Education, training and R&D key in developing industries

General Shaikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Wednesday attended in Al Bateen a lecture entitled “Riding the Productivity Waves to Growth”, presented by Jeffrey R. Immelt, GE’s chairman and chief executive officer.

By (Wam)

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Published: Fri 27 Sep 2013, 9:51 AM

Last updated: Tue 7 Apr 2015, 8:25 PM

Shaikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of the Zayed bin Sultan Al Nahyan Charitable and Humanitarian Foundation; Lt-Gen Shaikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior; Shaikh Nahyan bin Mubarak Al Nahyan, Minister of Culture, Youth and Community Development; Shaikh Sultan bin Tahnoun Al Nahyan, Chairman of Abu Dhabi Tourism and Culture Authority; and other Shaikhs, officials and specialists attended the lecture.

In his presentation, Immelt underscored the importance of education, training, research and development of industries, small and medium-sized entrepreneurships, in addition to the information technology in the management of economy and development.

He also stressed the importance of innovation and creativity as an integral part of the success of corporate and major industrial foundations.

Immelt also talked about factors of productivity, which help countries and companies to succeed in the international environment, referring to shale gas, the revolution in the energy, development of manufacturing and industrial internet fields.

Immelt drew attention to the importance of Emiratisation “Tawteen” and preparing qualified professional staff and spread of simplification culture among the institutions in order to move quickly to meet challenges and achieve success. He pointed out that the industries were and still the main engine for the economy, as they create jobs, citing the great industrial development in South Korea, which focussed on various industrial fields.

Immelt stressed that modern states should develop stronger industrial infrastructure, citing the efforts being exerted by the UAE to develop the aviation industry and affiliated industries such as aluminium.

Immelt noted that the UAE officials have clear vision about the knowledge and technology economy.

“The real challenge is to harness natural resources and turn them into industry and production. The issue is not resources, but determination to change, innovate and develop.”

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