UAE to establish 500 national technology companies

Gulf Today, Staff Reporter

As part of the "Projects of the 50," the UAE Government launched the Fourth Industrial Revolution Network to promote the adoption of advanced technologies in the national industrial sector.

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.

The move will also 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.

Through the network, the Smart Industry Readiness Index will be developed to support the digital transformation of 200 industrial companies after evaluating the efficiency of digital operations.

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.