As part of its implementation of the initiatives and goals outlined by the Abu Dhabi Industrial Strategy, the Abu Dhabi Department of Economic Development (ADDED) has announced the launch of the “Abu Dhabi Smart Manufacturing Index,” which directs and facilitates private sector players’ transition to Industry 4.0 technologies, applications, and methods.
The government of Abu Dhabi’s push to hasten the adoption of Industry 4.0 across all manufacturing and industrial players is intended to transform the state of the sector as it further aligns with global benchmarks and best practices, reiterating the principles of the Abu Dhabi Industrial Strategy, which was launched in June.
The introduction of the “Abu Dhabi Smart Manufacturing Index” offers a crucial, thorough framework for evaluating industrial facility capabilities, spotting gaps, and suggesting doable measures for achieving the desired Industry 4.0 maturity.
The Index equips manufacturers with the necessary knowledge and training to begin an Industry 4.0 transformation journey and scale up with speed and quality in order to foster innovation and improve competitiveness in the industrial sector.
It provides a clear and simple roadmap by breaking complex ideas down into six building blocks. It begins by assessing the current state of a production facility, then suggests ways to improve readiness levels, steps for transforming their facilities, and best production practices to help companies benefit from switching to advanced manufacturing.
The Abu Dhabi Industrial Strategy has ushered in a new age, not just for the manufacturing sector but for the entire economic landscape in the region, according to Mohamed Ali Al Shorafa, chairman of ADDED.
By enabling industrial facilities to stay up with the newest trends and solutions, we are moving forward with taking the manufacturing sector to the next level in order to further develop a smart, circular, and sustainable economy.
Al Shorafa continues, “Abu Dhabi continues to cement its status as a leading industrial hub in the region, supported by strong fundamentals and a distinctive business ecosystem. In our opinion, it is crucial to provide manufacturers with crucial, smooth, and efficient transitional mechanisms to Industry 4.0 technologies and applications in order to spur future growth and prepare for changes in demand and supply. The transition to the manufacturing processes of tomorrow is covered in full by the “Abu Dhabi Smart Manufacturing Index.”
In order to achieve the ambitious goals of the Abu Dhabi Industrial Strategy, including the targeted growth of the sector to Dhs 172 billion, the creation of 13,600 new jobs, and an increase in the Emirate’s non-oil exports to Dhs178.8 billion by 2031, ADDED has been implementing initiatives and collaborating with top international institutions since the strategy’s launch.
In order to encourage manufacturers’ expansion and development by boosting capital expenditures and cash-flow management, ADDED recently introduced the Land Incentives program, which offers long term leasing contracts for industrial land through rental rebate at rates as low as Dhs 5 per square meter.
By providing preferential pricing for gas and electricity to the industrial sector based on eligibility criteria such as economic impact, emiratization rate, and energy management effectiveness, ADDED also increased the Energy Tariff Incentive Programme (ETIP 2.0).
Additionally, ADDED keeps working with important international partners to strengthen the environment for innovation and entrepreneurship and to develop the technical skills of the industrial workforce to transition to Industry 4.0 technologies, including developing talents and specialists.
The Industrial Development Bureau (IDB) of ADDED evaluated the readiness of 76 facilities to adopt Industry 4.0 technologies during the first half of 2022.
The “Abu Dhabi Smart Manufacturing Index” is managed by IDB, and IDB will collaborate closely with manufacturers and other related organizations to ensure successful execution over the coming period.
A knowledge-based, diverse, and sustainable economy is the goal of the Abu Dhabi Department of Economic Development (ADDED), which also oversees the emirate’s corporate sector.
ADDED adopts the best policies and practices based on the most recent research and statistics, devotes its efforts to promoting development and renaissance across various sectors, and prepares strategic programmes and plans by utilizing the best administrative and economic practices, the most recent technology, and international expertise.