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Abu Dhabi Department of Economic Development organized a workshop on total productivity in the Emirate of Abu Dhabi

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Abu Dhabi Department of Economic Development organized a workshop on total productivity in the Emirate of Abu Dhabi

Tuesday, January 15, 2013
Abu Dhabi Department of Economic Development organized today at its headquarters and workshop entitled Abu Dhabi's Total Productivity, Measurement, Trends and Methods of improvement. Three main presentations constituted the theme of the workshop .The first highlighted the contribution of physical capital to productivity, the second presentation focused on policies to improve productivity, and the third reviewed the institutional framework for improvement of productivity in the Emirate of Abu Dhabi.in presence of HE Mohammed Omar Abdullah, the Undersecretary of Abu Dhabi Department of Economic Development, and a number of officials from government entities in the Emirate of Abu Dhabi. Dr. Khalid Matarawy, the Economic Specialist at the Planning and Statistics Sector, gave a presentation on Abu Dhabi's Total productivity, which included a quantitative analytical perspective in which he highlighted the results of a study on the contribution of human capital to the GDP of the Emirate of Abu Dhabi. The study aimed at focusing on factors affecting the contribution of physical capital and factors that govern the relationship between marginal productivity of physical capital and the contribution of labor and other factors affecting labor contribution to economic growth.According to Dr. Matarawy the study indicated that human capital in the emirate rose during the last ten years, with improved efficiency, and that the percentage contribution of labor and capital to production, are equal to international proportions. Dr. Matarawy pointed out that there are fluctuations in the demand for labor in the emirate, and that there some types of labor are substitution by physical capital.Matarawy focused on the importance of coordination between the output of the educational process and demand in labor market to ensure improved productivity and upgrade its level to match international standards.The study proposed a set of recommendations most importantly, the development of institutional frameworks to improve productivity in accordance with international best practices, and the need to adopt clear standards to control the quality of labor, and to link the education output with the requirements of the market, and addition to the development of vocational centers, and expand training and raise public awareness Dr. Matrawy added.Dr. Mazen Shiha The Economic Specialist at the Policies and Legislation Sector policies of the Department of Economic Development, gave a presentation on policies for improvement of productivity in the Emirate of Abu Dhabi, with emphasis on requirements and components, explaining general economic policies to be followed; and the means to bring about real change in the economic base of the Emirate, to build a sustainable economy with high added value by raising the operational efficiency of capital and labor force to , in order to achieve substantial increases in the overall competitiveness of the economy.Dr. Shiha pointed out that the study identified productivity as the real source for economic growth and social welfare; and the improvement of the standard of living in any country, regardless of its main economic activity. According to Dr. Shiha, productivity growth rates and the analysis of related elements give insights to closely percept economic activities, and detect and strengths and points of improvements in the activity.Shiha explained that the study defined policies to improve productivity as integrated set of tools, regulations and procedures that aim at improving production elements of labor force, machinery, means and methods of overcoming obstacles, organization, valuation of working time and facing tough circumstances or challenges that hinder maximum use and efficient optimization of these factors in all sectors, to achieve high quality products and maximum production in any field or sector.The study showed that successful economic policies for improving and raising productivity in the Emirate of Abu Dhabi should shall take into consideration consist several components and factors, including: modern policies for operation, suitable policies to support SMEs, implementation of competitiveness and quality policies, encouraging investment in technology and promoting the culture of work in the community. In addition productivity improvement must embody to the implementation of comprehensive policies to support innovation and leadership in practicing of of business, and enhancing empowerment through training and development programs.In turn, Dr. Abdul Halim Muheisen, The Economic Specialist at the Economic Planning and Statistics Sector, presented a working paper entitled Institutional Frameworks to Improve Productivity in the Emirate of Abu Dhabi in which he reviewed the institutional frameworks adopted by the Emirate of Abu Dhabi to support business projects, in fields of commodities and service, with emphasis on three main areas of finance, marketing and production.Muheisen said that the study revealed that there are federal and local entities concerned with finance, marketing, and that there is an urgent need for developing institutional frameworks to cater for improving production quality and quantity., and to enhance the ability of these productive projects to move towards innovation and creativity.Dr. Muheisen highlighted some of the international and regional experiences in supporting improve productivity improvement programs in a number of countries, such as Singapore, Malaysia, Hong Kong, Turkey and Bahrain, which have developed special programs for cooperation with businesses organizations in areas of improving productivity by hiring local and international consultancies in this field.Muheisen suggested developing programs similar to those adopted by these countries to improve productivity in the Emirate of Abu Dhabi, under the supervision of the Department of Economic Development, and in cooperation and coordination with government agencies and private entities in the emirate, in order to prepare and adopt a set of important initiatives to improve the productivity of businesses in the emirate.The workshop concluded with an open discussion which focused on a number of key issues, notably the government support for the private sector, especially in areas of finance and marketing in addition to providing the appropriate supportive legislative framework and implementing innovative initiatives in this area.
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