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Global Manufacturing and Industrialization Summit and Austrian Economic Chambers align to drive Global Economic Development

MoU
22. March 2017

Memorandum of Understanding to prompt growth in manufacturing and industrial sectors through knowledge transfer and informed policy-making.

Shared best practices to provide Global Manufacturing and Industrialisation Summit partners and delegates with solid base to capitalize on the Fourth Industrial Revolution.

Vienna, Austria, March, 2017: The Global Manufacturing and Industrialisation Summit (GMIS) and the Federal Austrian Economic Chamber have signed a Memorandum of Understanding (MoU), that will see the two organizations working together at a strategic level to promote the Fourth Industrial Revolution (4IR) throughout the manufacturing and industrial sectors. The MoU highlights both parties’ aims to create regulatory and policy landscapes that support innovation and entrepreneurship - which in turn boost economic growth and employment creation - through a program of knowledge transfer and sharing of best practices.  

The MoU was signed by Dr. Richard Schenz, Vice President of the Austrian Economic Chambers, and Badr Al-Olama, Chief Executive Officer, Strata Manufacturing, and Head of the Global Manufacturing and Industrialization Summit Organizing Committee.  

The Federal Austrian Economic Chamber represents more than 450,000 member companies and is committed to supporting forward-looking policies which benefit the economy – including reducing levels of bureaucracy and cutting red tape. As a partner of the Global Manufacturing and Industrialisation Summit, the Austrian Economic Chambers joins a global network of industry and trade bodies that are working together, through the Summit, to address common themes and seize new opportunities for manufacturing and industry stemming from the Fourth Industrial Revolution (4IR) and associated technologies, including the Industrial Internet of Things (IIoT). 

Dr. Richard Schenz, Vice President, the Austrian Economic Chambers, said: “As a representative body of business in Austria, it is the duty of the Austrian Economic Chambers to explore opportunities and challenges that our members may face in the coming years. The Fourth Industrial Revolution is reshaping the way in which manufacturers and industries operate, and it is therefore in the best interests of everyone within these sectors to pursue avenues that will enable us to collectively explore these new technologies. As a platform for knowledge sharing and policy discussion, GMIS is a much-needed event to steer the future of global industry, and we are pleased to be part of this landmark summit.”

The inaugural Global Manufacturing and Industrialization Summit will be held at the Paris-Sorbonne Abu Dhabi, UAE, from March 27-30, 2017. A joint initiative by the UAE Ministry of Economy and the United Nations Industrial Development Organization (UNIDO), and co-hosted with the Abu Dhabi Department of Economic Development, the Summit will be held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The Summit is the world’s first global gathering for the manufacturing community, bringing together 1,200 decision makers from governments, businesses, and civil society organizations to shape a vision for the future.  

Badr Al-Olama, Chief Executive Officer, Strata Manufacturing, and Head of the Global Manufacturing and Industrialization Summit Organizing Committee, said: “Organizations such as the Austrian Economic Chambers are important partners for GMIS, as they are not only involved in shaping policy in their home countries, but they connect directly with leaders and entrepreneurs who have the most to gain by adapting their businesses to 4IR technologies. While GMIS encourages discussion on policies, challenges and opportunities that the next industrial era presents, it is also a platform for sharing knowledge and best practices. This ensures that manufacturers across the world - regardless of whether they are in a developed or emerging market -  can equally capitalize on the benefits of the technologically-driven era.” 

The Global Manufacturing and Industrialisation Summit is a global platform for participating attendees to learn from best practices from all across the world. This unprecedented global gathering will spark new ideas and set the stage for debate and action - addressing ways in which manufacturing can shape and reshape the world, integrating activities between developed and emerging markets, and delivering on social responsibility towards future generations. Leaders from the public and private sectors, along with representatives from civil society organizations, will gather to discuss global challenges within the manufacturing sector, looking specifically at six themes: technology and innovation; global value chains; skills, employment and education; sustainability and environment; infrastructure; standards; and stakeholder alignment.

About the Global Manufacturing and Industrialisation Summit

As the world’s first cross-industry forum, the Global Manufacturing and Industrialization Summit is a global gathering for manufacturing minds. It is a voice and a venue for global manufacturing transformation. More than 1,200 delegates will attend, including world leaders, industry CEOs, policy-makers, specialist researchers and academics. The Global Manufacturing and Industrialisation Summit will deliver (i) a voice for transformational ideas, (ii) a venue for the generation of new networks and cross-industry partnerships, (iii) a showcase for pilot projects arising from cross-industry research, 

Global Agenda on the Future of Manufacturing

The conference will focus on the role of manufacturing in reconstructing the global economy and restoring global prosperity. Leaders from the public and private sectors, along with civil society representatives, will gather together to discuss global challenges facing the manufacturing sector. The discussions will focus around six themes: technology and innovation; global value chains; skills, employment and education; sustainability and environment; infrastructure; standards and stakeholder alignment. The participants will form working groups to identify concrete action plans and recommendations that outline potential solutions to global issues, as well as showcase best practices and case studies from across the world. To highlight an example of global issues, the inaugural conference will focus on the issue of economic migration, with the aim of establishing a manufacturing platform that will bring together countries facing emigration or immigration challenges with regional countries that seek to support economic reconstruction. These countries will work together with manufacturers and the wider United Nations network on restoring global prosperity.  

The Manufacturing Expo

Capitalising on the huge presence of the global manufacturing community under a single meeting venue, the Manufacturing Exhibition will offer space to corporations looking to showcase their products, services and latest innovations or technologies that can further contribute to promoting global economic development. The Manufacturing Expo consists of four components: an exhibition showcasing the manufacturing capabilities of the host country; international pavilions showcasing the manufacturing capabilities and economic incentives of each participating country; an innovation exhibition that demonstrates the latest fourth industrial revolution technologies; and an event for SMEs to present their products and solutions to potential customers.  

The Global Value Chain Market

The Global Value Chain Market (GVCM) is a business matchmaking platform dedicated to increasing regional and international partnerships and opportunities. The platform will provide networking and sourcing opportunities both online and onsite via pre-scheduled meetings with the vision of forging investment opportunities, commercial partnerships, and encouraging technological transfer and knowhow. The platform will enable countries to identify and meet global manufacturers to promote industrial development, and familiarise global manufacturers with targeted industrial activities in various countries. The GVCM will become a source of valuable information for global investments, providing insights on legislation and regulations, sovereign risk, political stability, and physical and logistical infrastructure.

For additional enquiries contact:

ASDA’A Burson-Marsteller 
gmis@bm.com

Mohammad Shaban
mohammad@gmisummit.com

Last modified
22. March 2017
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