Latest news with #FourthIndustrialRevolution
Daily News Egypt
7 hours ago
- Business
- Daily News Egypt
Public Enterprises Ministry launches overhaul plan to modernize affiliated companies: El-Shimy
Minister of Public Enterprises Sector Mohamed El-Shimy has announced the implementation of a comprehensive modernization plan for companies affiliated with the ministry. The plan centers on digital transformation, technology localization, and advancing Egypt's industrial self-reliance by integrating smart manufacturing solutions and forging practical partnerships. El-Shimy made the announcement during a workshop on spare parts manufacturing using 3D printing and digital machining, held at the Digital Manufacturing Centre (DMC) inside the Engine Factory of the Arab Organization for Industrialization (AOI) in Helwan. The event was attended by AOI Chairperson Mokhtar Abdel Latif, Deputy Minister of Housing, Utilities, and Urban Communities Sayed Ismail, and representatives from Immensa, a company specialized in digital spare parts manufacturing using advanced 3D printing technologies. During the workshop, both El-Shimy and Abdel Latif emphasized the need to fully leverage national manufacturing capabilities and strengthen cooperation in the production of industrial spare parts through advanced technologies. These efforts are aligned with Egypt's Vision 2030 for sustainable development and industrial modernization. El-Shimy underscored the urgency of greater collaboration and integration across national industrial institutions. He stressed that adopting modern technologies—such as 3D printing—is now essential for enhancing Egypt's manufacturing competitiveness, reducing import dependency, and creating high-value employment opportunities. He also praised AOI's longstanding national role in supporting the state's strategy for modernization, renewal, and technology localization. El-Shimy described the workshop as a tangible step toward deepening industrial integration among government entities and promoting private sector cooperation in Egypt's digital transformation journey. AOI Chairperson Mokhtar Abdel Latif echoed these sentiments, highlighting that AOI had recognized the value of these emerging technologies early on and took proactive steps by establishing the DMC. The center is equipped with advanced global technologies and highly trained technical staff, aligning with Fourth Industrial Revolution standards. The DMC has successfully localized manufacturing technologies for pumps of various types and applications and is capable of meeting a wide range of industrial demands at globally competitive quality levels, Abdel Latif added. He affirmed AOI's readiness to enhance cooperation with both public and private sector entities, in coordination with academic and research institutions. The goal is to maximize the use of advanced capabilities at the DMC and across all AOI factories to address national industrial needs. A comprehensive inventory of spare part requirements is currently being compiled, with manufacturing plans already underway. Abdel Latif reaffirmed that AOI has all the capabilities needed to meet these demands using advanced manufacturing techniques, in line with President Abdel Fattah Al-Sisi's directives to raise the share of local manufacturing, localize strategic technologies, reduce imports, and promote the 'Made in Egypt' initiative. He explained that 3D printing and digital machining technologies enable on-demand, high-precision production of complex or obsolete spare parts that are often unavailable in the market. The technology has already proven effective across a wide range of sectors, including automotive, aerospace, industrial equipment, and medical devices.
Observer
a day ago
- Business
- Observer
Electrical gear drives growth in Oman's exports
MUSCAT: Oman's industrial exports witnessed a notable 8.6 per cent increase during the first quarter of 2025, reaching RO 1.618 billion, compared to RO 1.490 billion during the same period in 2024, according to data released by the National Centre for Statistics and Information (NCSI). Industrial exports accounted for 28 per cent of Oman's total exports. This growth was driven by strong performance across several industrial sectors, most notably the electrical equipment and machinery manufacturing sector, which recorded exceptional growth of 141 per cent, with its exports rising to RO 128 million compared to RO 53 million in Q1 2024. The metal products sector followed with a 14.1 per cent increase in exports, reaching RO 462 million, fueled by rising international demand for high-quality Omani products. Khalid bin Salim al Qassabi, Director General of Industry at the Ministry of Commerce, Industry and Investment Promotion (MoCIIP), stated that these positive results reflect the strength and diversity of Oman's industrial sector. He emphasised the ministry's ongoing implementation of integrated industrial policies aimed at enhancing the competitiveness of Omani products in regional and global markets while boosting industrial exports. He said that the electrical equipment and machinery sector is experiencing rapid growth due to increasing demand, driven by infrastructure expansion projects —particularly in electricity networks, utilities and new cities — alongside growing investments in renewable energy-related industries. Khaled Salim al Qasabi He affirmed that this sector is a priority under Oman's Industrial Strategy 2040, given its role in developing supply chains, enhancing value-added economic activities, supporting entrepreneurship and localising advanced technologies. Jassim bin Saif al Jadidi, Technical Director at the MoCIIP, highlighted ongoing efforts to strengthen the presence of Omani products in regional and global markets —a key objective of the industrial strategy and a pillar of economic diversification under Oman Vision 2040. He explained that these efforts include launching qualitative initiatives to improve the efficiency and quality of national products by supporting local manufacturers in adhering to the highest technical standards and international certifications. This enhances competitiveness and consumer confidence in Omani products. He added that the ministry, in coordination with relevant entities, is working to open new markets for Omani exports by activating regional and international trade agreements, participating in trade exhibitions and missions and providing incentives and facilities for Omani exporters. Additionally, the ministry is promoting knowledge-based and advanced technology industries, including artificial intelligence and Fourth Industrial Revolution technologies, which play a pivotal role in improving product quality, reducing costs and achieving sustainable industrial growth. These efforts contribute to strengthening the national economy, generating quality job opportunities for Omani talent and positioning Oman as a promising industrial and logistics hub in the region. — ONA
Arab News
2 days ago
- Business
- Arab News
New center positions Saudi Arabia for advanced manufacturing leadership
RIYADH: The global industrial sector is witnessing a radical transformation toward adopting Fourth Industrial Revolution technologies, prompting countries to reconsider traditional manufacturing methods and adopt smart solutions that include automation, artificial intelligence, robotics, and data-driven systems in order to improve production efficiency and reduce operational costs. According to the Saudi Press Agency, the Kingdom is not only keeping pace with the global industrial transformation but also aims to lead it through strategic initiatives and specialized programs that promote smart industry practices and accelerate the adoption of advanced manufacturing technologies. This will enhance the competitiveness of Saudi Arabia's industrial sector both regionally and globally, aligning with the goals of Vision 2030 and the National Industrial Strategy to position the Kingdom as a leading industrial power, one that supports global supply chains and exports high-tech products globally. The Ministry of Industry and Mineral Resources is undertaking this ambitious transformation by establishing an integrated and comprehensive national system to enhance advanced manufacturing, according to SPA. It has launched the Advanced Manufacturing and Production Center, which brings together all programs and initiatives that enable the adoption of modern manufacturing technologies and stimulate smart and innovative industrial solutions. This initiative is in cooperation with various government entities related to the technology, research, and innovation sectors and in partnership with several global leaders in industrial technology. The efforts under the Advanced Manufacturing and Production Center include the Future Factories Program Initiative, the Industrial Beacons Program, the Accelerated Manufacturing Program, the Capability Centers Network, and the Operational Excellence Program, reported SPA. These initiatives collectively support the center's vision of becoming a unified national platform that accelerates the adoption of advanced manufacturing technologies. They also serve as a bridge to help local manufacturers access cutting-edge solutions that improve efficiency, enhance quality, and reduce costs across the industrial sector. The center aims to boost productivity and competitiveness in the manufacturing sector by localizing advanced and sustainable technologies, creating an attractive environment for industrial investment, and supporting skill development through its Capability Centers Network. It also offers experiential learning opportunities and provides advisory services to help industrial establishments adopt advanced manufacturing practices. The efforts of the ministry are aligned with several government entities that support the center's vision and objectives. In 2022, the ministry launched the Future Factories initiative to support the smart transformation journey of industrial establishments, aiming to automate 4,000 Saudi factories and increase their production efficiency, reduce reliance on unskilled labor, and promote the adoption of advanced industrial solutions and practices. The initiative offers numerous incentives and enablers to support the digital transformation of national factories, including financing solutions, consulting services, and the development and qualification of human resources to leverage the latest manufacturing technologies. It also helps industrial establishments assess their technological maturity and develop transformation plans to adopt operational excellence practices and advanced manufacturing solutions, including AI, robotics, the Internet of Things, and big data analytics. To support industrial transformation in the Kingdom and achieve global leadership in adopting advanced manufacturing technologies, the ministry launched the Industrial Beacons program. This undertaking aims to enable leading Saudi factories to adopt Fourth Industrial Revolution technologies, thereby enhancing their production efficiency and qualifying them to receive international recognition within the Global Lighthouse Network, an affiliate of the World Economic Forum, by 2030. During the launch ceremony of the Advanced Manufacturing and Production Center, the Ministry announced 10 national industrial companies that committed to achieving the standards of the Industrial Beacons initiative. With the launch of the Advanced Manufacturing and Production Center and its targeted initiatives to promote advanced technologies and foster research and innovation in the industrial sector, the Kingdom signals that its ambitions extend beyond simply keeping pace with global industrial trends.
The Sun
6 days ago
- Business
- The Sun
Vietnam aims to boost education, tech ties with Malaysia
BANGI: Vietnam is ready to work more closely with Malaysia in the fields of education, science and technology, innovation, and digital transformation in an effort to drive sustainable development and shared prosperity across the ASEAN region. Vietnamese Prime Minister Pham Minh Chinh, in a public lecture at Universiti Kebangsaan Malaysia (UKM) here today, said both countries share a vision of leading Southeast Asia's transition toward a knowledge-based, innovation-led future. 'We are two dynamically developing economies in Southeast Asia, sharing a vision of sustainable development based on knowledge, technology, and innovation. 'Vietnam is ready to work more closely with Malaysia for our common goal of sustainable development and the shared prosperity of both nations and the ASEAN community,' he said. Chinh delivered the public lecture as part of his visit to Malaysia for the 46th ASEAN Summit, which concluded yesterday. UKM's Royal Fellow Tunku Zain Al-'Abidin Tuanku Muhriz, Higher Education Minister Datuk Seri Dr Zambry Abdul Kadir and UKM Board of Directors chairman Prof Datuk Mohamad Abd Razak were also in attendance. Chinh emphasised that the people are strategic assets and that breakthroughs in science, technology and digital transformation are 'key drivers and decisive factors' for national development, especially among developing countries in ASEAN. In light of globalisation and the Fourth Industrial Revolution, Chinh stressed the urgent need for quality human capital development and the pivotal role of educational institutions. 'Now is the time for educational institutions to play a central role in preparing the workforce of the future, not just for one country, but for the entire region and the world,' he said. Chinh outlined five pillars for advancing university-level cooperation between Malaysia and Vietnam, including high-tech human resource training; joint scientific research; academic exchanges; regional accreditation standards ; and startup innovation ecosystems. 'When Vietnam and Malaysia invest in knowledge, when young people today share a common aspiration, we can build a Southeast Asia that is not only a centre of production, but also a centre of ideas; not just a place to apply technology, but also to create knowledge and future technologies,' he said. He also proposed enhancements to deepen science, technology, and digital cooperation between the two countries including joint research, infrastructure development, and digital governance. 'I believe that educational cooperation will not only produce learning hubs and knowledge transfer centres, but also serve as centres of innovation, scientific research, and technology transfer across nations, regions, and globally. 'Knowledge is power. When two countries share and connect knowledge, and invest in future generations, no limit is insurmountable, and new milestones can always be achieved,' he said. In the same lecture, Chinh urged the youth of ASEAN to adopt a mindset of resilience, innovation and accountability in navigating an increasingly complex world. 'Today's youth must not rest on their laurels but should adopt the mindset of turning nothing into something, difficulty into ease, impossibility into possibility, and the unimportant into the essential, that is what truly matters,' he said while underlining the values of discipline and responsibility as critical traits for future leaders. He said the youths are the architects of progress and as such must embody five traits, namely: active learning, innovation and entrepreneurship, institutional and policy engagement, international integration, as well as cultural preservation and peace-building.
The Sun
6 days ago
- Business
- The Sun
Vietnam seeks stronger education, tech ties with Malaysia for ASEAN's future
BANGI: Vietnam is ready to work more closely with Malaysia in the fields of education, science and technology, innovation, and digital transformation in an effort to drive sustainable development and shared prosperity across the ASEAN region. Vietnamese Prime Minister Pham Minh Chinh, in a public lecture at Universiti Kebangsaan Malaysia (UKM) here today, said both countries share a vision of leading Southeast Asia's transition toward a knowledge-based, innovation-led future. 'We are two dynamically developing economies in Southeast Asia, sharing a vision of sustainable development based on knowledge, technology, and innovation. 'Vietnam is ready to work more closely with Malaysia for our common goal of sustainable development and the shared prosperity of both nations and the ASEAN community,' he said. Chinh delivered the public lecture as part of his visit to Malaysia for the 46th ASEAN Summit, which concluded yesterday. UKM's Royal Fellow Tunku Zain Al-'Abidin Tuanku Muhriz, Higher Education Minister Datuk Seri Dr Zambry Abdul Kadir and UKM Board of Directors chairman Prof Datuk Mohamad Abd Razak were also in attendance. Chinh emphasised that the people are strategic assets and that breakthroughs in science, technology and digital transformation are 'key drivers and decisive factors' for national development, especially among developing countries in ASEAN. In light of globalisation and the Fourth Industrial Revolution, Chinh stressed the urgent need for quality human capital development and the pivotal role of educational institutions. 'Now is the time for educational institutions to play a central role in preparing the workforce of the future, not just for one country, but for the entire region and the world,' he said. Chinh outlined five pillars for advancing university-level cooperation between Malaysia and Vietnam, including high-tech human resource training; joint scientific research; academic exchanges; regional accreditation standards ; and startup innovation ecosystems. 'When Vietnam and Malaysia invest in knowledge, when young people today share a common aspiration, we can build a Southeast Asia that is not only a centre of production, but also a centre of ideas; not just a place to apply technology, but also to create knowledge and future technologies,' he said. He also proposed enhancements to deepen science, technology, and digital cooperation between the two countries including joint research, infrastructure development, and digital governance. 'I believe that educational cooperation will not only produce learning hubs and knowledge transfer centres, but also serve as centres of innovation, scientific research, and technology transfer across nations, regions, and globally. 'Knowledge is power. When two countries share and connect knowledge, and invest in future generations, no limit is insurmountable, and new milestones can always be achieved,' he said. In the same lecture, Chinh urged the youth of ASEAN to adopt a mindset of resilience, innovation and accountability in navigating an increasingly complex world. 'Today's youth must not rest on their laurels but should adopt the mindset of turning nothing into something, difficulty into ease, impossibility into possibility, and the unimportant into the essential, that is what truly matters,' he said while underlining the values of discipline and responsibility as critical traits for future leaders. He said the youths are the architects of progress and as such must embody five traits, namely: active learning, innovation and entrepreneurship, institutional and policy engagement, international integration, as well as cultural preservation and peace-building.
