MoIAT to showcase new investment opportunities and incentives for industrial competitiveness and sustainability at ADIPEC 2023
MoIAT to showcase new investment opportunities and incentives for ... Emirates News Agency
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Ministry of Industry and Advanced Technology to Showcase Incentives at ADIPEC 2023
ABU DHABI, 30th September, 2023 (WAM) – The Ministry of Industry and Advanced Technology (MoIAT) is set to showcase a range of new incentives at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2023 to support the sustainable growth of national industries.
Make it in the Emirates Initiative
From 2-5 October at the Abu Dhabi National Exhibition Centre, MoIAT will participate in ADIPEC. In line with the ‘’Make it in the Emirates” initiative, the ministry will host the ‘Manufacturing and Industrialization Strategic Conference’.
It brings together major local and international industrial companies to enhance opportunities for growth through the adoption of advanced technologies and 4IR solutions. The conference promotes sustainable consumption and production best practices to accelerate the sector’s low-carbon transition.
Showcasing Competitive Advantages
At the conference, MoIAT will showcase the competitive advantages of the UAE’s industrial sector, including investment opportunities, as well as incentives and enablers under the Make it in the Emirates initiative.
The ministry will announce incentives linked to the Industrial Technology Transformation Index (ITTI), including Golden Visa opportunities, in addition to free-of-charge ITTI assessments by the Abu Dhabi Department of Economic Development (ADDED) and in partnership with Maxbyte and Schneider Electric. MoIAT will also introduce the Green ICV under the National In-Country (ICV) Program to enhance the competitiveness and sustainability of companies.
National Strategy for Industry and Advanced Technology
MoIAT’s participation aligns with the objectives of the National Strategy for Industry and Advanced Technology, Operation 300bn, to increase the contribution the industrial sector makes to GDP. The strategy also aims to create an attractive business environment for local and international investors, support the growth of UAE industries, and drive technological transformation.
Contributing to Sustainable Development
MoIAT’s participation at ADIPEC 2023, the world’s largest energy exhibition, comes ahead of COP28. The ministry will contribute to ADIPEC’s theme, ‘Decarbonising. Faster. Together’, by promoting the adoption of advanced technology as well as sustainability practices in the sector as the UAE prepares to host the global climate conference.
The ministry will host panel discussions on leveraging advanced technologies to build the industries of the future, the Make it in the Emirates initiative, as well as a roundtable for UAE Climate Tech Forum chief technology officers.
Keynote Speech and Panel Discussions
Omar Al Suwaidi, Undersecretary of MoIAT, will deliver a keynote speech on enhancing the role of the industrial sector in achieving sustainable development. He will also participate in a session on Make it in the Emirates initiative, a local blueprint for empowering global economies.
Representatives from the ministry will participate in a panel discussion on leadership perspectives on industrial policy and the synergy between the public and private sectors. They will include His Excellency Abdulla Al Shamsi, Assistant Undersecretary for the Industrial Growth Sector at MoIAT.
Dr. Farah Al Zarooni, Assistant Undersecretary for the Standards and Regulations Sector at MoIAT, will participate in a session called the Circular Transformation Of Industries: A Systemic Approach. The ministry will also participate in a youth session on the Industrialist Program and conduct a presentation on the National ICV Program.
Building Strategic Partnerships
Senior officials from the ministry will visit the pavilions of a number of countries, including the US, to build on the strategic partnership signed between the UAE and US at last year’s exhibition with the aim of attracting industrial investments and implementing clean energy projects. MoIAT officials will also visit Italy’s pavilion. The visits will also include the India pavilion, building on the Comprehensive Economic Partnership Agreements (CEPAs) between the UAE and India. Other pavilions MoIAT will visit include the UK, a country of strategic importance with a developed industrial sector.
Industrialists Program and Roundtable Discussion
As part of its participation at ADIPEC, MoIAT is set to announce 4 training programs under the ‘Industrialists Program’ in the fields of safety and security; food and beverage; oil and gas, and metals and paper.
The ministry will also participate in a roundtable discussion with the German-Emirati Joint Council for Industry and Commerce (AHK) to showcase the competitive advantages of the UAE economy and highlight success stories of German companies. The roundtable will include presentations from ADNOC on opportunities in the energy sector and Khalifa Economic Zones (KEZAD).
The roundtable will also present incentives provided by the Abu Dhabi Department of Economic Development (ADDED), in addition to opportunities at Ras Al Khaimah Economic Zone (RAKEZ) Dubai Industrial City and Fujairah Free Zone. Financial incentives by Emirates Development Bank and Etihad Credit Insurance will also be discussed.
ADIPEC 2023
ADIPEC 2023 will see the participation of more than 2,200 companies, including 54 major local and international energy players, in addition to 30 pavilions. The event will tackle global climate and energy challenges, addressing decarbonization efforts to accelerate the energy transition and achieve sustainability. The exhibition will comprise more than 350 sessions, with the participation of more than 1,600 high-level speakers to mobilize different sectors and shape a more sustainable future.
SDGs, Targets, and Indicators Identified in the Article
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 9: Industry, Innovation, and Infrastructure | Target 9.2: Promote inclusive and sustainable industrialization | No specific indicators mentioned in the article |
| SDG 12: Responsible Consumption and Production | Target 12.2: Achieve sustainable management and efficient use of natural resources | No specific indicators mentioned in the article |
| SDG 13: Climate Action | Target 13.2: Integrate climate change measures into national policies, strategies, and planning | No specific indicators mentioned in the article |
| SDG 17: Partnerships for the Goals | Target 17.6: Enhance North-South, South-South, and triangular regional and international cooperation on and access to science, technology, and innovation | No specific indicators mentioned in the article |
1. Which SDGs are addressed or connected to the issues highlighted in the article?
SDG 9: Industry, Innovation, and Infrastructure
The article discusses the Ministry of Industry and Advanced Technology’s participation in the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) to support the sustainable growth of national industries. This aligns with SDG 9, which aims to promote inclusive and sustainable industrialization.
SDG 12: Responsible Consumption and Production
The article mentions that the conference at ADIPEC promotes sustainable consumption and production best practices to accelerate the sector’s low-carbon transition. This connects to SDG 12, which focuses on achieving sustainable management and efficient use of natural resources.
SDG 13: Climate Action
The article highlights the ministry’s contribution to ADIPEC’s theme of ‘Decarbonising. Faster. Together’ and the promotion of advanced technology and sustainability practices in the sector. This relates to SDG 13, which calls for urgent action to combat climate change and its impacts.
SDG 17: Partnerships for the Goals
The article mentions the ministry’s visits to various pavilions, including the US, Italy, India, and the UK, to build strategic partnerships and attract industrial investments. This aligns with SDG 17, which emphasizes the importance of partnerships for achieving sustainable development goals.
2. What specific targets under those SDGs can be identified based on the article’s content?
Target 9.2: Promote inclusive and sustainable industrialization
The Ministry of Industry and Advanced Technology’s participation in ADIPEC aims to support the sustainable growth of national industries, showcasing the competitive advantages of the UAE’s industrial sector and promoting investment opportunities.
Target 12.2: Achieve sustainable management and efficient use of natural resources
The conference at ADIPEC promotes sustainable consumption and production best practices to accelerate the sector’s low-carbon transition, contributing to the goal of achieving sustainable management and efficient use of natural resources.
Target 13.2: Integrate climate change measures into national policies, strategies, and planning
The ministry’s contribution to ADIPEC’s theme of ‘Decarbonising. Faster. Together’ and the promotion of advanced technology and sustainability practices in the sector align with the target of integrating climate change measures into national policies, strategies, and planning.
Target 17.6: Enhance North-South, South-South, and triangular regional and international cooperation on and access to science, technology, and innovation
The ministry’s visits to various pavilions, including the US, Italy, India, and the UK, to build strategic partnerships and attract industrial investments align with the target of enhancing regional and international cooperation on science, technology, and innovation.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
No specific indicators are mentioned or implied in the article that can be used to measure progress towards the identified targets.
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: wam.ae
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