UAE launches industrial census undertaking

WAM

The UAE has launched a census undertaking aimed toward making a complete database of all institutions that observe industrial actions.

It may also embrace these working in free zones, whether or not their licences are industrial or non-industrial.

The undertaking will probably be applied by the Ministry of Industry and Advanced Technology (MoIAT) in collaboration with the Federal Competitiveness and Statistics Centre (FCSC), the members of the Industry Development Council, and the native statistics centres.

As a part of the initiative, MoIAT will present industrial firms and institutions with a dependable and versatile mechanism to take part within the census and submit their data.

The undertaking will assist create new funding alternatives for producers, buyers, and firm homeowners, in addition to assist determination makers monitor, assess and improve the competitiveness of the economic sector.

It’s consistent with the nationwide technique for trade and superior know-how, Operation 300 billion, which goals to assist create a enterprise setting that pulls native and worldwide investments within the industrial sector and increase the expansion and competitiveness of nationwide industries.

“Developing a comprehensive, reliable and up-to-date industrial database will help us provide suppliers and manufacturers will scientific analysis to help develop a comprehensive picture of the current landscape and a view of potential future challenges. It will also help us identify SMEs that require government support, as well as ways to enhance their competitiveness in local, regional and global markets,” stated Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Chairman of the Industry Development Council.

As a part of the undertaking, MoIAT has developed a web based kind collectively with FCSC and can share it with industrial firms, together with these in free zones, to fill out inside 60 days.

The on-line kind will request details about their companies, akin to licences, shareholders, some monetary figures, R&D bills, variety of employees, and the amount and worth of inputs in industrial manufacturing as per the Harmonized System (HS).

Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, harassed that the privateness of the data submitted by the shape will probably be maintained, and the curated database will solely be used for the analytical analysis.

The undertaking goals to measure the economic sector’s efficiency and contribution to nationwide GDP to assist upscale native industrial capabilities and promote integration between authorities entities and stakeholders by exchanging associated data.

It may also enhance the sector’s readiness and enterprise continuity, particularly throughout crises, and improve the UAE’s rating in worldwide financial competitiveness indicators, together with these associated to meals and drugs safety.

“The importance of the Industrial Census project lies in making available accurate and up-to-date information on the status quo of our industrial companies and establishments. In turn, this informs the decision-making process and helps the government launch targeted initiatives and projects that enable the industrial sector and increase its share in the country’s non-oil GDP, which accounted for 11% in the first nine months of 2022,” defined Hanan Ahli, Director of FCSC.

Join the Industrial Census undertaking by scanning the QR code ⬇️, or visiting our web site https://t.co/gGd7DRe92h and assist form the way forward for #UAE‘s industrial sector #MakeItInTheEmirates pic.twitter.com/bOu4gx0lwL

— وزارة الصناعة والتكنولوجيا المتقدمة (@MoIATUAE) January 30, 2023