UAE to establish 500 national technology companies

Dubai: The UAE government on Sunday launched the Fourth Industrial Revolution Network to promote the adoption of advanced technologies in the national industrial sector as part of “Projects of the 50.”

The project, which aims to establish and grow 500 national companies equipped with the technologies of the Fourth Industrial Revolution, will be key in creating an attractive business environment to meet the needs of local and international investors, support the continuous growth of national industries, improve their competitiveness, and enhance the UAE’s position as a global destination for pioneering future industries with world-class infrastructure and a skilled and technologically advanced workforce.

The network is designed to provide a platform that brings together 15 leading national companies in technology adoption to transfer knowledge, share best practices and train 100 CEOs in the industrial sector on the latest digital trends.

ADNOC, Strata, EDGE and Emirates Global Aluminium will be joined by leading global companies in technology development such as Siemens, Microsoft, Cisco and IBM to share successful implementation of advanced technology and applications of the Fourth Industrial Revolution.

Focus on competitiveness

As part of “Projects of the 50”, the UAE Government has launched three initiatives designed to strengthen the UAE’s ability to keep pace with the ever-evolving global economy and consolidate its position as one of the world’s most attractive countries for foreign direct investment.

Source: gulfnews