“At the same time, it is important to prepare against future crises by further integrating our supply chains so that we can secure inventories of vital materials such as medicine and food, as well as enhance our cooperation on research and development in these sectors,” His Excellency said.
His Excellency also highlighted that the Fourth Industrial Revolution offers great opportunities for cooperation and growth beyond the pandemic, saying: “in the era of the Fourth Industrial Revolution, GCC industrial sector is well-placed to benefit from 4IR thanks to innovative solutions in AI, robotics, biotechnology, the Internet of Things and more.
He added, “Comprehensive industrial development will promote the in-country value and economic diversification and assist in protecting the environment through better resource and energy efficiency. In addition, it will have positive social impacts such as increasing workplace safety, enhancing public services, upgrading infrastructure, and contributing to building smart cities.”
During the meeting, His Excellency shared the UAE’s experience in developing a national strategy for the Fourth Industrial Revolution and Artificial Intelligence, appointing the first Minister for Artificial Intelligence, and most recently the establishment of the Ministry for Industry and Advanced Technology, which aims to focus on industrial development, increasing in-country value, and raising the efficiency and competitiveness of national industries.
