Badr Al Olama, head of the GMIS organising committee, said private and public sector organisations must increase investment in digital strategies to create a lasting competitive advantage. Photo: GMIS
Badr Al Olama, head of the GMIS organising committee, said private and public sector organisations must increase investment in digital strategies to create a lasting competitive advantage. Photo: GMIS
Badr Al Olama, head of the GMIS organising committee, said private and public sector organisations must increase investment in digital strategies to create a lasting competitive advantage. Photo: GMIS
Badr Al Olama, head of the GMIS organising committee, said private and public sector organisations must increase investment in digital strategies to create a lasting competitive advantage. Photo: GMIS

Global leaders to convene at Expo 2020 Dubai site to participate in GMIS


Alkesh Sharma
  • English
  • Arabic

The UAE will host the fourth Global Manufacturing and Industrialisation Summit (GMIS) from November 22 to 23 at the Expo 2020 Dubai site, followed by other events and conferences from November 24 to 27.

This year's theme is Rewiring Societies: Repurposing Digitisation for Prosperity.

The six-day event will see more than 125 global leaders from the public and private sectors convening to explore the latest advances in manufacturing technologies.

We are excited to welcome like-minded partners from all over the world to the UAE and look forward to engaging in thought provoking debates
Badr Al Olama,
head of the GMIS organising committee

The conference is expected to provide a platform for leaders to discuss the trends shaping the future of industry, as global businesses rapidly embrace digitalisation, shape new business models and revitalise operations, GMIS said in a statement.

The agenda will focus on key themes such as supply chain operations, Society 5.0, increasing digital mobility at work, sustainable manufacturing, gender equality, evolving integration of humans and machines, repurposing capabilities and the potential of energy as a service.

It will include conferences on various topics such as global prosperity, alternative and renewable energy, fifth-generation connectivity and green industry.

“Today, traditional business strategies are no longer effective. Organisations from both the private and public sector must increase their investments in cutting-edge digital strategies in order to create a lasting competitive advantage, revamp their operational models, maximise productivity and increase environmental sustainability,” Badr Al Olama, head of the GMIS organising committee, said.

“We are excited to welcome like-minded partners from all over the world to the UAE and look forward to engaging in thought provoking debates.”

GMIS, a joint initiative between the UAE and the UN Industrial Development Organisation, or Unido, intends to build bridges between manufacturers, governments, NGOs, innovators and investors to further develop manufacturing and fuel post-pandemic recovery.

The first two events were held in Abu Dhabi in March 2017 and in the Russian city of Yekaterinburg in July 2019, with each conference having an attendance of more than 3,000 delegates from more than 40 countries.

Global spending on artificial intelligence systems is expected to hit $97.9 billion by 2023. The upcoming GMIS summit will include a focus on the evolving integration of humans and machines. Reuters
Global spending on artificial intelligence systems is expected to hit $97.9 billion by 2023. The upcoming GMIS summit will include a focus on the evolving integration of humans and machines. Reuters

The third was initially scheduled for April 2020, alongside the Hannover Messe 2020 trade fair, but was postponed due to the pandemic. It was later held online.

Recent global events have spurred changes in the manufacturing industry, including enormous opportunities for digital transformation, said Patrick Byrne, chief executive of GE Digital.

“As leaders from across countries and industries prepare to gather in the UAE, we have an exciting opportunity to develop a new global agenda for economic revival and industrial innovation that brings digital solutions, lean practices and a focus on safety to the forefront,” said Mr Byrne.

“I look forward to interacting with industry experts … to discuss solutions and collaborations for a bright future,” he added.

Chief executives and senior leaders from global businesses such as GE Digital, Thales, General Motors, SAP, Lockheed Martin, Hewlett Packard, Huawei, Unilever, Microsoft, Ericsson, Sberbank, Skolkovo Foundation and Nokia will participate in the event, GMIS said.

Joining from the UAE are senior industry leaders from various entities, including Mubadala Investment Company, Abu Dhabi National Oil Company, Abu Dhabi Department of Economic Development, Dubai Economy, First Abu Dhabi Bank, Emirates Steel, Etihad Rail, Etisalat, Strata, Sanad, Taziz, Dubai Industrial City and G42.

Chief executives and industry leaders will be joined by ministers and senior policymakers from across the world, including the UAE, Russia, the UK, Brazil, Israel, Pakistan, Kyrgyzstan, South Africa, Cambodia and Cameroon.

The GMIS week will provide a stage for business leaders and government stakeholders to discuss latest opportunities for innovation, economic growth and a cleaner future, Steven Kiefer, president of GM International, said.

“The global automotive industry is undergoing one of the most significant changes in its history, with significant advancements in the technology that will deliver safer, more efficient and zero emissions technologies.”

“The integration of software and hardware lie at the heart of this transformation, as we reinvent the vehicle ownership experience,” said Mr Kiefer.

The event will also run a six-day manufacturing and advanced technology exhibition to showcase some of the UAE’s most innovative capabilities.

Countries recognising Palestine

France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra

 

Keane on …

Liverpool’s Uefa Champions League bid: “They’re great. With the attacking force they have, for me, they’re certainly one of the favourites. You look at the teams left in it - they’re capable of scoring against anybody at any given time. Defensively they’ve been good, so I don’t see any reason why they couldn’t go on and win it.”

Mohamed Salah’s debut campaign at Anfield: “Unbelievable. He’s been phenomenal. You can name the front three, but for him on a personal level, he’s been unreal. He’s been great to watch and hopefully he can continue now until the end of the season - which I’m sure he will, because he’s been in fine form. He’s been incredible this season.”

Zlatan Ibrahimovic’s instant impact at former club LA Galaxy: “Brilliant. It’s been a great start for him and for the club. They were crying out for another big name there. They were lacking that, for the prestige of LA Galaxy. And now they have one of the finest stars. I hope they can go win something this year.”

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.3-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E299hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E420Nm%20at%202%2C750rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E10-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E12.4L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh157%2C395%20(XLS)%3B%20Dh199%2C395%20(Limited)%3C%2Fp%3E%0A
Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Fund-raising tips for start-ups

Develop an innovative business concept

Have the ability to differentiate yourself from competitors

Put in place a business continuity plan after Covid-19

Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.) 

Have enough cash to stay afloat for the next 12 to 18 months

Be creative and innovative to reduce expenses

Be prepared to use Covid-19 as an opportunity for your business

* Tips from Jassim Al Marzooqi and Walid Hanna

ANDROID%20VERSION%20NAMES%2C%20IN%20ORDER
%3Cp%3EAndroid%20Alpha%3C%2Fp%3E%0A%3Cp%3EAndroid%20Beta%3C%2Fp%3E%0A%3Cp%3EAndroid%20Cupcake%3C%2Fp%3E%0A%3Cp%3EAndroid%20Donut%3C%2Fp%3E%0A%3Cp%3EAndroid%20Eclair%3C%2Fp%3E%0A%3Cp%3EAndroid%20Froyo%3C%2Fp%3E%0A%3Cp%3EAndroid%20Gingerbread%3C%2Fp%3E%0A%3Cp%3EAndroid%20Honeycomb%3C%2Fp%3E%0A%3Cp%3EAndroid%20Ice%20Cream%20Sandwich%3C%2Fp%3E%0A%3Cp%3EAndroid%20Jelly%20Bean%3C%2Fp%3E%0A%3Cp%3EAndroid%20KitKat%3C%2Fp%3E%0A%3Cp%3EAndroid%20Lollipop%3C%2Fp%3E%0A%3Cp%3EAndroid%20Marshmallow%3C%2Fp%3E%0A%3Cp%3EAndroid%20Nougat%3C%2Fp%3E%0A%3Cp%3EAndroid%20Oreo%3C%2Fp%3E%0A%3Cp%3EAndroid%20Pie%3C%2Fp%3E%0A%3Cp%3EAndroid%2010%20(Quince%20Tart*)%3C%2Fp%3E%0A%3Cp%3EAndroid%2011%20(Red%20Velvet%20Cake*)%3C%2Fp%3E%0A%3Cp%3EAndroid%2012%20(Snow%20Cone*)%3C%2Fp%3E%0A%3Cp%3EAndroid%2013%20(Tiramisu*)%3C%2Fp%3E%0A%3Cp%3EAndroid%2014%20(Upside%20Down%20Cake*)%3C%2Fp%3E%0A%3Cp%3EAndroid%2015%20(Vanilla%20Ice%20Cream*)%3C%2Fp%3E%0A%3Cp%3E%3Cem%3E*%20internal%20codenames%3C%2Fem%3E%3C%2Fp%3E%0A
The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

Poacher
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ERichie%20Mehta%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Nimisha%20Sajayan%2C%20Roshan%20Mathew%2C%20Dibyendu%20Bhattacharya%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
THE SPECS

Engine: 1.5-litre turbocharged four-cylinder

Transmission: Constant Variable (CVT)

Power: 141bhp 

Torque: 250Nm 

Price: Dh64,500

On sale: Now

Updated: November 04, 2021, 7:52 AM`