Organized by ADCED in collaboration with DED Industrial Linkages Forum kicks off on September 20, with the participation of more than 200 people
Khalifa Al Mansouri:
The forum aims to create an integrated industrial base through linkages between local industries
Abu Dhabi, September ..
In collaboration with the Department of Economic Development (DED) and the Abu Dhabi Chamber, Abu Dhabi Council for Economic Development (ADCED) organizes the Industrial Linkages Forum on September 20 at the Abu Dhabi National Exhibition Centre with the participation of more than 200 people representing major industrial companies and representatives of small and medium-sized companies related to the industrial sector.
HE Khalifa bin Salem Al Mansouri, the Acting Under Secretary of DED said the forum aims to create an integrated industrial base through linkages between key industries in the emirate and their needs which can be provided by small and medium industries and free zones and to benefit from manufacturing industries and suppliers and linking them to the key industries.
He noted that the theme of the forum is consistent with the objectives and initiatives of the updated Abu Dhabi Industrial Strategy 2016-2020, which focuses in the next stage on providing and improving the business environment for the industrial sector in the short term. Over time, the strategy will support a number of targeted industries, which are dependent on some of the current key industries, as well as creating greater added value and better managing resources HE the DED Undersecretary explained that the output of the Industrial Linkages Forum would contribute to support the industrial sectors targeted in the Industrial Strategy i.e. aviation, defense, industrial equipment, plastic materials and final products of metals, which will be supported by the current key industries in the emirate such as steel, aluminum and petrochemicals.
He added the main thrust of the Abu Dhabi government strategy in developing the industrial sector in the next stage is to move away from government investment in industrial sectors and to invest in policies and initiatives that will improve and increase the competitiveness and attractiveness of the Emirate of Abu Dhabi for investors, who are interested in engaging in industrial activities in the emirate, especially by small and medium-sized companies.
On the other hand, Khalifa Al Hosani, the project manager of the industrial linkages study prepared by ADCED said the idea of the Industrial Linkages Forum came as a reflection of the findings and recommendations of a particular study of the industrial sector of the Emirate of Abu Dhabi, which was carried out by the Council. The study highlighted the importance of focusing on the promotion of investment in the manufacturing industries in the next stage as prioritized in the updated industrial strategy 2016 – 2020, prepared by DED’s Industrial Development Bureau.
Al Hosani stressed the importance of the forum in promoting efforts to create linkages between key industries in the emirate and their needs that can be provided by small and medium industries, as this will contribute to strengthening and developing the role of the industry and its competitiveness on the local, regional and global levels. This will be also in line with the objectives of the Abu Dhabi economic development plan through the implementation of a programme of "an effective private sector and pioneering investment opportunities" and "attracting domestic and foreign investment and strengthening the role of the private sector."
The participants in the Industrial Linkages Forum include the Department of Economic Development, the Abu Dhabi Chamber, Khalifa Fund for Enterprise Development, Higher Corporation for Specialized Economic Zones and Khalifa Industrial Zone Abu Dhabi (Kizad), in addition to 15 government-owned industrial companies and a number of small and medium-sized industrial companies related to the industrial sector.
The Forum is sponsored by the Abu Dhabi Chamber and a number of major industrial companies such as the Emirates Global Aluminum, Abu Dhabi Ship Building, Strata and Emirates Steel.