22 November 2024, Fri |
4:21 PM
The Ministry of Industry and Advanced Technology (MoIAT), in collaboration with du from Emirates Integrated Telecommunication Company (EITC) and Emirates Development Bank, has signed a Memorandum of Understanding (MoU) to launch the Transform 4.0 Program. This initiative aligns with the National Strategy for Industry and Advanced Technology and falls under the Technology Transformation Program (TTP). The goal is to empower 100 high-potential industrial companies to adopt Fourth Industrial Revolution (4IR) solutions, revolutionizing the UAE’s manufacturing sector and establishing Industry 4.0 lighthouses within three to five years.
Strategic Collaboration for Industrial Advancement
The MoU was formalized at the Make it in the Emirates (MIITE) Forum, emphasizing a collective commitment to enhancing the UAE’s manufacturing landscape through digital advancements.
His Excellency Tariq Al Hashmi, Acting Assistant Undersecretary for the Advanced Technology Sector at MoIAT, highlighted the significance of the Transform 4.0 Program:
“In line with the National Strategy for Industry and Advanced Technology, particularly in 4IR adoption, this program demonstrates the UAE’s proactive approach to Industry 4.0. It underscores our dedication to enhancing the manufacturing sector’s capabilities, ensuring it remains at the forefront of technological innovation and efficiency.”
He added, “Launched as part of the Technology Transformation Program, this initiative underscores our commitment to creating an ecosystem that accelerates the digital transformation of industries, contributing to economic diversification. We will leverage du’s tailored digital transformation solutions to enhance national industrial competitiveness.”
Empowering Manufacturers with Tailored Solutions
At the heart of the Transform 4.0 Program is du’s unique consult-to-operate approach, offering tailored digital transformation solutions to elevate the competitiveness of the national manufacturing sector.
Jasim Al Awadi, Chief ICT Officer at du, remarked: “Today’s agreement marks the beginning of a transformational journey for the UAE’s industrial sector. With the Transform 4.0 Program, du is committed to leveraging our expertise and pioneering digital solutions to empower manufacturers, fostering innovation and excellence. Together with our esteemed partners, we are leading the way towards a future where digital transformation drives sustainable growth and competitive advantage.”
Comprehensive Support for Industrial Transformation
The partnership provides a robust support system for eligible manufacturers, including advisory and implementation services, competitive financing rates from Emirates Development Bank, and comprehensive program governance— all at no cost to participants. This integrated approach ensures manufacturers are fully equipped and supported throughout their transformation journey.
Shaker Zainal, Chief Business Officer of Emirates Development Bank, commented: “At Emirates Development Bank, we recognize the importance of strategic partnerships as a catalyst for economic growth and industrial innovation. We are proud to spearhead this transformative initiative, providing the essential financial foundation to propel our manufacturers into the future. Through Transform 4.0, we are not only equipping our manufacturers with cutting-edge innovations and robust financial support but also consolidating the UAE’s position as a global leader in industrial excellence. Manufacturing is one of Emirates Development Bank’s top five priority sectors, and this initiative underscores our commitment to technological advancements and sustainable growth within the industry.”
Paving the Way for Manufacturing Excellence
With a meticulously structured framework, the Transform 4.0 Program promises significant qualitative and quantitative value to participants, paving the way for a new era of manufacturing excellence in the UAE. This initiative aims to bolster the UAE’s position as a global hub for innovation and industrial prowess, ensuring that the nation remains competitive in the rapidly evolving industrial landscape.
