UAE launches program to develop 1,000 technological projects

RIYADH: The UAE has launched a national program that aims to develop 1,000 technological projects, in a bid to boost the pace of technological transformation in the industrial and production sectors.

The program entails the establishment of national centers for industrial empowerment and plans to export 15 billion dirhams ($4 billion) worth of advanced Emirati technological products annually. 

“Our goal is a paradigm shift for the automation of the industry,” Sheikh Mohammed bin Rashid Al- Maktoum, UAE’s vice president and ruler of Dubai,  said in a tweet. 

The program falls in line with the nation’s aim to place the country as a global industrial hub by 2031.

Last year, the UAE launched an industrial strategy, named Operation 300 billion, as the country seeks to increase the industrial sector’s contribution to the gross domestic product to 300 billion dirhams in 2031, up from 133 billion dirhams in 2021. 

Leave a Reply

Your email address will not be published. Required fields are marked *