Abu Dhabi: The Economic Development Department of Abu Dhabi (ADDED) has launched the “Abu Dhabi Smart Manufacturing Index,” as part of the implementation of the aims and goals outlined in the Abu Dhabi Industrial Strategy. Smart Manufacturing Index directs and promotes private sector players’ transition to Industry 4.0 technology, applications, and techniques.
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 to the “Abu Dhabi Smart Manufacturing Index” gives a crucial and thorough framework for evaluating the capabilities of industrial facilities, finding gaps, and suggesting practical steps to reach the desired level of Industry 4.0 technology.
The Index equips enterprises with the essential knowledge and training to begin an Industry 4.0 transformation journey and scale up with speed and quality to encourage innovation and improve competitiveness in the industrial sector.
The Index provides a clear and simple road map by breaking complex ideas into six building blocks. It starts by figuring out how ready a production facility is, then suggests ways to make it more readily, gives steps for changing its facilities and finds the best products to help get the most out of switching to advanced manufacturing.
Mr. Mohamed Ali Al Shorafa, Chairman of ADDED pointed out that, “The Abu Dhabi Industrial Strategy has ushered in a new era, not only for the manufacturing sector but for the whole economic landscape in the region. To further enhance a smart, circular, and sustainable economy, we are forging ahead with taking the manufacturing sector to the next level by empowering industrial facilities to keep pace with the latest trends and solutions.
Backed by strong fundamentals and a unique business ecosystem, Abu Dhabi continues to cement its status as a leading industrial hub in the region. We believe it is paramount to equip manufacturers with vital, seamless, and effective mechanisms to transition to Industry 4.0 technologies and applications to drive future growth and pre-empt shifts in demand and supply. The Abu Dhabi Smart Manufacturing Index’ addresses all aspects of the transition to methods of tomorrow’s manufacturing.
Mr. Mohamed Ali highlighted.
The Abu Dhabi Industrial Strategy has a lot of goals, such as growing the sector to $46.83 billion (AED 172 billion), creating 13,600 new jobs, and increasing the Emirate’s non-oil exports to $48.68 billion (AED 178.8 billion) by 2031. Since the launch of the strategy, ADDED has been putting plans into action and working with top international institutions to reach these goals.
The Economic Development Department recently started the Land Incentives program, which offers long-term lease contracts for industrial land with rental rebates as low as $1.36 (AED 5) per square meter. This program is meant to help manufacturers grow and develop by making it easier for them to spend money on capital investments and manage their cash flow.
By providing preferential rates for gas and electricity to the industrial sector based on eligibility criteria such as economic impact, Emiratization rate, and energy management effectiveness, the department also increased the Energy Tariff Incentive Programme (ETIP 2.0).
The Abu Dhabi Economic Development Department also keeps working with important international partners to improve the environment for innovation and entrepreneurship and to improve the technical skills of the industrial workforce so that it can move to Industry 4.0 technologies. This includes developing talents and specialists.
ADDED’s Industrial Development Bureau (IDB) looked at 76 facilities to see if they were ready to use Industry 4.0 technologies in the first half of 2022.
IDB is in charge of the “Abu Dhabi Smart Manufacturing Index,” and it will work closely with manufacturers and other related organizations to make sure it works well over the next few years.