Vice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum launched the 'Dubai 3D Printing Strategy', a unique global initiative that aims to exploit technology for the service of humanity and promote the status of the country as a leading hub of 3D printing technology by 2030.
The UAE will continue its quest to achieve global leadership in the adoption of future innovations to launch initiatives that benefit the entire human community, he said.
The technology will create added economic value and benefits worth billions of dollars during the coming period.
"It will redefine productivity because the time needed for 3D printing of buildings and products will be 10 per cent of the time taken in traditional techniques.
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"Our key goal is to ensure that 25 per cent 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," Sheikh Mohammed said.
"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," he said.
The value of 3D printing technology based construction sector in Dubai is expected to be about three billion Dirham (Over USD 810 million) by 2025.