UAE launches Dh1 billion national fund to support vital industries

Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the establishment of a Dh1 billion national fund to support vital industries.

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“We have approved a package of initiatives and decisions to support the national industrial sector, including the establishment of a national fund worth Dh1 billion for industrial resilience, aimed at advancing the localisation of vital industries, strengthening supply chain resilience, and accelerating the adoption of artificial intelligence technologies in production, operations and planning,” Sheikh Mohammed wrote on his X account.

The Vice President also approved the expansion of the ‘National In-Country Value Programme’ to make it mandatory across all federal government entities and national companies and adopted a policy to support the presence of national products in retail outlets and online platforms. Our goal is to fully localise more than 5,000 vital products.

“We also reviewed preparations for the launch of the ‘Make it in the Emirates 2026’ platform, which will bring together thousands of investors, manufacturers and industry leaders from around the world next month in Abu Dhabi,” he added.

Sheikh Mohammed emphasised that the UAE continues with confidence to consolidate its position as a global economic and industrial hub.