By Staff writer
Sheikh Mohammed launches multi-billion dirham strategy to develop technology in construction, healthcare annd consumer products
A quarter of buildings in Dubai will be based on 3D printing technology by 2030 under a new strategy launched by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai on Wednesday.
The emirates will aim to raise that percentage with the development of global technology as well as growth of market demand, a statement said.
Sheikh Mohammed said the Dubai 3D Printing Strategy aims to exploit technology for the service of humanity and promote the status of the UAE and Dubai as a leading hub of 3D printing technology by 2030.
The strategy will focus on three major sectors - Construction, Medical Products and Consumer Products.
The value of 3D printing technology based construction sector in Dubai is expected to be about AED3 billion by 2025 while in 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 AED1.7 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 AED2.8 billion by 2025.
“Our vision for development is driven by a deep understanding of the future needs, and built on proactive ideas because we want to be in first place globally. Our methodology for development is based on the launch of initiatives that can be applied anywhere in the world and creating a global model for not only our economy but also for the global economy,” he said.
He added: “The future does not wait for those who hesitate and slow down. The next stage requires us to act fast and utilise the opportunities.
“The UAE is presenting to the world today the first integrated and comprehensive strategy to exploit the 3D technology to serve humanity.
“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,” he said.
Sheikh Mohammed said the technology will create added economic value and benefits worth billions of dollars during the coming period and he set a key goal to ensure that 25 percent of buildings in Dubai are based on 3D printing technology by 2030.
He called on all government agencies, private sector companies, universities and research centres to work as a team to establish a universal model in the UAE that will serve as a platform for innovators in this futuristic technology from all over the world.
The global market for 3D printing is expected to reach $120 billion by 2020 and about $300 billion by 2025 driven by research and product development activities and the increasing need for more creativity in the design process.
Reports indicate that 3D printing technology will cut construction costs by 50-70 percent, and labour costs by 50-80 percent.