Al-Fudaili to “Vision”: The Industrial Innovation Academy contributed to offering 170 implementable investment opportunities

◄ Training 600 young Omanis in the fields of manufacturing, artificial intelligence, and manufacturing industries ◄ The “Omanization” program contributed to providing 4,000 job opportunities ◄ The “Link” platform includes 245 suppliers, 1,318 products, and 252 services ◄ Training 600 young Omanis in the fields of manufacturing, artificial intelligence, and manufacturing industries ◄ The “Omanization” program contributed to providing 4,000 job opportunities ◄ Platform “Link” includes 245 suppliers, 1,318 products and 252 services. Ayman Al-Fudaili, CEO of the Industrial Innovation Academy, said that the Academy played a pivotal role in empowering the industrial sector in general, as an enabling arm of the Public Establishment for Industrial Estates “Madayn”, especially in the areas of research and development and studies related to the industrial sector and investment opportunities associated with it.

He added - in statements to Al-Roya - that the Academy has translated its successes into tangible results through a number of paths, including training and qualification, enhancing local content, incubating emerging companies and accelerating their growth, explaining that the “Omanisation” program implemented by the Academy has contributed to providing more than 4,000 specialized and supervisory job opportunities in companies and factories operating in industrial cities, in addition to training and qualifying more than 600 Omani youth in the fields of manufacturing, artificial intelligence, design and industries. Transformational.

Al-Fudaili stated that the team specialized in local content worked to develop many studies that led to the identification of more than 170 investment opportunities in 10 economic sectors that can be implemented and invested, while the academy has embraced more than 80 emerging companies within the incubator and accelerator programs, and a number of them have reached advanced stages of growth and expansion locally and regionally, pointing out that the most prominent gaps that the industrial sector still needs to address are keeping pace with global technical developments, especially technologies related to artificial intelligence and automation. He stressed that the academy is working in cooperation with its partners to raise the production and operational efficiency of Omani factories by automating their operations, thus enhancing the development of the industrial sector and increasing its contribution as an essential tributary to the national economy.

Al-Fudaili explained that studies carried out by the Industrial Innovation Academy to analyze value-added chains revealed promising opportunities in a number of sectors, most notably mining and manufacturing industries related to metals, including aluminum, in addition to agricultural and food production, cold chains and logistics services related to food and fishery products, as well as tourism. He pointed out that these studies depend on analyzing the entire value chain, and identifying gaps that can be transformed into investment opportunities that enhance local content and reduce dependence on imports, pointing out that the Al-Najd study dealt with multiple agricultural and food production chains, while the Shaleem study focused on the mining sector and related industries, and the Duqm study focused on developing the cold chain, in addition to a specialized study of the integrated economic cluster for the aluminum industry.