How can PPPs boost UAE industrial development, job creation?
UAE's Minister of Industry and Advanced Technology, Dr Sultan Al Jaber on public-private collboration in industrial sector
The UAE’s Minister of Industry and Advanced Technology, Dr. Sultan bin Ahmed Al Jaber, while addressing his first meeting with the members of the Industrial Coordination Council (ICC) stressed on the importance of public-private partnerships (PPPs) to not only increase the In-Country Value, but boost industrial development.
According to the UAE’s state-held Emirates News Agency (Wam), Dr. Al Jaber, was joined in the virtual meeting by the country’s Minister of State for Advanced Sciences, Sarah bint Yousif Al Amiri — who is heading the UAE’s Mars Mission — said that the ICC would also work with the private sector to support the SME sector and create sustainable jobs.
For the first time, the ICC meeting also included key members from the UAE private sector, who engaged with the group on their views on how to enhance current regulatory and policy challenges in order to empower industrial sector growth and sustainability in the UAE.
At the meeting, Dr. Sultan Al Jaber said: "We have a formidable opportunity ahead to realise the ambitions of our leadership, play a pivotal role in the future of our national economy and achieve the three national priorities set forth which include empowering national industrial development, ensuring in country value and raising the competitiveness of our industries."
"A key enabler for success will be an active engagement with both the public and private sector to ensure regulatory and legislative frameworks are optimal, relevant and adapt to the realities of today and are flexible enough to provide the right platform for the change and growth our leadership envisages in the decades ahead.
"We must leverage the fundamental building blocks that are already in place, including our world-class logistics infrastructure, unique energy assets and a leading position in technological innovation and AI education, to drive our economy into the fourth industrial age."
He added that through the council’s work it will “identify, consult on and resolve issues at emirate and federal levels; test and prototype policies before they are rolled out; and engage with the industries, technology leaders and companies as a listening, constructive partner”.