Innovation i tech High

More documents

Recommendations

Info

WHITE PAPER ON UAE's STATE OF MANUFACTURING the introduction of universal health insurance. Another factor is increasing affluence, which is leading to demand for higherquality healthcare. The UAE’s 2021 Vision states that “the UAE [will] …invest continually to build worldclass healthcare infrastructure, expertise and services in order to fulfil citizens’ growing needs and expectations.” The tremendous growth of the UAE’s healthcare market poses two major challenges for the UAE These challenges include the recruitment and education of enough quality medical personnel, and to contain healthcare costs from spiralling out of control. Patients in the UAE tend to overconsume highly priced medical services, resulting to a high per capita healthcare and wellness spending. The rising costs can also be attributed to the industry, since the cost of surgery and healthcare treatments has risen by 30-40% in the last 3 years. This is due to overconsumption of medical services, increasing costs of medical equipment and competition for qualified Machinery professionals, and an increasing incidence of chronic diseases. To address these, the government aims to focus on the development of Public Private Partnerships, since 70% of the government’s expenditure goes to healthcare services. The goal is to encourage private sectors’ participation to improve both hard and soft infrastructure. Because of Dubai’s political stability, this is very likely to be achieved. It is common knowledge that the economy of the UAE is heavily dependent on oil. The UAE’s income and exports are both heavily influenced by oil price fluctuations. However, in the wake of the global trend of falling oil prices, the country’s government is hoping to change that. There is a sense of agreement that the past year has been a year of challenges for the UAE’s construction and machinery sector. The performance has been below the par for recent years, mostly due to sluggish demand amid a construction slowdown and reduced government spending on infrastructure. Oil prices remain weak, suggesting that the growth will remain sluggish in the year ahead. Globally too, this scenario is repeated with scattered growth pockets in a largely depressed market. However, the construction machinery industry continues to progress and new projects are constantly being executed. Despite slowing demand elsewhere, the hardware and tools market remains robust in the UAE. The current market for tools and machinery in the UAE has been estimated at Dhs10 billion and this is expected to grow further, making the country an attractive destination for global brands. With the recent economic crisis, the lone saving grace for most infrastructure companies is the Gulf, because of its committed long-term project investments. While the oil-based economy of the UAE is not heavily diversified, the country has long had a competitive presence in industries with higher complexity, particularly in chemicals, machinery and construction materials. These sectors are key to the future development of the country, by increasing the export diversity and populating the product space. As the machinery sector matures in the country, more and more challenging projects are being executed. The year 2016 also witnessed the opening of the first 36 km stretch of one of the most challenging road projects ever executed in the country, and indeed in the entire region – the Jebel Jais road in Ras Al Kahimah. 16 www.innovationand<strong>tech</strong>.ae
WHITE PAPER ON UAE's STATE OF MANUFACTURING Machinery manufacturers are now focussing on eliminating the role of the operator. In addition to improved efficiency, this also reduces accidents by eliminating human error. A number of unmanned machines can execute their work under the supervision of a single controller, providing the biggest gains in safety. their predictive abilities by harnessing the power of big data. The increasing focus on “green” machinery has also been an important issue in the UAE. The advanced economies, such as the EU, US and Japan, are phasing in stricter emission norms. The major machinery suppliers are all racing to offer the most environmentally-friendly also come with a lower risk. This trend has benefited equipment rental companies, as well as machinery auctioneers. Recently, the UAE climbed from the 12th to the 5th position on the Nabarro infrastructure index, which rates 25 countries in terms of their investment attractiveness. While the investments in the manufacturing With more and more complex projects being executed, safety issues have come to the fore as well. The current global trends have seen falling sales of super large equipment and a greater interest in the mini equipment segment. Manufacturers and end users are embracing the digital age and improving products, including hybrid machines and even further with fully electric equipment. With private investors wary of the market and slashed government budgets, many big-ticket projects are progressing slowly. Given this scenario, most machinery is now being rented rather than bought. Used machines are not only cost-effective, but and machinery industries will take time to considerably reduce the country’s heavy dependence on oil and gas, the UAE is positioned much better than its compatriots to reduce its economic focus on fossil fuels. INNOVATIONANDTECH January | 2018 17
Page 4 and 5: CONTENTS 55 COVER STORY Enter the n
Page 6: SPI GREATSANDS GROUP Publisher's No
Page 9 and 10: Contents 1. The World of Manufactur
Page 11 and 12: WHITE PAPER ON UAE's STATE OF MANUF
Page 15: WHITE PAPER ON UAE's STATE OF MANUF
Page 21 and 22: The UAE Government has successfully
Page 25 and 26: 4. Financial Outlook WHITE PAPER ON
Page 29 and 30: Implementing Holistic Business Stra
Page 31 and 32: INTERVIEW and getting it right firs
Page 33 and 34: DIGITAL ECOSYSTEM Prof. Dr.rer.nat.
Page 35 and 36: DIGITAL ECOSYSTEM learning solution
Page 37 and 38: SECURITY But it even goes beyond ex
Page 39 and 40: SECURITY Implement DNS Response Pol
Page 41 and 42: DIGITAL ECOSYSTEM our friends are d
Page 43 and 44: INNOVATION Tom Koulopoulos Industry
Page 45 and 46: INNOVATION you to keep in mind that
Page 47 and 48: DIGITAL ECOSYSTEM The Solution and
Page 49 and 50: DIGITAL ECOSYSTEM and its features
Page 51 and 52: BIG DATA of data needs to be protec
Page 53: ENTERPRISE (buyers) which in turn k
Page 56 and 57: COVER STORY of AI will help machine
Page 58 and 59: SECURITY Brendan O'Connor Security
Page 60: SME WORLD SUMMIT SME World Summit,
Page 63: THINK TANK Nadine Bitar CEO, Placem

Innovation i tech High

Create successful ePaper yourself

Delete template?

Save as template?