Revolution Program

The signing ceremony of the MoUs between UAE and 12 industrial entities (WAM)

The UAE signed Memoranda of Understanding (MoUs) with 12 industrial entities to kick-start the newly-announced Fourth Industrial Revolution Program, known as "UAE Industry 4.0," as part of Projects of the 50.

The signing was witnessed by Minister of Industry and Advanced Technology Sultan al-Jaber, Minister of State for Advanced Technology Sarah al-Amiri, and Under-Secretary of Ministry of Industry and Advanced Technology Omar al-Suwaidi.

"UAE Industry 4.0" is designed to accelerate the integration of 4IR solutions and applications across the UAE's industrial sector to enhance the UAE's overall industrial competitiveness.

"UAE Industry 4.0" aims to increase industrial productivity by 30 percent and add $6.8 billion to the national GDP in ten years. It is a key pillar of the UAE's Operation 300Bn which aims to increase industry contribution to national GDP to $81.6 billion.

It will do so through several core elements, including establishing the Champions 4.0 Network, in which leading local and international companies will unite to share best-practice in the deployment of 4IR technologies across the UAE's industrial sector.

Participating entities include the Abu Dhabi National Oil Company (ADNOC), EDGE, Honeywell, Unilever, Ericsson, Schneider Electric, Emirates Global Aluminium, Microsoft, CISCO, SAP, AVEVA,