Due To Global Economic Challenges Immensa Technology Labs Sees Surge In Demand For Locally Manufactured 3D Printed Products
Immensa Technology Labs, the UAE’s main Additive Manufacturing (AM or 3D printing) company, which was launched based on the Dubai 3D Printing Strategy unveiled by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to promote the reputation of the UAE and Dubai as a leading hub for 3D-printing technology by 2030, has revealed that it has witnessed a surge in demand for 3D printing due to the disruption in the international supply chain as a consequence of world monetary challenges. Local, regional, and global corporations have turned to 3D printing as an alternative source of procurement for spare components and products.
Immensa has seen fast growth of 3D printing demand by progressive organizations who are switching to the local manufacturing and procurement of spare components using the most advanced additive manufacturing processes. This is in line with the ‘Dubai 3D Printing Strategy’ which enables organizations to localise their supply chains and minimize their reliance on imports.
In his remarks on the latest findings, Fahmi Al Shawwa, CEO & Founder of Immensa Technology Labs, said: “Building two world-class, 3D-printing facilities, one for metal 3D printing and another for polymers, in such a brief period, is a testament to the dynamism of the UAE and our various partners, inclusive of Sharjah Research Technology and Innovation Park.” The market for 3D printing of spare components in the UAE is anticipated to attain $600 million by the end of 2023. Fahmi added “The eco-system in the UAE enabled us to construct a world-class organization and take charge of the production of metal and polymer spare parts and components for organizations from throughout the world for their regional operations.
Immensa, which was hooked up in Dubai in 2016, has operations in Sharjah and Kuwait, and will soon be launching its Saudi branch. It began with 4 people and nowadays boasts a crew of more than 20 engineers, catering to organizations from throughout Europe and the Middle East.
Al Shawwa continued: “The vision of HH Sheikh Mohammad bin Rashid Al Maktoum is being fulfilled, and the government is offering UAE-based corporations with an opportunity to counter the disruptions taking place in international supply chains. This will hold them competitive and able to preserve their operations with minimal efforts.”