UAE to lead the way with 3D printing
Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE, has announced a goal that 25 percent of construction in the UAE will be 3D printed by 2030. The plans are part of the Dubai Future Agenda.
He said: “The UAE is presenting to the world today the first integrated and comprehensive strategy to exploit the 3D technology to serve humanity. We have also framed practical plans and precise goals to turn the strategy into reality – the reality that will contribute to the progress and prosperity of the world and help preserve our human heritage. The future will depend on 3D printing technologies in all aspects of our life, starting from houses we live in, the streets we use, the cars we drive, the clothes we wear and the food we eat. This technology will create added economic value and benefits worth billions of dollars during the coming period.”
The launch of the strategy was attended by Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs and The Future, Hamid Mohamed Al Qatami, Chairman and Director General of the Dubai Health Authority (DHA), Hussein Nasser Lootah, Director-General of Dubai Municipality, and Ahmad Bin Byat, Vice Chairman and Managing Director, Dubai Holding.
Sheikh Mohammed added: “Our key goal is to ensure that 25% of buildings in Dubai are based on 3D printing technology by 2030, and we will raise this percentage with the development of global technology as well as growth of market demand. We believe that this technology is capable of transforming the construction sector by lowering costs and reducing the time it takes to implement projects. It will also help reduce manpower requirements as well as waste generated from construction which can be harmful to the environment. We will also focus on utilizing this technology in other vital sectors such as medicine and consumer products to offer goods and services at competitive prices.”
The Dubai 3D Printing Strategy aims to make Dubai a global capital for the technology, and will focus on three major sectors: construction, medical products and consumer products.
The construction and building sector will focus on lighting products, bases and foundations, construction joints, facilities and parks, buildings for humanitarian causes and mobile homes in addition to galleries, stores and residential villas. The value of 3D printing technology based construction sector in Dubai is expected to be about AED 3 billion by 2025. The use of 3D printing in Dubai’s construction sector will increase by 2% starting 2019 and further in the coming years depending on the development of this technology and its future reliability.
Within the medical products sector, the focus will be on developing 3D printed teeth, bones, artificial organs and medical and surgical devices and hearing aids. The value of 3D printed medical products in Dubai is expected to be reach AED 1.7 billion by 2025.
The consumer products sector will focus on household items, optics, fashion jewellery, children's games and fast food. The volume of consumer products printed by 3D technology in Dubai is expected to be about AED 2.8 billion by 2025.
Read the April 2016 issue of Business Review Middle East magazine
5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly
Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.
Here, Business Chief talks to Janthana about her leadership style and skills.
What do you do, in a nutshell?
I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.
How would you describe your leadership style?
I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.
What’s the best leadership advice you’ve received?
Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.
How do you see leadership changing in a COVID world?
I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.
They say ‘from every crisis comes opportunity’, what opportunities do you see?
The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless.
What advice would you give to your younger self just starting out in the industry?
Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.