Dubai, United Arab Emirates: The United Arab Emirates’ industrial sector received a major boost as the Ministry of Industry and Advanced Technology announced it will adopt the Smart Industry Readiness Index (SIRI), the global standard used by the World Economic Forum (WEF) to assess digital developments.
The announcement was made by H.E. Omar Suwaina Al Suwaidi, Undersecretary of UAE Ministry of Industry and Advanced Technology, during a keynote speech at the beginning of Day 2 of the Global Manufacturing and Industrialisation Summit (#GMIS2021). The Smart Industry Readiness Index will, he explained, provide companies in the UAE with a vital benchmark for their capacity to adopt the tools of the Fourth Industrial Revolution (4IR), equip them with frameworks to facilitate integration, and highlight the tangible benefits of digital transformation.
Al Suwaidi also revealed that the first 70 companies in the UAE’s industrial sector have now been evaluated, and can look forward to a new era of possibility, equipped with the ability to increase productivity, efficiency, product quality, and global competitiveness. The Ministry’s goal, he added, is to assess a total of 200 industrial companies by end-2022.
The Index forms a key part of Industry 4.0 program spearheaded by the UAE Ministry of Industry and Advanced Technology to accelerate the adoption of advanced technologies across the UAE’s industrial sector. During his speech, H.E. Omar Suwaina Al Suwaidi also outlined other initiatives that have been launched in support of this objective, including the Champions 4.0 Network, a group of 12 local and multinational companies that will showcase the benefits of 4IR technologies and offer practical insight and expertise to UAE enterprises.
He said: “The rewards for success are clear: higher productivity, better product quality, enhanced operational efficiency, reduced energy consumption – all of which can make a substantial contribution to our sustainable development goals.”
Under the theme ‘Rewiring Societies: Repurposing Digitalisation for Prosperity’, the second day of #GMIS2021 jump-started with great success, bringing together key global leaders from government, business, and civil society to discuss how data and connectivity are shaping the future of the manufacturing sector.
The Global Manufacturing and Industrialisation Summit (GMIS) was established in 2015 to build bridges between manufacturers, governments and NGOs, technologists, and investors in harnessing the Fourth Industrial Revolution’s (4IR) transformation of manufacturing to enable the regeneration of the global economy. A joint initiative by the United Arab Emirates and the United Nations Industrial Development Organisation (UNIDO), GMIS is a global platform that presents stakeholders with an opportunity to shape the future of the manufacturing sector and contribute towards global good by advancing some of the United Nations Sustainable Development Goals.
The first two editions of the Global Manufacturing and Industrialisation Summit were held in Abu Dhabi, United Arab Emirates in March 2017, and Yekaterinburg, Russia in July 2019, respectively, with each edition welcoming over 3,000 high-level delegates from over 40 countries. The third edition, GMIS2020, was held virtually in September 2020 and convened over 10,000 attendees and close to 100 thought-provoking leaders from governments, businesses, and civil society.
#GMIS2021, the fourth edition of the Global Manufacturing and Industrialisation Summit, will be held once again in the United Arab Emirates from November 22 to 27, alongside EXPO Dubai, under the theme – Rewiring Societies: Repurposing Digitalisation for Prosperity.