The Abu Dhabi Department of Economic Development (added) has launched a new index to help private sector industrial companies adopt smart manufacturing technologies to accelerate growth and boost competitiveness.
The new marker guides the transition of private sector players towards Industry 4.0 technologies, applications and methods as part of initiatives under Abu Dhabi’s industrial strategy, Added said in a statement on Sunday. .
“It is of paramount importance to equip manufacturers with vital, transparent and efficient mechanisms to transition to Industry 4.0 technologies and applications in order to drive future growth and anticipate changes in demand and supply. “, said Mohamed Al Shorafa, Chairman of Added.
“The Abu Dhabi Smart Manufacturing Index addresses all aspects of transitioning to the manufacturing methods of tomorrow.”
In June, the Abu Dhabi government pledged to invest 10 billion dirhams ($2.72 billion) in six industrial programs to more than double the size of the emirate’s manufacturing sector to 172 billion dirhams. 2031.
This will be done by expanding access to finance, further improving the ease of doing business and attracting foreign direct investment as part of Abu Dhabi’s industrial strategy to strengthen the emirate’s position as a center most competitive industry in the region.
“Abu Dhabi’s industrial strategy has ushered in a new era,” said Mr. Al Shorafa.
“To further enhance a smart, circular and sustainable economy, we are moving forward to take manufacturing to the next level by enabling industrial facilities to keep pace with the latest trends and solutions.”
The launch of the Abu Dhabi Smart Manufacturing Index provides a “critical and comprehensive framework” to assess the capabilities of industrial facilities, identify gaps and recommend practical steps to achieve targeted Industry 4.0 maturity, said Added.
The index will provide manufacturers with the knowledge and training needed for Industry 4.0 technologies.
It breaks down sophisticated concepts into six building blocks to provide a clear, easy-to-follow roadmap that starts with assessing the current state of a production facility, followed by ways to increase readiness levels, proposed steps to transform their facilities and identify the best production methods to capitalize on the shift to advanced manufacturing, Added said.
Since the deployment of the industrial strategy, Added has implemented initiatives to achieve its objectives.
Added recently launched the Land Incentives program, which offers long-term lease agreements for industrial land through rental discounts, with rates as low as Dh5 per square meter.
It also expanded the Energy Tariff Incentive Program (ETIP 2.0) by offering preferential gas and electricity tariffs to the industrial sector based on eligibility criteria such as economic impact, emirates and the efficiency of energy management.
In the first six months of this year, Added’s Industrial Development Bureau (IDB) assessed the readiness of 76 facilities to transition to Industry 4.0 technologies.
The IDB manages the Abu Dhabi Smart Manufacturing Index and will work closely with manufacturers and associated entities to execute the plan, Added said.
Updated: November 20, 2022, 11:19 a.m.