UAE launches AED 1bn industrial resilience fund
UAE launches
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Shaikh Mohammed bin Rashid Al Maktoum, ruler of Dubai has announced the creation of a special national fund aimed at strengthening the United Arab Emirates’ industrial sector and boosting long-term economic resilience.
The initiative establishes a 1 billion dirham Industrial Resilience Fund designed to support the localisation of vital industries across the UAE. It will focus on reducing dependency on imports, strengthening domestic supply chains, and accelerating the adoption of advanced technologies, including artificial intelligence.
The move is part of broader efforts to enhance the country’s industrial competitiveness and future-readiness, ensuring key sectors are better equipped to respond to global economic shifts and disruptions.
Officials say the fund will also encourage innovation and investment in high-priority manufacturing areas, aligning with the UAE’s long-term vision of a diversified, knowledge-based economy
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