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UAE Industrial Summit Offers Initiative to Promote Global Prosperity | ASHARQ AL-AWSAT English Archive 2005 -2017
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Abu Dhabi – Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, launched the events on the Sheikh Mohammed Bin Rashid Award for Global Prosperity on the occasion of the world Summit on industry and industrialization being held in Abu Dhabi, United Arab Emirates.

The award is handed out annually to industrial innovations that serve humanity and contribute to a booming global economic prosperity.

A UN-backed industrial summit got underway in Abu Dhabi on Tuesday, with speakers highlighting the significance of industrial manufacturing to the growth of the UAE’s economy.

Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, has contributed to the creation of a culture of innovation at the local and international levels, said Sheikh Mohammed bin Zayed Al Nahyan.

Reviewing accomplishments, Sheikh Mohammed Al Nahyan said they achieve greater and broader horizons and adopt innovation as a way of life for the happiness and prosperity of society.

He stressed that it is no longer possible to achieve global economic prosperity and secure a better outlook for future generations without the international community cooperating and adopting a united global vision.

International cooperation is key to developing the global industrial sector, especially after being empowered by the tremendous capacities offered by the Fourth Industrial Revolution, which provides opportunities for youth, endorses innovation and promotes development.

The summit focuses on bringing together key industry experts and stakeholders to identify fundamental challenges in the manufacturing sector and provide transformational ideas and solutions, along with a vision for the future that supports and benefits the private and public sectors and civil society.

Sheikh Mohammed Al Nahyan said that the industrial sector is central to achieving global economic growth, providing job opportunities and improving lifestyle quality. It has been and continues to be a prime catalyst for innovation, creativity and cultural advancement.

The event also showcases a series of cross-industry R&D pilot projects that reflect the potential of convergent technologies and that will act as a catalyst to future collaborations and partnerships.

Abu Dhabi’s advanced composite aerostructures manufacturing facility Strata Manufacturing, today unveiled plans for its second facility at Nibras Al Ain Aerospace Park.

The Strata 2.0 facility will more than double Strata’s existing capacity and sets the company on a firm path towards Abu Dhabi’s long-term goal of achieving economic diversification and driving global competitiveness for the UAE’s manufacturing sector. Located adjacent to Strata’s existing facility, the second site will have a final size of approximately 60,000 sqm, with construction on the Strata facility expected to start in 2018, and set to become fully operational by 2020.

The new plant will manufacture two of the most complex work packages that include the horizontal tail plane, HTP, for the Airbus A320 and the vertical fin for Boeing’s B787 airliners. These work packages will be manufactured, fully equipped, tested and delivered directly to the final assembly lines of both Airbus and Boeing.

The Strata 2.0 facility will be designed as a “factory of the future” that will feature a range of smart technology solutions and equipment to support Strata’s ambition in becoming one of the top aero-structure companies globally, according to Ismail Ali Abdulla, Deputy CEO of Strata, who was speaking during a roundtable at the Global Manufacturing and Industrialization Summit, GMIS 2017, in Abu Dhabi.