Industry Development Council meets to discuss enablers, incentives, technology transformation, and net zero

Industry Development Council meets to discuss enablers, incentives, technology transformation, and net zero

ABU DHABI, 25th April, 2023 (WAM) -- The fourth meeting of the Industry Development Council (IDC) discussed key national developments in industry, manufacturing, technology and sustainability.

Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Chairman of the Industry Development Council, presided over the meeting, during which the Ministry of Finance and Tawazun Council were welcomed as new members.

The IDC is dedicated to enhancing the industrial sector's performance and competitiveness and offering quality enablers, incentives and policies to stimulate investment and contribute to national priorities, such as economic diversification and net zero.

During the virtual meeting, the council discussed measures to stimulate the industrial sector. It examined the progress of important projects, such as updates to legislation and regulation, and the progress on the industrial census. It required policies that allowed factories to generate electricity from renewable energy sources in line with the UAE’s efforts to reduce emissions and reach net zero. It further explored the key enablers and incentives that support sustainable industrial development.

The council also discussed the formation of the Committee for the Industrial Technology Transformation Index, which was launched by the Ministry of Industry and Advanced Technology in cooperation with the Abu Dhabi Department of